Micron Technology Inc. [MU] stock is up 0.86 while the S&P 500 has fallen -0.03% on Wednesday, 10/21/20. While at the time of this article, MU ATR is sitting at 1.62, with the beta value at 1.31. This stock’s volatility for the past week remained at 2.92%, while it was 2.85% for the past 30-day period. MU has risen $0.46 from the previous closing price of $53.31 on volume of 5.82 million shares.

On 20, October 2020, Micron Readies World’s First Multichip Package With LPDDR5 DRAM for Mass Production. According to news published on Yahoo Finance, High-performance memory and storage in a single, tightly designed package accelerate 5G applications for smartphones.

Analyst Birdseye View:

The most recent analyst activity for Micron Technology Inc. [NASDAQ:MU] stock was on September 30, 2020, when it was Reiterated with a Buy rating from UBS, which also lowered its 12-month price target on the stock from $63 to $61. Before that, on October 13, 2020, Deutsche Bank Recapitulated a Buy rating and elevated its amount target to $60. On September 30, 2020, RBC Capital Mkts Reiterated an Outperform rating and plunged its price target on this stock from $60 to $57. On September 30, 2020, Piper Sandler Reiterated a Neutral rating and decreased its price target from $51 to $45. On September 30, 2020, Needham Reiterated a Buy rating and decreased its price target to $65. On September 30, 2020, Mizuho Reiterated a Buy rating and boosted its amount target on this stock to $56. On September 30, 2020, Deutsche Bank Reiterated a Hold rating and boosted its target amount on this stock from $48 to $51. On the same date Cowen Reiterated an Outperform rating and elevated its amount target to $57.

In the past 52 weeks of trading, this stock has oscillated between a low of $31.13 and a peak of $61.19. Right now, the middling Wall Street analyst 12-month amount mark is $61.00. At the most recent market close, shares of Micron Technology Inc. [NASDAQ:MU] were valued at $53.77. According to the average price forecast, investors can expect a potential return of -3.48%.

FUNDAMENTAL ANALYSIS

Micron Technology Inc. [NASDAQ:MU] most recently reported quarterly sales of 6.06 billion, which represented growth of 13.60%. This company’s Gross Margin is currently 30.60%, its Operating Margin is 10.90%, its Pretax Margin is +13.92, and its Net Margin is +12.54. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.24, 7.18, 6.91 and 6.23 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 15.54 and the whole liability to whole assets at 13.37. It shows enduring liability to the whole principal at 14.96 and enduring liability to assets at 0.13 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 53.01 points at 1st support level, the second support level is making up to 52.71. But as of 1st resistance point, this stock is sitting at 53.78 and at 54.26 for 2nd resistance point.

Micron Technology Inc. [MU] reported its earnings at $1.08 per share in the fiscal quarter closing of 8/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.99/share signifying the difference of 0.09 and 9.10% surprise value. Comparing the previous quarter ending of 5/30/2020, the stated earnings were $0.82 calling estimates for $0.77/share with the difference of 0.05 depicting the surprise of 6.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Micron Technology Inc. [NASDAQ:MU] is 2.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.23. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.44 and showing 22.43 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Deboer Scott J, EVP, Technology Development, and it was the sale of 13695.0 shares on Aug 12. Marosvari Paul, the VP, Chief Accounting Officer, completed a sale of 308.0 shares on Aug 03. On Jul 01, ARNZEN APRIL S, SVP, Human Resources, completed a sale of 25739.0 shares.