Micron Technology, Inc. (MU) is an interesting player in the Technology space, with a focus on Semiconductor- Memory Chips. The stock has been active on the tape, currently trading at $61.39, up from yesterday’s close by 2.95%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Micron Technology, Inc. (MU) currently trades with a market capitalization of $68.91 Billion. That value represents a market adjusting for revenues that have been growing by 58.15 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $7.08 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $3.12 on a per share basis this quarter. Perhaps, that suggests something about why 1.23% of the outstanding share supply is held by institutional investors.
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Micron Technology, Inc. recorded a 52-week high of $64.66. It is now trading 3.27% off that level. The stock is trading $53.11 its 50-day moving average by -8.28%. The stock carved out a 52-week low down at $26.85.
In recent action, Micron Technology, Inc. (MU) has made a move of +16.58% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.91% with $1.11 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MU.