In last trading session, Micron Technology, Inc. (NASDAQ:MU) saw 5,051,953 shares changing hands. Company’s recent per share price level of $48.5 trading at -$0.6 or -1.38% at recent trade assigns it a market valuation of $53.95 Billion. That current price of MU’s stock is at a discount of -26.16% from its 52-week high price of $61.19 and is indicating a premium of 35.81% from its 52-week low price of $31.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.7 Million shares which gives us an average trading volume of 26.43 Million if we extend that period to 3-months.
For Micron Technology, Inc. (MU), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.1. Splitting up the data highlights that, out of 36 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 26 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.75 in the current quarter.
Micron Technology, Inc. (NASDAQ:MU) trade information
Wall Street analysts have assigned a consensus price target of $62.59 to the stock, which implies a rise of 29.05% to its current value. Analysts have been projecting $35 as a low price target for the stock while placing it at a high target of $100. It follows that stock’s current price would jump +106.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -27.84% for stock’s current value.
Micron Technology, Inc. (MU) estimates and forecasts
Statistics highlight that Micron Technology, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lessened -11.24% of value to its shares in past 6 months, showing an annual growth rate of -60.94% while that of industry is -63.8. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -28.6% in the current quarter and calculating 42.9% increase in the next quarter. This year revenue growth is estimated to drop -11.5% from the last financial year’s standing.
23 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.29 Billion for the same. And 29 analysts are in estimates of company making revenue of $5.48 Billion in the next quarter that will end in August 01, 2020. Company posted $4.79 Billion and $4.87 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 10.6% while estimating it to be 12.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -51.5% while estimates for its earnings growth in next 5 years are of 0%
Micron Technology, Inc. (NASDAQ:MU)’s Major holders
The second largest institutional holder is Blackrock Inc., which was holding about 78.26 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.04% of outstanding shares, having a total worth of $3.29 Billion.
On the other hand, Parnassus Endeavor Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 159000000 shares of worth $6.7 Billion or 14.33% of the total outstanding shares. The later fund manager was in possession of 32.47 Million shares on March 30, 2020, making its stake of worth around $1.37 Billion in the company or a holder of 2.92% of company’s stock.