Should You Invest in Micron Technology, Inc. (MU)?


The MU stock price fluctuated between $75.95 and $77.12 throughout the trading session with the volume trading being 14M shares, which represented a negative variation when compared to the three months average volume of 19M shares.

The share price of Micron Technology, Inc. (NasdaqGS:MU) ran up 2.03% to close Thursday’s market session at $77.08, higher as compared to yesterday’s close which brings the market valuation of the company to $86.44B.

The 52-week high for the Micron Technology, Inc.’s shares is $96.96. That puts it -20.5% from that peak but still a more than 100% gain since the share price dropped to a 52-week low of $42.25, while the S&P 500’s share price change was of 35%.

The company currently has a 27.41 P/E ratio and a price target of $118.63.

What does the trading volume tell us about the MU stock?

During the last trading session, Micron Technology, Inc. (NasdaqGS:MU) has seen decay in its daily volume. The daily volume was of 19M, while in the last 10 days the average was 16.07M and last three months – 18.94M.
The decreasing interest in the MU stock from the investors is helping to drive the stock price down.

Growing short interest

The Micron Technology, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 22.9M shares being shorted which translates into 1.27 of a short ratio for MU, while in the previous month the shorted shares were 21.39M.

Micron Technology, Inc. (NasdaqGS:MU) financials

With a market cap of 86.44B, Micron Technology, Inc. holds a total cash of $7.18B that translates into $6.41 per share, while the total debt is of $7.21B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 30.00%. The current revenue is of $23.5B that is $21.09 per share.
This is a great sign for a bright future.