Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Micron Technology Inc’s current trading price is -34.50% away from its 52-week high, while its distance from the 52-week low is 30.37%. The stock’s price range over this period has fluctuated between $79.15 and $157.54. The company, operating within the financial sector, had a trading volume of approximately 19.49 million for the day, which was noticeably lower than the average daily share volume of 22.0 million over the last 3 months.
Micron Technology Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $157.54 on 06/18/24 and the lowest value was $79.15 on 02/20/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Micron Technology Inc (MU) has experienced a quarterly decline of -4.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 114.97B and boasts a workforce of 48000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 99.58, with a change in price of +7.62. Similarly, Micron Technology Inc recorded 23,402,359 in trading volume during the last 100 days, posting a change of +7.97%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MU stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.30.
MU Stock Stochastic Average
Today, Micron Technology Inc’s raw stochastic average for the past 50 days stands at 68.95%, indicating a decline from the raw stochastic average of the last 20 days, which was 71.86%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 81.54% and 87.06% respectively.
MU Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant gain of 22.61% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -6.43%. Over the past 30 days, the price of MU has fallen by 14.50%. And in the last five days, it has surged by 0.58%.
