Micron Technology, Inc. (NASDAQ:MU) expects to produce revenue of $4.8 billion, plus or minus $200 million, in the third quarter. That’s down a whopping 38.5% year over year. Multiple factors are conspiring to drive down Micron’s revenue, including slumping chip prices, elevated customer inventory levels, weakening demand from server and enterprise customers, CPU shortages, and uncertainty driven by macroeconomic developments. In the second quarter, Micron saw average selling prices for both DRAM and NAND chips crash more than 20% from the first quarter. Those low prices helped spur a small increase in NAND sales volume, but DRAM sales volume still tumbled by more than 10%.
Technical Stock Analysis
Micron Technology, Inc. (NASDAQ:MU), a Technology sector firm, traded 38.67 Million shares in last trading session and stock declined -2.64% with closing price of $33.25 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and Micron Technology, Inc. (NASDAQ:MU)’s gross margin stands at 57.90%.
Investment Worthy Stock or not?
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a Micron Technology, Inc. (NASDAQ:MU)’s profitability or to compare the efficiency of different investments, hence, MU return on investment (ROI) is 38.60%.
52-Week Range are valuable stats for watching Micron Technology, Inc. (NASDAQ:MU)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. Micron Technology, Inc. (NASDAQ:MU)’s stock value has moved between $28.42 – 61.57 in last one year.
Analysts mean target price for Micron Technology, Inc. (NASDAQ:MU) is $44.86 while analysts mean recommendation is 2.50.
Its weekly performance is 1.81% while year to date (YTD) performance is 4.79%.
Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. Micron Technology, Inc. (NASDAQ:MU)’s EPS growth this year is 157.60%. For best decision making investors should look at Micron Technology, Inc. (NASDAQ:MU)’s EPS growth for next year stands at -39.03%.