Stock To Watch: Micron Technology, Inc. (NASDAQ:MU)


The leading market experts have placed a mean price target of $15.3900 on Micron Technology, Inc. (NASDAQ:MU) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.0300 a share for the upcoming quarter and $-0.0700 for the current fiscal. Technical View The technical analysis of Micron Technology, Inc. plainly substantiates that the 50-day moving average of Micron Technology, Inc. is $12.6415, and stock is hovering 0.4600 or +3.6388% distant from $12.6415. It is noted that the 200-day MA is $11.4441, and Micron Technology, Inc. stock is $1.6574 or +14.4826% off from this point. Micron Technology, Inc. (NASDAQ:MU) 52-week high is $20.5700 and the 52-week low is $9.3100. This explains if the stock moves $-7.4685, it will post a 52-week high. In event of $+40.7250% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Micron Technology, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Micron Technology, Inc. (NASDAQ:MU) ratio came in at 37.6480. The stock last ended the trading session at $13.1015 and registered a market cap of $13.60B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Micron Technology, Inc. (NASDAQ:MU) PEG ratio is at -189.8600.

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...

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  • Michael Neuman

    Robo-written click-bait. Not even good click-bait.