Micron Technology, Inc. (NASDAQ:MU) plunged -0.39% during previous trade, a total of 20.43M shares exchanged hands compared with its average trading volume of 28.44M shares whereas its relative volume is 0.76. The stock has a market capitalization of $24.02B along with 1.04B outstanding shares. Stock’s intraday price range hit the peak level of $22.84 and touched the lowest level of $22.25.
Most recently Micron Technology, Inc. (NASDAQ:MU)’s price target was revised on 1/03/17 and according to 25 analysts stock’s price will reach at $26.58 during 52 weeks with standard deviation of 6.30. Stock’s minimum price target estimates has been figured out at $11.50 while the maximum price target forecast is established at $33, if we look at the price target with an optimistic approach it has upside potential of 46% from its latest closing price of $22.36.
Historically, if we look at price target revisions, three weeks ago Micron Technology, Inc. (NASDAQ:MU)’s price target was revised on 12/03/16 by the analysts, however the bullish price estimates of the stock set at $25 while the bearish estimates kept at $10 over the next one year. Stock’s 52-week target was retained at $20.77, the estimates indicates a standard deviation of 4.88.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.55. ABR value is precisely based on brokerage recommendations, where out of 19 brokerage recommendations 13 rate Micron Technology, Inc. (NASDAQ:MU) stock a Strong Buy, 2 rate the stocks of the company a Buy, 3 rate Hold, 1 rate Sell and 2 recommend a Strong Sell. Most recently on 12/22/16 the stock of Micron Technology, Inc. (NASDAQ:MU) upgraded by Needham from Underperform to Buy. However previously on 12/07/16 it was upgraded by Standpoint Research from Hold to Buy. A research note issued on 8/29/16 the stock was downgraded by Standpoint Research from Buy to Hold.
Micron Technology, Inc. (NASDAQ:MU) performance over the past one year soared 50.88% whereas its year to date (YTD) performance indicated a bullish trend of 2.01%. During the last six months the stock climbed 90.62%. Quarterly performance of the company shows optimistic momentum of 25.62% while its last one month trend is positive with 19%. Stock’s weekly performance expressed down trend of -4.03%.
The company’s price 16.01% above from its 50-day moving average of $20.34 and 42.29% far from the stock’s 200-day moving average which is $16.78. Micron Technology, Inc. (NASDAQ:MU)’s shares are currently trading -5.41% away from the 52-week high price of $23.64 and +140.17% far from the 52-week low price of $9.31.
According to consensus agreement of 21 analysts Micron Technology, Inc. (NASDAQ:MU) will report earnings per share of $0.63 in their quarterly report and it is expected to announce the company’s results on 3/29/17. For the current quarter the company has high EPS estimates of $0.69 in contradiction of low EPS estimates of $0.54. However a year ago for the same quarter the company has reported $-0.05 EPS. Current year EPS projections for Micron Technology, Inc. (NASDAQ:MU) set at $2.44 according to the sentiments of 20 analysts, while its lowest earnings estimates are $2.1 and highest earnings estimates are $2.96.
According to 23 analysts, Micron Technology, Inc. (NASDAQ:MU)’s revenue estimates for the current quarter are $4.45B meanwhile the company has high revenue estimates of $4.63B in contradiction of low revenue estimates of $3.52B. For the current year the company’s revenue estimates are $17.7B compared to low analyst estimates of $16.73B and high estimates of $18.6B according to the projection of 25 analysts.