Micron Technology Inc. (NASDAQ:MU) has a beta value of 1.18 and has seen 17.43 million shares traded in the last trading session. The company, currently valued at $126.70B, closed the last trade at $114.26 per share which meant it lost -$3.19 on the day or -2.72% during that session. The MU stock price is -37.88% off its 52-week high price of $157.54 and 45.96% above the 52-week low of $61.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.25 million shares traded. The 3-month trading volume is 21.64 million shares.
The consensus among analysts is that Micron Technology Inc. (MU) is Buy stock at the moment, with a recommendation rating of 1.42. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 31 have rated it as a Hold, with 26 advising it as a Buy. 0 have rated the stock as Underweight.
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Micron Technology Inc. (NASDAQ:MU) trade information
Sporting -2.72% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MU stock price touched $114.26 or saw a rise of 15.58%. Year-to-date, Micron Technology Inc. shares have moved 33.89%, while the 5-day performance has seen it change -14.44%. Over the past 30 days, the shares of Micron Technology Inc. (NASDAQ:MU) have changed -25.54%. Short interest in the company has seen 27.6 million shares shorted with days to cover at 1.05.
Wall Street analysts have a consensus price target for the stock at $150, which means that the shares’ value could jump 23.83% from current levels. The projected low price target is $55 while the price target rests at a high of $225. In that case, then, we find that the current price level is -96.92% off the targeted high while a plunge would see the stock lose 51.86% from current levels.
Micron Technology Inc. (MU) estimates and forecasts
The company’s shares have gained 34.71% over the past 6 months, with this year growth rate of 126.07%.
Earnings growth for 2024 is a modest 127.63% while over the next 5 years, the company’s earnings are expected to decrease by -2.62%.
MU Dividends
Micron Technology Inc. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.46 at a share yield of 0.40%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.33%.
Micron Technology Inc. (NASDAQ:MU)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 96.67 million shares worth more than $11.4 billion. As of 2024-03-31, VANGUARD GROUP INC held 8.756% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 90.3 million shares as of 2024-03-31. The firm’s total holdings are worth over $10.65 billion and represent 8.1797% of shares outstanding.
