The market professionals have placed average price target of $19.600 on Micron Technology, Inc. (NASDAQ:MU) stock. This target, which is projected to be hit in 1-year, is totaled mean of analyst calls covered in First Call industry survey. Quarterly earnings is predicted at $0.270 a share and for fiscal it is $1.120.
Micron Technology, Inc. technical analysis substantiates that Micron Technology, Inc. 50-day moving average is at $17.116, and it is trading $-0.481 points away or -2.809% from its 50-day MA of $17.116. It is trading $3.218 or +23.984% away its 200-day moving average of $13.417. Micron Technology, Inc. (NASDAQ:MU) 52-week high is $19.300 and the 52-week low is $9.310.
If the stock moves $-2.665, it will upright hit a 52-week high. In episode of +78.679% plunge, a 52-week low is in scope.
Market price discounts all the factors that can impact securities price. It indicates the market price of a stock at any given point accurately shows all available information, so shows the fair value of the stock. This assumption is dependent on the concept the market price continuously reveals the sum total information of all market contributors.
Micron Technology, Inc. (NASDAQ:MU) P/E ratio came in at N/A. The stock closed at $16.635 in last trading session, so current market cap is $17.25B.
John Templeton says to purchase bargains, meaning, buy equities when they trade at best value. When the index is at a low, shareholders discover the best bargains. More precisely, it indicates when the P/E ratio is low, investors experience strong returns by purchasing equities. Stocks should be sold into when P/E ratios are at higher end of scale. That makes perfect sense, as the stock value and the market rises when the P/E ratio increases. Purchasing when the P/E ratio of market is at a high level raises the peril that investors will witness negative return, while purchasing when the P/E ratio is low considerably increases the probability investors will experience lucrative returns in the succeeding years. Micron Technology, Inc. (NASDAQ:MU) PEG ratio is at 15.800.
1 Chart Pattern Every Investor Should Know
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