Some Facts on Micron Technology Shares

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.