Micron Technology, Inc. (MU) Stock: Seeing Declines In Today’s Session

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Micron Technology, Inc. (MU) is making a move down in the market today. The stock, focused in the tech space, is presently priced at $32.96 after a move down of -5.40% so far today. As it relates to tech stocks, there are a number of factors that have the potential to cause price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines associated with MU:

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Jun-12-19 06:25PM When To Buy Growth Stocks: Micron, Salesforce Formed This Pattern For Big Profits
04:37PM Why Micron Technology, Hooker Furniture, and Nabors Industries Slumped Today
01:30PM Micron Earnings Will Tumble Because Chip Prices Have Further to Fall, Analyst Says
07:08AM Should Long-Term Investors Temper Immediate Bearishness In Intel Stock?
Jun-11-19 07:30PM Micron (MU) Earnings & Sales Projected to Tumble Amid Semiconductor Market Decline

Nonetheless, any time investors are making a decision to invest, prospective investors should look into far more than news, this is especially the case in the ever changing tech space. Here’s what’s going on with Micron Technology, Inc..

Recent Movement From MU

While a decline in a single session, like the move that we’re seeing from Micron Technology, Inc. might cause fear in some investors, a single session fall by itself should not be the basis of a decision to, or not to, invest in a company. It’s generally important to dig into trends further out than a single trading day. As it relates to MU, here are the movements that we have seen:

  • Past 7 Days – In the last 5 trading sessions, MU has generated a price change that amounts to -1.14%.
  • Monthly – The ROI from Micron Technology, Inc. in the past 30 days comes to -11.82%.
  • Quarterly – Throughout the past 3 months, the company has produced a return that works out to -15.12%
  • Past Six Months – Throughout the past 6 months, we’ve seen a change that amounts to -5.29% from the company.
  • YTD – Since the the last trading session of last year MU has resulted in a ROI of 3.88%.
  • Annually – Finally, over the last full year, investors have seen performance that comes to -46.31% from MU. In this period, the stock has sold at a high price of -46.71% and a low price of 16.10%.

Ratios To Pay Attention To

Digging into various key ratios associated with a company can provide investors an understanding of just how dangerous and/or rewarding a pick might be. Here are a few of the important ratios to look at when looking at MU.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the price of the stock is going to go down. In general, strong technology stocks tend to come with a lower short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, as it relates to Micron Technology, Inc., it’s short ratio clocks in at 1.44.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts as they mature with only quick assets or current assets. In the tech space, companies are heavily reliant on continued support from investors as they work to bring new technologies to market, these ratios can look bad. However, some good picks in the technology industry come with good quick and current ratios. As far as MU, the quick and current ratios work out to 1.70 and 2.20 respectively.  

Book To Share Value – The book to share value compares the current book value of assets currently owned by the company to the share price of the stock. In this case, that ratio equates to 31.03.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value is 6.76.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MU, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutional investors own 81.00% of MU. On the other hand, it is important to consider that the ownership held by institutions has moved in the amount of 1.14% throughout the last 3 months.
  • Investors On The Inside – with regard to insiders, insiders of the company currently hold 0.10% of the company. Insider ownership of the company has seen a move of -4.78% over the past quarter.

What Analysts Think About Micron Technology, Inc.

While it’s never a good idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own thoughts when it comes to making investment decisions in the technology sector. Below are the recent moves that we have seen from analysts with regard to MU.

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Apr-16-19 Initiated Nomura Neutral $45
Apr-08-19 Downgrade Cowen Outperform → Market Perform $46 → $45
Apr-04-19 Downgrade Morgan Stanley Equal-Weight → Underweight $32
Mar-28-19 Resumed RBC Capital Mkts Outperform $50
Mar-21-19 Downgrade Citigroup Neutral → Sell $35 → $30

Earnings

What have ween seen from MU in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands at the moment, analysts are expecting that MU will create EPS of 4.16, with 0.82 being reported in the earnings report for the current quarter. Although this information isn’t based on earnings, since we are talking about analysts, Micron Technology, Inc. is currently graded as a 2.50 on a scale from 1 to 5 on which 1 is the worst possible analyst grade and 5 is the best rating.
  • 5-Year Sales – Over the last half decade, Micron Technology, Inc. has created a change in sales in the amount of 27.30%. Earnings per diluted share through the last 5 years have experienced movement in the amount of 58.80%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly represented in today’s society, MU has generated a change in earnings that amounts to -49.40%. Micron Technology, Inc. has also experienced a change when it comes to sales volume that adds up to -20.60%.

What’s The Float Looking Like?

Investors and traders tend to like to know the total numbers of shares both outstanding and available. As far as Micron Technology, Inc., currently there are 1.11B with a float of 1.10B. This means that of the total of 1.11B shares of MU in existence today, 1.10B are available to trade hands in the public space.

It’s also important to look at the short float. Think about it, if a large portion of the float available for trading is shorted, the overall opinion among investors is that the equity is going to fall. When it comes to MU, the percentage of the float that is currently being sold short sits at 3.41%. Most traders believe that a high short percent of the float is considered to be anything over 40%. Nonetheless, I’ve calculated that a short percent of the float over 26% is probably going to be a play that comes with hefty risk.

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