We're taking a closer look at Micron Technology today, as the chatter surrounding the stock has increased notably in the last few weeks. Today, its shares moved 0.6% compared to 0.0% for the S&P 500. Increased investor interest and volatility surrounding the stock are not reason enough to buy in -- you should first perform your own due diligence. Here are some figures that can get you started:
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Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide.
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Micron Technology has moved 31.0% over the last year compared to 14.0% for the S&P 500 -- a difference of 17.0%
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MU has an average analyst rating of buy and is -2.1% away from its mean target price of $78.83 per share
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Its trailing 12 month earnings per share (EPS) is $-5.34
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Micron Technology has a trailing 12 month Price to Earnings (P/E) ratio of -14.5 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $5.42 and its forward P/E ratio is 14.2
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MU has a Price to Earnings Growth (PEG) ratio of 18.65, which shows the company is potentially overvalued when we factor growth into the price to earnings calculus.
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The company has a Price to Book (P/B) ratio of 1.92 in contrast to the S&P 500's average ratio of 2.95
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Micron Technology is part of the Technology sector, which has an average P/E ratio of 27.16 and an average P/B of 6.23
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Micron Technology has on average reported free cash flows of $1.91 Billion over the last four years, during which time they have grown by an an average of -18.4%