Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Micron Technology Inc before investing.

In this article, we go over a few key elements for understanding Micron Technology Inc’s stock price such as:

• Micron Technology Inc’s current stock price and volume
• Why Micron Technology Inc’s stock price changed recently
• Upgrades and downgrades for MU from analysts
• MU’s stock price momentum as measured by its relative strength

About Micron Technology Inc (MU)

Before we jump into Micron Technology Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Micron Technology, Inc. is a provider of memory and storage solutions. The Company offers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company’s segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment includes memory and storage products sold into smartphone and other mobile-device markets. The EBU segment includes memory and storage products and solutions sold into automotive, industrial, and consumer markets. The SBU segment includes SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. It sells its products into various markets through its business units in numerous forms.

Want to learn more about Micron Technology Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Micron Technology Inc.

Micron Technology Inc’s Stock Price as of Market Close

As of May 06, 2024, 4:00 PM, CST, Micron Technology Inc’s stock price was $120.13.

Micron Technology Inc is up 4.73% from its previous closing price of $114.70.

During the last market session, Micron Technology Inc’s stock traded between $113.45 and $115.48. Currently, there are 1,104.00 million shares of Micron Technology Inc stock available for purchase.

Unfortunately, Micron Technology Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Micron Technology Inc Stock Price History

Micron Technology Inc’s (MU) price is currently up 6.35% so far this month.

During the month of May, Micron Technology Inc’s stock price has reached a high of $121.37 and a low of $108.75.

Over the last year, Micron Technology Inc has hit prices as high as $130.54 and as low as $59.55. Year to date, Micron Technology Inc’s stock is up 140.36%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Micron Technology Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 03, 2024, there were 0 analysts who downgraded Micron Technology Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Micron Technology Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Micron Technology Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Micron Technology Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Micron Technology Inc (MU) by visiting AAII Stock Evaluator.

Relative Price Strength of Micron Technology Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 03, 2024, Micron Technology Inc has a weighted four-quarter relative price strength of 14.25%, which translates to a Momentum Score of 89 and is considered to be Very Strong.

Want to learn more about how Micron Technology Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Micron Technology Inc Stock Price: Bottom Line

As of May 6, 2024, Micron Technology Inc’s stock price is $120.13, which is up 4.73% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Micron Technology Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.