In today’s recent session, 14.21 million shares of the Micron Technology Inc. (NASDAQ:MU) have been traded, and its beta is 1.19. Most recently the company’s share price was $139.41, and it changed around $0.4 or 0.29% from the last close, which brings the market valuation of the company to $154.38B. MU at last check was trading at a discount to its 52-week high of $157.54, offering almost -13.0% off that amount. The share price’s 52-week low was $60.50, which indicates that the recent value has risen by an impressive 56.6% since then. We note from Micron Technology Inc.’s average daily trading volume that its 3-month average coming to 21.76 million.
Micron Technology Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.45. If we narrow it down even further, the data shows that 0 out of 31 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 3 recommended MU as a Hold, whereas 20 deemed it a Buy, and 0 rated it as Underweight. Micron Technology Inc. is expected to report earnings per share of 0.51 for the current quarter.
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Micron Technology Inc. (NASDAQ:MU) trade information
Instantly MU has been showing a green trend so far today with a performance of 0.29% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 63.36% year-to-date, but still down -5.70% over the last five days. On the other hand, Micron Technology Inc. (NASDAQ:MU) is 10.41% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $126.87, which translates to bulls needing to decrease their stock price by -9.88% from its current value. Analyst projections state that MU is forecast to be at a low of $55 and a high of $225.
Micron Technology Inc. (MU) estimates and forecasts
The year-over-year growth rate is expected to be 59.20%, up from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of 6.66B in revenue for the current quarter. 25 analysts expect Micron Technology Inc. to make 7.58B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 89.10%.
Micron Technology Inc. earnings are expected to increase by 122.07% in 2024, but the outlook is negative -2.62% per year for the next five years.
MU Dividends
Micron Technology Inc.’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 0.33 percent and its annual dividend per share was 0.46. It is important to note, however, that the 0.33% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
