Micron Technology, Inc. (NASDAQ:MU) shows upbeat performance moving up 5.15% to trade at $46.53 in active leading trade session. The firm has week’s performance of 6.97%as it receives analyst recommendation of 1.80 on scale of 1-5.
To find out the technical position of Micron Technology, Inc. (NASDAQ:MU), it holds price to book ratio of 2.34 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. For value investors, P/B lingers a tried and tested method for finding low-priced stocks that the market has ignored. If a firm is trading for less than its book value or has a P/B less than one, it normally tells investors one of two things: either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets. It has forward price to earnings ratio of 5.41, and price to earnings ratio calculated as 7.33. The price to earnings growth ration calculated as 0.27. MU is presenting price to cash flow of 8.55 and free cash flow concluded as 10.10.
EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 102.20%, and looking further price to next year’s EPS is -14.31%. While take a short look on price to sales ratio, that was 2.28 and price to earning ration of 7.33 attracting passive investors.
Earnings Technical Analysis
Micron Technology, Inc. (NASDAQ:MU) has price to earnings growth of 0.27, which is a valuation metric for determining relative trade-off among price of a stock. For trailing twelve months, MU attains gross profit margin of 48.20% and operating margin stands at 36.20% that is showing consistency of trends in firm’s earnings. While to figure out more clear vision, firm’s returns on investment calculated as 19.20%; it gives answer about efficiency of different investments in different securities. The returns on assets of Micron Technology, Inc. (NASDAQ:MU) also presenting perceptible condition of profitability, it has ROA of 22.00%, the very positive ratio starts from >+15% and very negative hits to <-15%.
The firm has noticeable volatility credentials; price volatility of stock was 3.15% for a week and 4.29% for a month. The performance of Micron Technology, Inc. (NASDAQ:MU) for the quarter recorded as -5.81% and for year stands at 98.17%, while the YTD performance was 13.16%. The co attains 1.82 for Average True Range for 14 days. The stock price of MU is moving up from its 20 days moving average with 8.96% and isolated positively from 50 days moving average with 7.82%.
