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


The leading market experts have placed a mean price target of $16.38 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 $0.02 a share for the upcoming quarter and $-0.06 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 $14.32, and stock is trading $2.43 points away or +16.95% from its 50-day moving average of $14.32. Further it is trading $4.73 or +39.38% away its 200-day moving average of $12.02. Micron Technology, Inc. (NASDAQ:MU) 52-week high is $19.30 and the 52-week low is $9.31.

This explains if the stock moves $-2.55, it will post a 52-week high. In event of +79.91% 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 48.13.

The stock last ended the trading session at $16.75 and registered a market cap of $17.39B. 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 -270.00.

1 Chart Pattern Every Investor Should Know

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