Micron Technology, Inc. (NASDAQ:MU) mean price target has been set at $17.050 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.040 in the near-term quarter and $-0.050 for the ongoing fiscal. The market cap of Micron Technology, Inc. was recorded at $17.60B after the stock closed at $16.700 in last trading day.
What The Valuation Says?
The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Micron Technology, Inc. (NASDAQ:MU) has a P/E ratio of 48.693. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.
Micron Technology, Inc. (NASDAQ:MU) PEG ratio sits at -334.000. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.
The technical analysis of Micron Technology, Inc. visibly illustrates that the 50-day MA of Micron Technology, Inc. is $14.834, and stock is trading $2.111 points away or +14.229% from its 50-day moving average of $14.834. Further it is trading $4.702 or +38.403% away its 200-day moving average of $12.243. Micron Technology, Inc. (NASDAQ:MU) 52-week high is $19.300 and the 52-week low is $9.310. This represents that if the stock moves $-2.355 points up on the chart to it will make a 52-week high. But, if it declines +82.009%, then the shares price can hit a new 52-week low.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...