In the past 52-week period, shares of Micron Technology, Inc. (NASDAQ:MU) have moved within the range of $21.49 to $49.89. On the stock’s most recent trading day, the company’s shares ended the regular session at $42.25, which is 15.31% lower than its 52-week high.
Micron Technology, Inc. (MU) has demonstrated a 20-day simple moving average (SMA) of -2.51%, and a 50-day SMA of -3.19%. This public company’s current market capitalization stands at $49.23 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for Micron Technology, Inc. (MU) is Outperform.
Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Nov. 2017, Micron Technology, Inc. (MU) delivered a 5.81% surprise with its net revenue. Sales reached $6.8 billion during the three-month period, compared to the average analyst estimate of $6.43 billion.
Meanwhile, during the same quarter Micron Technology, Inc. (MU) delivered a 10.81% earnings surprise. Net earnings for the quarter were posted at $2.45 per share, whereas Wall Street had forecast $2.21 per share.
Ownership at Micron Technology, Inc. (MU), According to Most Recent SEC Filings
A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. Micron Technology, Inc. (MU) has 0 billion shares outstanding currently, 82.35% of which belong to institutional investors. Those institutional holdings amount to $42.01 billion.
Additionally, according to the most recent 13F filing from Micron Technology, Inc. (MU), there were 122 new positions totaling 19,538,309 shares of the company’s stock. There were 61 sold out positions, on the other hand, totaling 12,837,099 shares.
Short, Medium and Long Term Indicators
Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. Micron Technology, Inc. (MU) has had a 20-day average volume of 48,666,398 shares, with an average of 80% of short term indicators pointed at Sell.
The stock’s 50-day average volume has been 38,577,063 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 35,159,102 shares with 67% of long-term indicators pointing to Buy.