For its second fiscal quarter (ending February 28), Micron Technology Inc. (NASDAQ: MU) has reported E.P.S. of $0.72 compared to $-2.12 a year ago. For the latest four quarters through February 28, E.P.S. were $-3.44 compared to $1.42 a year ago.
Recent Price Action
Micron Technology Inc. (NASDAQ: MU) stock enjoyed a large increase of 2.4% on 3/20/24. The stock closed at $96.25. Moreover, this advance was accompanied by exceptionally high trading volume at 233% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MU is expected to continue to be a major Value Builder.
Micron Technology has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Micron Technology has a slightly negative Appreciation Score of 40 but a very high Power Rating of 93, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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