Micron Technology, Inc. (NASDAQ:MU): A worthy Investment or not?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Micron Technology, Inc. (NASDAQ:MU) for the period of 9-Day stands at 91.41% while the stochastic %D for the same period stands at 85.9%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Micron Technology, Inc. (NASDAQ:MU) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Micron Technology, Inc. (NASDAQ:MU) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indictor of a certain security, currently Micron Technology, Inc. (NASDAQ:MU)’s 20-Day Bollinger Band indicates “Buy”.

Previous Day Activity Analysis

On the last trading day, Micron Technology, Inc. (NASDAQ:MU) opened the session at $32.9 and after going up 3.05% closed at $33.44. The stock gained 0.54 points in the last trade.

Micron Technology, Inc. (NASDAQ:MU)’s stock fluctuated in the range of $32.81 and $33.44 during the previous active session. Micron Technology, Inc. (NASDAQ:MU) traded with the volume of 30.86 Million with average volume of 28.86 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 1.77 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.84 and 66.63 respectively.

Currently the Insider Ownership of the shares of Micron Technology, Inc. (NASDAQ:MU) is at 0.2% and the shares outstanding are 1.13 Billion.

Important Ratio Analysis

Some important ratios to consider here for Micron Technology, Inc. (NASDAQ:MU) are discussed below:

Dividend yield of Micron Technology, Inc. (NASDAQ:MU) stands at 0% whereas Price to Earnings P/E ratio stands at 15.4 while Forward P/E shows the value of 5.45.

The PEG ratio (Price to Earning to Growth) emits the value of 15.4. The Price to Sale P/S and Price to Book P/B shows the value of 2.16 and 2.29 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 8.69 and 82.92 correspondingly.

The Quick Ratio of Micron Technology, Inc. (NASDAQ:MU) stands at 1.5 while the Current Ratio depicts the value of 2.1.

Return on Assets ROA of Micron Technology, Inc. (NASDAQ:MU) is at 8.4% whereas, Return on Equity ROE and Return of Investment ROI of Micron Technology, Inc. (NASDAQ:MU) stand at 18.6% and 0.7% respectively.

The payout ratio of Micron Technology, Inc. (NASDAQ:MU) stands at 0%.

Stock Performance Analysis

The stock performance of Micron Technology, Inc. (NASDAQ:MU) on the basis of 5 day trade show the jump of 2.58% whereas, the monthly performance of the stock shows increase of 21.64%.

The quarterly performance of the stock remained in green zone with the value of 7.18% while six month performance of the shares of Micron Technology, Inc. (NASDAQ:MU) remained bullish with the count of 30.12%.

The yearly and YTD performance of Micron Technology, Inc. (NASDAQ:MU) remained up at 98.93% and 52.55% respectively.