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 -5.74% and 11.57% over the past three months. MU shares are trading 54.12% year to date (YTD), with the 12-month market performance up to 96.11% higher. It has a 12-month low price of $60.50 and touched a high of $157.54 over the same period. MU has an average intraday trading volume of 22.19 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 -3.84%, 4.00%, and 38.62% respectively.
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Institutional ownership of Micron Technology Inc. (NASDAQ: MU) shares accounts for 81.95% of the company’s 1.11B shares outstanding.
It has a market capitalization of $145.85B and a beta (3y monthly) value of 1.18. The earnings-per-share (ttm) stands at -$1.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.53% over the week and 3.97% over the month.
Earnings per share for the fiscal year are expected to increase by 127.15%, and 694.46% 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 Buy rating for the stock in a research note on June 27, 2024, with the firm’s price target at $150-$160. Needham coverage for the Micron Technology Inc. (MU) stock in a research note released on June 27, 2024 offered a Buy rating with a price target of $150. Wedbush was of a view on June 18, 2024 that the stock is Outperform, while Stifel gave the stock Buy rating on June 18, 2024, issuing a price target of $140- $165. Morgan Stanley on their part issued Equal-Weight rating on May 20, 2024.
