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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The company’s stock has a 5-day price change of 5.35% and 12.11% over the past three months. MU shares are trading 0.77% year to date (YTD), with the 12-month market performance up to 50.93% 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 14.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.43%, 2.21%, and 18.89% respectively.
Institutional ownership of Micron Technology Inc. (NASDAQ: MU) shares accounts for 82.37% of the company’s 1.10B shares outstanding.
It has a market capitalization of $94.94B 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 2.32% 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, $0.14 for the next quarter and $6.5 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 86.48%, and 1183.82% 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. Piper Sandler coverage for the Micron Technology Inc. (MU) stock in a research note released on January 04, 2024 offered a Overweight rating with a price target of $95. Rosenblatt was of a view on December 21, 2023 that the stock is Buy, while Needham gave the stock Buy rating on December 21, 2023, issuing a price target of $85- $100. TD Cowen on their part issued Outperform rating on December 18, 2023.
