Currently, there are 1.12B common shares owned by the public and among those 1.11B shares have been available to trade.
The company’s stock has a 5-day price change of -26.82% and -25.89% over the past three months. MU shares are trading -23.10% year to date (YTD), with the 12-month market performance down to -49.44% lower. It has a 12-month low price of $74.21 and touched a high of $157.54 over the same period. MU has an average intraday trading volume of 23.08 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 -29.58%, -30.78%, and -36.57% respectively.
Institutional ownership of Micron Technology Inc (NASDAQ: MU) shares accounts for 79.50% of the company’s 1.12B shares outstanding.
It has a market capitalization of $72.33B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 15.56, while the earnings-per-share (ttm) stands at $4.16. The company has a PEG of 0.15 and a Quick Ratio of 1.99 with the debt-to-equity ratio at 0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.87% over the week and 4.86% over the month.
Earnings per share for the fiscal year are expected to increase by 435.95%, and 59.66% over the next financial year. EPS should grow at an annualized rate of 106.47% over the next five years, compared to -33.89% over the past 5-year period.
Looking at the support for the MU, a number of firms have released research notes about the stock. China Renaissance stated their Hold rating for the stock in a research note on March 26, 2025, with the firm’s price target at $84. TD Cowen coverage for the Micron Technology Inc (MU) stock in a research note released on December 19, 2024 offered a Buy rating with a price target of $125. Needham was of a view on December 19, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on December 19, 2024, issuing a price target of $125- $110. China Renaissance on their part issued Buy rating on October 28, 2024.
