Micron Technology Inc. (NASDAQ: MU): Stock That Needs Special Handling

Currently, there are 1.10B common shares owned by the public and among those 1.10B shares have been available to trade.

Insiders at the company have transacted a total of 199 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 83 of these insider trades were purchases, accounting for 1,233,793 shares. Insider sales of the common stock occurred on 116 occasions, with total insider shares sold totaling 1,014,921 shares.

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However, the script later moved the day high at 85.62, up 0.80%. The company’s stock has a 5-day price change of -1.06% and 18.37% over the past three months. MU shares are trading 0.26% year to date (YTD), with the 12-month market performance up to 42.01% higher. It has a 12-month low price of $52.76 and touched a high of $90.04 over the same period. MU has an average intraday trading volume of 0.86 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.67%, 3.39%, and 19.87% respectively.

Institutional ownership of Micron Technology Inc. (NASDAQ: MU) shares accounts for 81.07% of the company’s 1.10B shares outstanding.

It has a market capitalization of $94.45B and a beta (3y monthly) value of 1.23. The earnings-per-share (ttm) stands at -$6.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.36% over the month.

Analysts forecast that Micron Technology Inc. (MU) will achieve an EPS of -$0.28 for the current quarter, $0.13 for the next quarter and $6.49 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.31 while analysts give the company a high EPS estimate of -$0.21. Comparatively, EPS for the current quarter was -$1.91 a year ago. Earnings per share for the fiscal year are expected to increase by 86.43%, and 1179.86% over the next financial year.

Looking at the support for the MU, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on January 23, 2024, with the firm’s price target at $100.

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