Why Micron Technology, Inc. (NASDAQ:MU) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.00 on Micron Technology, Inc. (NASDAQ:MU) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.14 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Micron Technology, Inc. (NASDAQ:MU) stands at 12.66. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Micron Technology, Inc., the PEG ratio for coming 3-5 years is 87.14. Technical Analysis The technical analysis highlights that Micron Technology, Inc. current price is trading $0.91 points away +8.09% from $11.29, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $11.72 and, for now, the stock price is trading $0.48 or +4.08% away from that point. The 52-week high of Micron Technology, Inc. (NASDAQ:MU) was $24.97 while lowest point recorded in 52-week was $9.31. It implies if stock price makes a movement of over $-12.77, it will record a new 52-week high. In the case of $+31.04% points drop, it will touch a new 52-week low.

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