Micron Technology Inc. (NASDAQ: MU) has reported E.P.S. of $0.80 for its fourth fiscal quarter (ending August 31) versus $-1.31 for the same period a year ago. For the latest four quarters through August 31, E.P.S. were $0.70 versus $-5.34 for the same period a year ago.
Recent Price Action
On 9/25/24, Micron Technology Inc. (NASDAQ: MU) stock increased 1.9%, closing at $95.77. Moreover, this advance was accompanied by exceptionally high trading volume at 221% of normal. Relative to the market the stock has been strong over the last nine months and has risen 7.9% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Micron Technology has a slightly negative Appreciation Score of 40 but a good Power Rating of 83, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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