Is Micron (MU) Stock Undervalued Right Now? 10:50 am ET July 23, 2020 (Zacks) Print While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. One stock to keep an eye on is Micron (MU). MU is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock holds a P/E ratio of 13.24, while its industry has an average P/E of 13.63. Over the last 12 months, MU's Forward P/E has been as high as 19.30 and as low as 7.27, with a median of 15.63. We also note that MU holds a PEG ratio of 1.29. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MU's PEG compares to its industry's average PEG of 1.33. Over the last 12 months, MU's PEG has been as high as 1.50 and as low as 0.90, with a median of 1.35. These are only a few of the key metrics included in Micron's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, MU looks like an impressive value stock at the moment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
MU making a run at resistance. Monthly chart to see the ATH from 2000. Daily chart with Fib retracement. Retraced half of the move from March to June before starting this run.
Micron Technology Inc. Stock Rises Wednesday, Outperforms Market 5:10 pm ET February 9, 2022 (MarketWatch) This article was automatically generated by MarketWatch using technology from Automated Insights. Shares of Micron Technology Inc. (MU) rallied 4.76% to $88.12 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.45% to 4,587.18 and the Dow Jones Industrial Average rising 0.86% to 35,768.06. This was the stock's second consecutive day of gains. Micron Technology Inc. closed $10.33 below its 52-week high ($98.45), which the company achieved on January 5th. The stock outperformed some of its competitors Wednesday, as Intel Corp. (INTC) rose 2.25% to $49.91, STMicroelectronics N.V. (STM.FR) rose 4.18% to $47.33, and Western Digital Corp. (WDC) rose 4.03% to $54.48. Trading volume (22.0 M) eclipsed its 50-day average volume of 20.7 M. Data source: Dow Jones Market Data, FactSet. Data compiled February 9, 2022. -MarketWatch Automation Dow Jones Newswires February 09, 2022 17:10 ET (22:10 GMT) Copyright (c) 2022 Dow Jones & Company, Inc.
While SK Hynix seems to be leading the field of SSD manufacturers with their massive layer count advances, there are rumors floating around SK Hynix yields aren't ideal and they generate a lot of heat. Apparently, Micron is doing better with their evolution of a last generation process. I'm no expert on SSD, to say the least. I'm also no expert on this rumor. It could be BS like nearly every other rumor. I just know we are starting to see single chip, 1TB, SSD. That is an amazing step forward. A company that can create a single part has a big advantage over a company that uses multiple parts. Of course, they are all using chiplets so they are somewhat cheating on the single part SSD. Whatever the case, I will be watching Micron for the next 6 months, at least.
