Currently, there are 1.11B 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 -0.86% and 46.92% over the past three months. MU shares are trading 43.57% year to date (YTD), with the 12-month market performance up to 97.74% higher. It has a 12-month low price of $58.03 and touched a high of $130.54 over the same period. MU has an average intraday trading volume of 21.07 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 7.48%, 24.15%, and 55.08% respectively.
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Institutional ownership of Micron Technology Inc. (NASDAQ: MU) shares accounts for 82.04% of the company’s 1.11B shares outstanding.
It has a market capitalization of $135.67B and a beta (3y monthly) value of 1.27. The earnings-per-share (ttm) stands at -$3.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.30% over the week and 4.25% over the month.
Analysts forecast that Micron Technology Inc. (MU) will achieve an EPS of $MUR/BRX for the current quarter, $0.11 for the next quarter and $Currency for Type. The lowest estimate earnings-per-share for the quarter is $MUR/GBP while analysts give the company a high EPS estimate of $MUR/USD. Comparatively, EPS for the current quarter was $MUR/CHF a year ago. Earnings per share for the fiscal year are expected to increase by 116.68%, and 919.65% over the next financial year.
Looking at the support for the MU, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on April 08, 2024, with the firm’s price target at $135-$150. Argus was of a view on March 21, 2024 that the stock is Buy, while TD Cowen gave the stock Outperform rating on March 21, 2024, issuing a price target of $120- $150. Cantor Fitzgerald on their part issued Overweight rating on March 18, 2024.
