After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Micron Collaborates with Samsung on Galaxy S24 Series to Unlock the Era of Mobile AI Experiences.
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Stocks Info
The company is listed on the NASDAQ and operates within the Semiconductors industry segment. The current market capitalization of Micron Technology Inc. is $105.72B. A total of 20.89 million shares were traded on the day, compared to an average of 14.87M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MU has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 83 BUYs and 116 SELLs from insiders. Insiders purchased 1,233,793 shares during that period but sold 1,014,921.
In the most recent transaction, MEHROTRA SANJAY sold 7,000 shares of MU for 91.54 per share on Feb 27. After the transaction, the CEO and President now owns 788,557 company shares. In a previous transaction on Feb 21, MEHROTRA SANJAY sold 7,000 shares at 80.44 per share. MU shares that CEO and President owns now total 788,557.
Among the insiders who sold shares, MEHROTRA SANJAY disposed of 7,000 shares on Feb 13 at a per-share price of $82.03. This resulted in the CEO and President holding 788,557 shares of MU after the transaction. In another insider transaction, MEHROTRA SANJAY sold 7,000 shares at $84.84 per share on Feb 06. Company shares held by the CEO and President now total 788,557.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. MU’s most recent ex-dividend date was 12/29/2023 when it declared a $0.1150 quarterly dividend that was paid in cash on 1/18/2024. Previously, the company paid the dividend on 10/25/2023 with an ex-dividend date of 10/6/2023. The MU stock dividend was $0.1150 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MU has a high of $96.06 and a low of $52.76.
As of this writing, MU has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.29. The company reported an EPS of -$1.07 in the last quarter, which was 9.30% higher than expectations of -$1.18.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MU’s latest balance sheet shows that the firm has $8.63B in Cash & Short Term Investments as of fiscal 2021. There were $7.28B in debt and $6.42B in liabilities at the time. Its Book Value Per Share was $38.85, while its Total Shareholder’s Equity was $43.93B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MU is Buy with a score of 4.67.
