Micron Technology (NASDAQ:MU) shares traded 5.04% up during most recent session to reach at the closing price of $35.44. The stock exchanged hands 54.15 Million shares versus average trading capacity of 34.2 Million shares, yielding a market cap of $39.79 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $47.14 within the next 52-weeks. The mean target projections are based on 29 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Micron Technology (NASDAQ:MU) high price target of $90 and with a conservative view have low price target of $21.
BMO Capital “Upgrades” Micron Technology (NASDAQ:MU) in a research note issued to investors on 1/07/19 to Outperform with price target of $50.
Additionally on 12/19/18 Deutsche Bank “Maintained” Micron Technology (NASDAQ:MU) to Buy setting price target at $48 and on 12/19/18 RBC Capital “Downgrades” the stock to Sector Perform at $40. Furthermore on 12/19/18 MKM Partners “Maintained” the stock to Buy at $44.
On the other hand the company has Relative Strength Index (RSI 14) of 54.34 along with Average True Range (ATR 14) of 1.87, Consequently Micron Technology (NASDAQ:MU)’s weekly and monthly volatility is 4.33%, 4.83% respectively. The company’s beta value is at 1.76.
In terms of Buy, Sell or Hold recommendations, Micron Technology (NASDAQ:MU) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Micron Technology (NASDAQ:MU)’s minimum EPS for the current quarter is at $1.67 and can go high up to $1.85. The consensus mean EPS for the current quarter is at $1.76 derived from a total of 27 estimates from the analysts who have weighed in on projected earnings. However the company reported $2.82 earnings per share for the same quarter during last year.
Previously Micron Technology (NASDAQ:MU) reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.01. The company posted an earnings surprise of 0.3%.
Micron Technology (NASDAQ:MU)’s revenue estimates for the current quarter are $5.98 Billion according to 29 number of analysts, for the current quarter the company has high revenue estimates of $6.08 Billion in contradiction of low revenue estimates of $5.5 Billion. For the current year the company’s revenue estimates are $25.74 Billion compared to low analyst estimates of $24.24 Billion and high estimates of $27.17 Billion according to 29 number of analysts.
Currently Micron Technology (NASDAQ:MU)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 80.2%. However the six-month change in the insider ownership was recorded -5.87%, as well as three-month change in the institutional ownership was recorded 0.37%.
Micron Technology (NASDAQ:MU)’s trailing twelve month revenues are $31.5 Billion, whereas its price to sales ratio for the same period is 1.26. Its book value per share for the most recent quarter is $29.89 while its price to book ratio for the same period is 1.19, as for as the company’s cash per share for the most recent quarter is $4.95, however its price to cash per share ratio for the same period is 7.15. The stock has 5 year expected PEG ratio of 0.12 whereas its trailing twelve month P/E ratio is 2.95.