During the afternoon session, Micron Technology fell -3.15%, compared to 0.54% for the S&P 500.
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. The company is now trading -14.73% away from its average analyst target price of $65.13 per share. The 31 analysts following the stock have set target prices ranging from $45.0 to $100.0, and on average give Micron Technology a rating of buy.
Over the last year, MU shares have gone down by -38.06%, which represents a difference of -28.62% when compared to the S&P 500. The stock's 52 week high is $86.75 per share and its 52 week low is $48.24. With its gross margins declining an average -2.47% over the last four years, and with revenues stagnating, Micron Technology may not have a strong enough business to reverse this trend.
| Date Reported | Revenue (k) | Cost of Revenue (k) | Gross Margin | YoY Growth |
|---|---|---|---|---|
| 2022-09-01 | $30,758,000 | $16,860,000 | 45.18% | 19.4% |
| 2021-09-02 | $27,545,000 | $18,815,000 | 37.84% | 22.94% |
| 2020-09-03 | $21,284,000 | $16,042,000 | 30.78% | -34.34% |
| 2019-08-29 | $22,830,000 | $13,511,000 | 46.88% | -20.37% |
| 2018-08-30 | $30,391,000 | $12,500,000 | 58.87% | n/a |
