Currently, there are 1.10B common shares owned by the public and among those 1.10B shares have been available to trade.
The company’s stock has a 5-day price change of -4.48% and 16.87% over the past three months. MU shares are trading 9.27% year to date (YTD), with the 12-month market performance up to 72.27% higher. It has a 12-month low price of $52.88 and touched a high of $101.85 over the same period. MU has an average intraday trading volume of 15.68 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 2.93%, 6.73%, and 25.22% respectively.
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Institutional ownership of Micron Technology Inc. (NASDAQ: MU) shares accounts for 82.39% of the company’s 1.10B shares outstanding.
It has a market capitalization of $102.94B and a beta (3y monthly) value of 1.24. 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 3.21% over the week and 2.76% over the month.
Analysts forecast that Micron Technology Inc. (MU) will achieve an EPS of -$0.26 for the current quarter, $0.18 for the next quarter and $6.76 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.31 while analysts give the company a high EPS estimate of -$0.14. Comparatively, EPS for the current quarter was -$1.91 a year ago. Earnings per share for the fiscal year are expected to increase by 87.97%, and 1365.09% over the next financial year.
Looking at the support for the MU, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on March 15, 2024, with the firm’s price target at $100-$120. Citigroup coverage for the Micron Technology Inc. (MU) stock in a research note released on March 15, 2024 offered a Buy rating with a price target of $150. Stifel was of a view on March 07, 2024 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on January 23, 2024, issuing a price target of $100. Piper Sandler on their part issued Overweight rating on January 04, 2024.
