MU Slips -1.9% on Low Volume – Is Micron Technology Losing Momentum?

By Ken Smith • Tuesday, July 18 12:16 • Permanent Link

Micron Technology logged a -1.9% change during today's afternoon session, and is now trading at a price of $63.9 per share. MU's trading volume is 4,653,693 compared to the stock's average volume of 17,343,626.

Micron Technology trades -14.56% away from its average analyst target price of $74.79 per share. The 29 analysts following the stock have set target prices ranging from $42.43 to $100.0, and on average have given Micron Technology a rating of buy.

If you are considering an investment in MU, you'll want to know the following:

Micron Technology's current price is 30.0% above its Graham number of $49.16, which implies that at its current valuation it does not offer a margin of safety
Based on its trailing earnings per share of -2.64, Micron Technology has a trailing 12 month Price to Earnings (P/E) ratio of -24.2 while the S&P 500 average is 15.97
MU has a forward P/E ratio of -62.0 based on its forward 12 month price to earnings (EPS) of $-1.03 per share
The company has a price to earnings growth (PEG) ratio of 0.92 — a number near or below 1 signifying that Micron Technology is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 1.54 compared to its sector average of 6.23
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide.
Based in Boise, the company has 48,000 full time employees and a market cap of $69.99 Billion. Micron Technology currently returns an annual dividend yield of 0.7%.

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.