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


As per the research groups listed in Thomson Reuters survey, Micron Technology, Inc. (NASDAQ:MU), the stock can touch mean price target of $15.710 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.020 per share in looming quarter and $-0.060 during current fiscal.

Technical Forecast

While evaluating Micron Technology, Inc. on the technical side, it is seen that the firm’s shares price is trading $0.856 points away or +6.430% from its 50-day moving average of $13.319. Further it is trading $2.604 or +22.509% away its 200-day moving average of $11.571. MA here stands for moving average.

Micron Technology, Inc. (NASDAQ:MU) stock made a high of $19.300 in last 12-months while the lowest level in same period was $9.310. It entails if stock price makes a movement of over $-5.125, it will make a new 52-week high. In the case of +52.256% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Micron Technology, Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Micron Technology, Inc. (NASDAQ:MU) P/E ratio is 40.733. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Micron Technology, Inc. it stands at -241.330.

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