Recent reports indicate insider trading activities at Micron Technology Inc. (MU), with Deboer Scott J selling 20,000 shares on two occasions. Despite this, Micron Technology Inc. has had a solid performance lately, with recent gains in the stock price. Analysts have mixed opinions on the stock, with some rating it as a “buy” and others as a “hold.” Micron Technology Inc. has solid stock fundamentals, with a present operating margin of +31.76 and a gross margin of +45.36. The net margin for the company is +28.24, and its total capital return value is set at 17.97. Micron Technology Inc. is trading at a significant distance from its 50-day moving average and its 52-week high. It’s important to note that the stock’s volatility levels have been somewhat high recently, with a volatility ratio of 3.83% for the week and 3.44% for the last 30 days.
Evaluating the Annual Growth of Micron Technology Inc. (MU) Stock
Micron Technology Inc. (MU) stock has recently experienced a notable surge in its market value, with a 9.23% increase in the past week, a monthly gain of 9.89%, and a quarterly surge of 27.03%. As of March 30, 2023, the average trading volume of MU was 14.24M shares, with a volatility ratio of 3.83% for the week and 3.44% for the last 30 days.
The public float for MU stands at 1.09B, with short sellers holding a 1.94% ratio of that float. According to analysts, the average price point forecast for MU is $68.49, which is slightly above the current market price of $67.06.
Latest Price Update for MU Stock
As of March 30, 2023, the stock price of Micron Technology Inc. (NASDAQ: MU) increased by 7.19 in comparison to its previous closing price of 59.28. Over the last five trading sessions, the company has experienced a 9.23% increase in its stock price. Despite this recent growth, according to a report by Barron’s, Micron Sales Plunge 53%, and the company is cutting more staff. However, better days are expected ahead.
Analysts’ Opinion of MU
Multiple brokerage firms have released their reports on MU stocks. Raymond James repeated its rating for MU as “Outperform,” with a predicted price of $70. Mizuho, on the other hand, expects to see MU reach a price target of $72, up from their previous prediction of $48, and has given the rating of “Buy” for MU stocks.
MU Trading at 7.91% from the 50-Day Moving Average
Micron Technology Inc. (MU) stock is currently trading at 7.91% from the 50-day moving average, with a simple moving average of 11.29% for the last 20 days and 11.36% for the last 200 days. Over the last year, MU has seen a turnover rate of 27.13%, with a tendency to cut further gains.
Insider Trading
No information on insider trading was provided in the given text.
Analyzing Insider Trading Activities at Micron Technology Inc. (MU)
According to recent reports, insider trading activities have been taking place at Micron Technology Inc. (MU), with Deboer Scott J, the EVP, Technology & Products of the company, selling 20,000 shares at $60.00 on March 22. Following this sale, Deboer Scott J now owns 208,340 shares of Micron Technology Inc. valued at $1,200,000 based on the latest closing price.
Deboer Scott J also sold 20,000 shares at $53.40 during a trade on March 13, and is now holding 228,340 shares at $1,068,000 based on the most recent closing price.
Stock Fundamentals for MU
Micron Technology Inc. (MU) currently has a present operating margin of +31.76 and a gross margin of +45.36. The net margin for the company is +28.24. The total capital return value is set at 17.97, while invested capital returns managed to touch 16.03. The equity return is at a value of 12.60, with 9.40 for asset returns.
In terms of capital structure, the debt to equity ratio for Micron Technology Inc. is 15.18, while the total debt to capital is 13.18. Total debt to assets is 11.43, with a long-term debt to equity ratio of 14.85. Finally, the long-term debt to capital ratio is 12.90.
When analyzing the enterprise to sales ratio, we see a ratio of 2.34, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for Micron Technology Inc. is 5.89, and the total asset turnover is 0.49. The liquidity ratio also appears to be interesting for investors, standing at 2.89.
Conclusion
Overall, Micron Technology Inc. (MU) has had a relatively strong performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
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