Stock under Discussion: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) share price plunged -3.26% or -0.78 points to reach at $23.12 during previous trading session. The stock’s price fluctuated within the range of $22.68 – $23.37 during previous trading session. A total of 60.69M shares exchanged hands, whereas the company’s average trading volume stands at 23.39M shares. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $25.34B and most recently 1.10B outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Micron Technology, Inc. (NASDAQ:MU) is at 48.94.

According to sentiments of 24 analysts the mean estimates of short term price target for the company’s stock is marked at $29.17. The most optimistic analyst sees the stock reaching $45 while the most conventional predicts the target price at $17.

The consensus mean EPS for the current quarter is at $0.65 derived from a total of 20 estimates. According to analysts minimum EPS for the current quarter is expected at $0.54 and can go high up to $0.7. However a year ago during same quarter Micron Technology, Inc. (NASDAQ:MU) reported $-0.05 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.72 per share according to consensus of 20 analysts.

According to sentiments of 21 analysts the company is expected to report revenues of $4.54B for the current quarter. Bearish revenue estimates established at $4.42B while the bullish revenue forecast has been figured out at $4.65B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.69 on the shares of Micron Technology, Inc. (NASDAQ:MU). Out of rating recommendations 11 have given the stock a Buy while 12 recommend the stock as Outperform. 3 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Micron Technology, Inc. (NASDAQ:MU)’s distance from 20 day simple moving average is -1.93% whereas its distance from 50 day simple moving average is 4.31% along with 38.26% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Micron Technology, Inc. (NASDAQ:MU) shares were trading -8.65% below from the 52-week high mark of $25.31 and +147.27% above from the 52-week bottom of $9.35. The stock hit its 52-week high price on 02/02/17 and 52-week low price on 5/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has slipped -6.02% in the past one week and soared 4.24% during previous one month drive, the stock went up 30.84% during past quarter. In the last six months the stock’s performance soared 48.87% while yearly performance of the company up 113.88%. The company’s year to date (YTD) performance is at 5.47%.

While taking a glance at financials, we can look at a number of key indicators. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets (ROA) of -1.10%. The company currently has a Return on Equity (ROE) of -2.50% and a Return on Investment (ROI) of 0.70%. Average true range (ATR-14) of the company sets at 0.70, along with its weekly and monthly volatility of 2.43%, 2.75% respectively. Beta value of the stock stands at 1.89.

The company’s quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.70. Total debt to equity ratio of the company for most recent quarter is 0.79 whereas long term debt to equity ratio for most recent quarter is 0.69.

A Look at Insider Trading: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) exchanged hands 27,965,136 shares versus average trading capacity of 26.29M shares, while its relative trading volume is 0.02. Micron Technology, Inc. (NASDAQ:MU)’s total market worth is $26.09B along with 1.10B outstanding shares.

Insiders has most recently took part in a trading activity, Thorsen Steven L. JR, Vice President, Worldwide Sale of the company in a transaction that occurred 2/9/2017 sold 126,000 shares of the stock. The stock was sold at a price of $24.64, for a total value of $3,104,023. Subsequent to the transaction Thorsen Steven L. JR owned a total of 295,690 shares of the stock.

In a separate transaction on 1/22/2017, Poppen Joel L, VP Legal Affairs, Gen Counsel sold 1,502 shares of the stock. The stock was sold at a price of $21.96, for a total worth of $32,984. Succeeding to the transaction Poppen Joel L owned overall 186,966 shares of the stock.

Moreover, Arnzen April S, VP, Human Resources sold 357 shares of the stock in a reserved transaction that ensued on 1/10/2017. At a price of $22.34, the stock was sold for an entire value of $7,975. Consequent to the transaction Arnzen April S owned a total of 56,270 shares of the stock.

Currently, 0.40% shares of Micron Technology, Inc. (NASDAQ:MU) are owned by insiders with -10.84% six-month change in the insider ownership. The insider filler data counts the number of monthly positions over 3 month and 12 month time spans. For Micron Technology, Inc. (NASDAQ:MU) total 11 number of trades held during last 3 months and 49 during last 12 months, out of them 0 numbers of buys held in last 3 months and 13 buys in last 12 months. Whereas 11 numbers of sells held in last 3 months and 36 sells over the past 12 months.

For the duration of last three months Micron Technology, Inc. (NASDAQ:MU)’s total number of shares bought are 0 and sold 352,734 from a total of 352,734 traded shares. During last twelve months 619,207 number of shares bought and 1,053,153 sold from a total of 1,672,360 shares traded. A net activity of 352,734 took place in the course of three months, while 433,946 during last twelve months. Insider trading information is derived from Forms 3 and 4 filings are filed with the U.S. Securities and Exchange Commission (SEC).

Micron Technology, Inc. (NASDAQ:MU) ended last trading session at the price of $24.05 whereas a number of traders indicating mean target price will hit $28.19 over the next twelve months, mean value of price target most recently revised on 02/09/17. Micron Technology, Inc. (NASDAQ:MU)’s highest estimates of price target are $45.00 and low forecast is $11.50 based on the opinion of 24 analysts. The price target estimates represents a standard deviation of 4.26. However brokerage recommendations suggests an ABR of 1.39 based on calls of 19 experts.

Micron Technology, Inc. (NASDAQ:MU) is expected to release the earnings of its current quarter on 3/29/17. The company is expected to release $0.65 EPS during current quarter according to 20 analysts whereas the company reported $-0.05 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $0.54 and high estimate of $0.7. Micron Technology, Inc. (NASDAQ:MU)’s average revenue estimates for the current quarter are $4.53B according to 21 number of analysts. However its lowest revenue estimates are $4.37B and highest revenue estimates are $4.65B. A year ago the company’s sales were $4.65B. Its yearly sales growth estimates are 54.50%. Past 5 years growth of Micron Technology, Inc. (NASDAQ:MU) observed at 19.07%, and for the next five years the analysts that follow this company are expecting its growth at 1.00%.

Analysts Take on Micron Technology, Inc (NASDAQ:MU) Rating

Micron Technology, Inc (NASDAQ:MU) rose 0.99% during previous trade. BofA/Merrill issued rating on the stock of Micron Technology, Inc (NASDAQ:MU) in a research note issued to investors on Feb-10-17, the stock received “Upgrade” rating from Underperform to Buy. Additionally Mizuho issued their verdict on the stock of the company, on record date of Feb-03-17 the stock was “Reiterated” as Buy from $27 to $30 besides that on Feb-01-17 Micron Technology, Inc (NASDAQ:MU) was “Reiterated” by Cowen as Outperform from $26 to $33. Furthermore on Dec-23-16 the stock was “Reiterated” by Argus as Buy from $22 to $28.

Micron Technology, Inc (NASDAQ:MU) shares ended last trading session at the price of $24.45 whereas a number of traders indicating mean target price will hit $28.19 over the next twelve months, mean value of price target most recently revised on 2/3/17. Micron Technology, Inc (NASDAQ:MU)’s highest estimates of price target are $45 and low forecast is $11.50 based on the opinion of 24 analysts. The price target estimates represents a standard deviation of 5.86. However brokerage recommendations suggests an ABR of 1.55 based on calls of 19 experts, where 13 brokers polls the stock a Strong Buy, 2 suggest the stock a Buy, 3 suggest Hold, 1 are rating the stock as Sell while 0 as Strong Sell.

Micron Technology, Inc (NASDAQ:MU) is expected to release the earnings of its current quarter on 3/29/17. The company is expected to release $0.65 EPS for current quarter according to 20 analysts whereas the company reported $-0.05 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.54 and high estimate of $0.07. For the current year Micron Technology, Inc (NASDAQ:MU) has set to release EPS of $2.47 as per the sentiments of 19 analysts, however according to 19 analysts, the company expected to release $2.93 EPS for next year.

Micron Technology, Inc (NASDAQ:MU)’s average revenue estimates for the current quarter are $4.53B according to 21 number of analysts. However its lowest revenue estimates are $4.37B and highest revenue estimates are $4.65B. A year ago the company’s sales were $2.93B. Its yearly sales growth estimates are 54.50%. For the next quarter the company has anticipated average revenues of $4.59B, according to the sentiments of 21 analysts. For the current year the company has fixed $17.73B revenues, as per the opinion of 24 analysts. For the current year the company has low revenue estimates of $16.13B in contradiction of high revenue estimates of $18.89B. Whereas for the next year revenues are set at $18.56B by 22 analysts.

The stock exchanged hands 27.89M shares versus average trading capacity of 23.22M shares, while its shares’ total market worth is $26.53B along with 1.10B outstanding shares. Micron Technology, Inc (NASDAQ:MU) shares were trading -3.40% below from the 52-week high price mark of $25.31 and +161.50% above from the 52-week price bottom of $9.35. However the company observed 52 week high price on 2/2/17 and witnessed 52 week low price on 05/12/16. The company’s price sits 11.67% above from its 50-day moving average of $23.07 and 47.88% far from the stock’s 200-day moving average which is $18.64. Micron Technology, Inc (NASDAQ:MU)’s price to sales ratio for trailing twelve month stands at 2.09, whereas its price to book ratio for most recent quarter sits at 2.06. However the company’s price to cash per share for most recent quarter stands at 6.52.

Featured Stock: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) share price plunged -0.77% or -0.19 points to reach at $24.60 during previous trading session. The stock’s price fluctuated within the range of $24.50 – $25.24 during previous trading session. A total of 25.05M shares exchanged hands, whereas the company’s average trading volume stands at 26M shares. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $26.92B and most recently 1.10B outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Micron Technology, Inc. (NASDAQ:MU) is at 71.02.

According to sentiments of 24 analysts the mean estimates of short term price target for the company’s stock is marked at $27.10. The most optimistic analyst sees the stock reaching $34 while the most conventional predicts the target price at $11.50.

The consensus mean EPS for the current quarter is at $0.64 derived from a total of 20 estimates. According to analysts minimum EPS for the current quarter is expected at $0.54 and can go high up to $0.7. However a year ago during same quarter Micron Technology, Inc. (NASDAQ:MU) reported $-0.05 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.7 per share according to consensus of 20 analysts.

According to sentiments of 21 analysts the company is expected to report revenues of $4.52B for the current quarter. Bearish revenue estimates established at $4.37B while the bullish revenue forecast has been figured out at $4.63B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.81 on the shares of Micron Technology, Inc. (NASDAQ:MU). Out of rating recommendations 10 have given the stock a Buy while 12 recommend the stock as Outperform. 3 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Micron Technology, Inc. (NASDAQ:MU)’s distance from 20 day simple moving average is 7.52% whereas its distance from 50 day simple moving average is 14.28% along with 51.31% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Micron Technology, Inc. (NASDAQ:MU) shares were trading -2.81% below from the 52-week high mark of $25.31 and +163.10% above from the 52-week bottom of $9.35. The stock hit its 52-week high price on 02/02/17 and 52-week low price on 5/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 2.63% in the past one week and soared 10.02% during previous one month drive, the stock went up 47.48% during past quarter. In the last six months the stock’s performance soared 75.34% while yearly performance of the company up 119.06%. The company’s year to date (YTD) performance is at 12.23%.

While taking a glance at financials, we can look at a number of key indicators. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets (ROA) of -1.10%. The company currently has a Return on Equity (ROE) of -2.50% and a Return on Investment (ROI) of 0.70%. Average true range (ATR-14) of the company sets at 0.70, along with its weekly and monthly volatility of 2.83%, 2.70% respectively. Beta value of the stock stands at 1.92.

The company’s quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.70. Total debt to equity ratio of the company for most recent quarter is 0.79 whereas long term debt to equity ratio for most recent quarter is 0.69.

Stock in Action: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) share price soared 2.65% or 0.64 points to reach at $24.75 during previous trading session. The stock’s price fluctuated within the range of $24.31 – $24.85 during previous trading session. A total of 28.67M shares exchanged hands, whereas the company’s average trading volume stands at 25.53M shares. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $27.21B and most recently 1.10B outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Micron Technology, Inc. (NASDAQ:MU) is at 73.38.

According to sentiments of 24 analysts the mean estimates of short term price target for the company’s stock is marked at $26.94. The most optimistic analyst sees the stock reaching $34 while the most conventional predicts the target price at $11.50.

The consensus mean EPS for the current quarter is at $0.64 derived from a total of 20 estimates. According to analysts minimum EPS for the current quarter is expected at $0.54 and can go high up to $0.7. However a year ago during same quarter Micron Technology, Inc. (NASDAQ:MU) reported $-0.05 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.7 per share according to consensus of 20 analysts.

According to sentiments of 21 analysts the company is expected to report revenues of $4.52B for the current quarter. Bearish revenue estimates established at $4.37B while the bullish revenue forecast has been figured out at $4.63B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.81 on the shares of Micron Technology, Inc. (NASDAQ:MU). Out of rating recommendations 10 have given the stock a Buy while 12 recommend the stock as Outperform. 3 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Micron Technology, Inc. (NASDAQ:MU)’s distance from 20 day simple moving average is 9.28% whereas its distance from 50 day simple moving average is 16.18% along with 53.56% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Micron Technology, Inc. (NASDAQ:MU) hit its 52-week high price on 02/01/17 and 52-week low price on 5/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 5.05% in the past one week and soared 12.91% during previous one month drive, the stock went up 44.23% during past quarter. In the last six months the stock’s performance soared 84.70% while yearly performance of the company up 133.71%. The company’s year to date (YTD) performance is at 12.91%.

While taking a glance at financials, we can look at a number of key indicators. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets (ROA) of -1.10%. The company currently has a Return on Equity (ROE) of -2.50% and a Return on Investment (ROI) of 0.70%. Average true range (ATR-14) of the company sets at 0.74, along with its weekly and monthly volatility of 2.69%, 2.66% respectively. Beta value of the stock stands at 1.92.

The company’s quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.70. Total debt to equity ratio of the company for most recent quarter is 0.79 whereas long term debt to equity ratio for most recent quarter is 0.69.

Stock in Action: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) share price soared 4.39% or +0.96 points to reach at $22.85 during previous trading session. The stock’s price fluctuated within the range of $22.26 – $23.08 during previous trading session. A total of 29,245,300 shares exchanged hands, whereas the company’s average trading volume stands at 25.82M shares. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $25.12B and most recently 1.10B outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Micron Technology, Inc. (NASDAQ:MU) is at 60.02.

According to sentiments of 25 analysts the mean estimates of short term price target for the company’s stock is marked at $26.58. The most optimistic analyst sees the stock reaching $33.00 while the most conventional predicts the target price at $11.50.

The consensus mean EPS for the current quarter is at $0.63 derived from a total of 21 estimates. According to analysts minimum EPS for the current quarter is expected at $0.54 and can go high up to $0.69. However a year ago during same quarter Micron Technology, Inc. (NASDAQ:MU) reported $-0.05 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.68 per share according to consensus of 21 analysts.

According to sentiments of 22 analysts the company is expected to report revenues of $4.51B for the current quarter. Bearish revenue estimates established at $4.37B while the bullish revenue forecast has been figured out at $4.63B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.86 on the shares of Micron Technology, Inc. (NASDAQ:MU). Out of rating recommendations 11 have given the stock a Buy while 12 recommend the stock as Outperform. 3 have given the stock a Hold rating, 2 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Micron Technology, Inc. (NASDAQ:MU)’s distance from 20 day simple moving average is 2.12% whereas its distance from 50 day simple moving average is 11.05% along with 45.32% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Micron Technology, Inc. (NASDAQ:MU) shares were trading -3.34% below from the 52-week high mark of $23.64 and +144.39% above from the 52-week bottom of $9.35. The stock hit its 52-week high price on 12/27/16, and 52-week low price on 05/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 5.11% in the past one week and soared 11.03% during previous one month drive, the stock went up 34.89% during past quarter. In the last six months the stock’s performance soared 64.15% while yearly performance of the company advanced 118.03%. The company’s year to date (YTD) performance is at 4.24%.

While taking a glance at financials, we can look at a number of key indicators. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets (ROA) of -1.10%. The company currently has a Return on Equity (ROE) of -2.50% and a Return on Investment (ROI) of 0.70%. Average true range (ATR-14) of the company sets at 0.70, along with its weekly and monthly volatility of 3.18%, 2.61% respectively. Beta value of the stock stands at 1.91.

The company’s quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.70. Total debt to equity ratio of the company for most recent quarter is 0.79 whereas long term debt to equity ratio for most recent quarter is 0.69.

Notable Mover: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) share price soared 1.15% or +0.25 points to reach at $21.96 during previous trading session. The stock’s price fluctuated within the range of $21.89 – $22.33 during previous trading session. A total of 19.98M shares exchanged hands, whereas the company’s average trading volume stands at 26.49M shares. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $24.50B and most recently 1.10B outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Micron Technology, Inc. (NASDAQ:MU) is at 53.06.

According to sentiments of 25 analysts the mean estimates of short term price target for the company’s stock is marked at $26.58. The most optimistic analyst sees the stock reaching $33.00 while the most conventional predicts the target price at $11.50.

The consensus mean EPS for the current quarter is at $0.63 derived from a total of 21 estimates. According to analysts minimum EPS for the current quarter is expected at $0.54 and can go high up to $0.69. However a year ago during same quarter Micron Technology, Inc. (NASDAQ:MU) reported $-0.05 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.68 per share according to consensus of 21 analysts.

According to sentiments of 22 analysts the company is expected to report revenues of $4.51B for the current quarter. Bearish revenue estimates established at $4.37B while the bullish revenue forecast has been figured out at $4.63B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.86 on the shares of Micron Technology, Inc. (NASDAQ:MU). Out of rating recommendations 11 have given the stock a Buy while 12 recommend the stock as Outperform. 3 have given the stock a Hold rating, 2 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Micron Technology, Inc. (NASDAQ:MU)’s distance from 20 day simple moving average is -1.28% whereas its distance from 50 day simple moving average is 7.67% along with 40.69% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Micron Technology, Inc. (NASDAQ:MU) shares were trading -7.11% below from the 52-week high mark of $23.64 and +7.11% above from the 52-week bottom of $9.31. The stock hit its 52-week high price on 12/27/16, and 52-week low price on 05/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has slipped -1.57% in the past one week and soared 7.91% during previous one month drive, the stock went up 27.53% during past quarter. In the last six months the stock’s performance soared 66.62% while yearly performance of the company advanced 102.40%. The company’s year to date (YTD) performance is at 0.18%.

While taking a glance at financials, we can look at a number of key indicators. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets (ROA) of -1.10%. The company currently has a Return on Equity (ROE) of -2.50% and a Return on Investment (ROI) of 0.70%. Average true range (ATR-14) of the company sets at 0.68, along with its weekly and monthly volatility of 2.65%, 2.50% respectively. Beta value of the stock stands at 1.91.

The company’s quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.70. Total debt to equity ratio of the company for most recent quarter is 0.79 whereas long term debt to equity ratio for most recent quarter is 0.69.

Analyst’s Review on: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) share price plunged -0.58% or -0.13 points to reach at $22.18 during previous trading session. The stock’s price fluctuated within the range of $21.99 – $22.31 during previous trading session. A total of 14,019,100 shares exchanged hands, whereas the company’s average trading volume stands at 25.50M shares. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $24.32B and most recently 1.10B outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Micron Technology, Inc. (NASDAQ:MU) is at 58.69.

According to sentiments of 22 analysts the mean estimates of short term price target for the company’s stock is marked at $324. The most optimistic analyst sees the stock reaching $225 while the most conventional predicts the target price at $78.

The consensus mean EPS for the current quarter is at $0.63 derived from a total of 21 estimates. According to analysts minimum EPS for the current quarter is expected at $0.54 and can go high up to $0.69. However a year ago during same quarter Micron Technology, Inc. (NASDAQ:MU) reported $-0.05 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.68 per share according to consensus of 21 analysts.

According to sentiments of 22 analysts the company is expected to report revenues of $4.51B for the current quarter. Bearish revenue estimates established at $4.37B while the bullish revenue forecast has been figured out at $4.63B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.86 on the shares of Micron Technology, Inc. (NASDAQ:MU). Out of rating recommendations 11 have given the stock a Buy while 12 recommend the stock as Outperform. 3 have given the stock a Hold rating, 2 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Micron Technology, Inc. (NASDAQ:MU)’s distance from 20 day simple moving average is 1.31% whereas its distance from 50 day simple moving average is 11.03% along with 44.19% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Micron Technology, Inc. (NASDAQ:MU) shares were trading -6.18% below from the 52-week high mark of $23.64 and +138.24% above from the 52-week bottom of $9.31. The stock hit its 52-week high price on 12/27/16, and 52-week low price on 01/20/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 0.64% in the past one week and soared 10.18% during previous one month drive, the stock went up 31.63% during past quarter. In the last six months the stock’s performance soared 68.93% while yearly performance of the company advanced 84.53%. The company’s year to date (YTD) performance is at 1.19%.

While taking a glance at financials, we can look at a number of key indicators. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets (ROA) of -1.10%. The company currently has a Return on Equity (ROE) of -2.50% and a Return on Investment (ROI) of 0.70%. Average true range (ATR-14) of the company sets at 0.67, along with its weekly and monthly volatility of 2.20%, 2.50% respectively. Beta value of the stock stands at 1.91.

The company’s quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.70. Total debt to equity ratio of the company for most recent quarter is 0.79 whereas long term debt to equity ratio for most recent quarter is 0.69.

Insider Trading in Action: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) exchanged hands 20,600,000 shares versus average trading capacity of 25.56M shares, while its relative trading volume is 0.81. Micron Technology, Inc. (NASDAQ:MU)’s total market worth is $23.62B along with 1.10B outstanding shares.

Insiders has most recently took part in a trading activity, Shirley Brian, VP Memory Solutions of the company in a transaction that occurred 1/6/2017 sold 25,830 shares of the stock. The stock was sold at a price of $22.08, for a total value of $570,430. Subsequent to the transaction Shirley Brian owned a total of 313,292 shares of the stock.

In a separate transaction on 1/6/2017, Shirley Brian, VP Memory Solutions sold 64,750 shares of the stock. The stock was sold at a price of $22.10, for a total worth of $1,430,774. Succeeding to the transaction Shirley Brian owned overall 339,122 shares of the stock.

Moreover, Deboer Scott J, VP Technology Development sold 10,000 shares of the stock in a reserved transaction that ensued on 12/22/2016. At a price of $22.94, the stock was sold for an entire value of $229,369. Consequent to the transaction Deboer Scott J owned a total of 190,232 shares of the stock.

Currently, 0.40% shares of Micron Technology, Inc. (NASDAQ:MU) are owned by insiders with -9.10% six-month change in the insider ownership. The insider filler data counts the number of monthly positions over 3 month and 12 month time spans. For Micron Technology, Inc. (NASDAQ:MU) total 36 number of trades held during last 3 months and 49 during last 12 months, out of them 13 numbers of buys held in last 3 months and 15 buys in last 12 months. Whereas 23 numbers of sells held in last 3 months and 34 sells over the past 12 months.

For the duration of last three months Micron Technology, Inc. (NASDAQ:MU)’s total number of shares bought are 619,207 and sold 376,691 from a total of 995,898 traded shares. During last twelve months 647,207 number of shares bought and 883,850 sold from a total of 1,531,057 shares traded. A net activity of 242,516 took place in the course of three months, while 236,643 during last twelve months. Insider trading information is derived from Forms 3 and 4 filings are filed with the U.S. Securities and Exchange Commission (SEC).

Micron Technology, Inc. (NASDAQ:MU) ended last trading session at the price of $22.48 whereas a number of traders indicating mean target price will hit $26.58 over the next twelve months, mean value of price target most recently revised on 01/03/17. Micron Technology, Inc. (NASDAQ:MU)’s highest estimates of price target are $33.00 and low forecast is $11.50 based on the opinion of 25 analysts. The price target estimates represents a standard deviation of 6.30. However brokerage recommendations suggests an ABR of 1.55 based on calls of 19 experts.

Micron Technology, Inc. (NASDAQ:MU) is expected to release the earnings of its current quarter on 3/29/17. The company is expected to release $0.63 EPS during current quarter according to 21 analysts whereas the company reported $-0.05 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $0.54 and high estimate of $0.69. Micron Technology, Inc. (NASDAQ:MU)’s average revenue estimates for the current quarter are $4.51B according to 22 number of analysts. However its lowest revenue estimates are $4.37B and highest revenue estimates are $4.63B. A year ago the company’s sales were $2.93B. Its yearly sales growth estimates are 53.60%. Past 5 years growth of Micron Technology, Inc. (NASDAQ:MU) observed at 19.07%, and for the next five years the analysts that follow this company are expecting its growth at 1.00%.

Stock in Limelight: Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) share price plunged -0.32% or -0.07 points to reach at $22.04 during previous trading session. The stock’s price fluctuated within the range of $21.98 – $22.28 during previous trading session. A total of 17.78M shares exchanged hands, whereas the company’s average trading volume stands at 27.90M shares. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $22.94B and most recently 1.04B outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Micron Technology, Inc. (NASDAQ:MU) is at 60.83.

According to sentiments of 25 analysts the mean estimates of short term price target for the company’s stock is marked at $26.58. The most optimistic analyst sees the stock reaching $33 while the most conventional predicts the target price at $11.50.

The consensus mean EPS for the current quarter is at $0.63 derived from a total of 22 estimates. According to analysts minimum EPS for the current quarter is expected at $0.54 and can go high up to $0.69. However a year ago during same quarter Micron Technology, Inc. (NASDAQ:MU) reported $-0.05 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.69 per share according to consensus of 21 analysts.

According to sentiments of 22 analysts the company is expected to report revenues of $4.51B for the current quarter. Bearish revenue estimates established at $4.37B while the bullish revenue forecast has been figured out at $4.63B.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.86 on the shares of Micron Technology, Inc. (NASDAQ:MU). Out of rating recommendations 11 have given the stock a Buy while 12 recommend the stock as Outperform. 3 have given the stock a Hold rating, 3 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Micron Technology, Inc. (NASDAQ:MU)’s distance from 20 day simple moving average is 3.07% whereas its distance from 50 day simple moving average is 13.15% along with 46.10% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Micron Technology, Inc. (NASDAQ:MU) shares were trading -6.77% below from the 52-week high mark of $23.64 and +136.73% above from the 52-week bottom of $9.31. The stock hit its 52-week high price on 12/27/16 and 52-week low price on 1/20/16.

When we have a peek on stock’s historical trends we come to know that, the stock has slipped -1.03% in the past one week and soared 15.63% during previous one month drive, the stock went up 24.31% during past quarter. In the last six months the stock’s performance soared 74.64% while yearly performance of the company up 61.35%. The company’s year to date (YTD) performance is at 0.55%.

While taking a glance at financials, we can look at a number of key indicators. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets (ROA) of -1.10%. The company currently has a Return on Equity (ROE) of -2.50% and a Return on Investment (ROI) of 0.70%. Average true range (ATR-14) of the company sets at 0.73, along with its weekly and monthly volatility of 2.59%, 3.03% respectively. Beta value of the stock stands at 1.99.

The company’s quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.70. Total debt to equity ratio of the company for most recent quarter is 0.78 whereas long term debt to equity ratio for most recent quarter is 0.69.