Micron Technology Stock Probability of Future Stock Price Finishing Under 57.75

MU Stock  USD 119.25  0.45  0.38%   
Micron Technology's implied volatility is one of the determining factors in the pricing options written on Micron Technology. Implied volatility approximates the future value of Micron Technology based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Micron Technology over a specific time period. For example, 2024-03-28 CALL at $119.0 is a CALL option contract on Micron Technology's common stock with a strick price of 119.0 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:59:55 for $1.03 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.94, and an ask price of $1.05. The implied volatility as of the 28th of March is 36.08. View All Micron options

Closest to current price Micron long CALL Option Payoff at Expiration

Micron Technology's future price is the expected price of Micron Technology instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Micron Technology performance during a given time horizon utilizing its historical volatility. Check out Micron Technology Backtesting, Micron Technology Valuation, Micron Technology Correlation, Micron Technology Hype Analysis, Micron Technology Volatility, Micron Technology History as well as Micron Technology Performance.
For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.
  
At this time, Micron Technology's Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 2.34 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (14.31). Please specify Micron Technology's target price for which you would like Micron Technology odds to be computed.

Micron Technology Target Price Odds to finish below 57.75

The tendency of Micron Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 57.75  or more in 90 days
 119.25 90 days 57.75 
near 1
Based on a normal probability distribution, the odds of Micron Technology to drop to $ 57.75  or more in 90 days from now is near 1 (This Micron Technology probability density function shows the probability of Micron Stock to fall within a particular range of prices over 90 days) . Probability of Micron Technology price to stay between $ 57.75  and its current price of $119.25 at the end of the 90-day period is close to 99 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.52 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Micron Technology will likely underperform. Additionally Micron Technology has an alpha of 0.3445, implying that it can generate a 0.34 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Micron Technology Price Density   
       Price  

Predictive Modules for Micron Technology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Micron Technology. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Micron Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
117.21120.06122.91
Details
Intrinsic
Valuation
LowRealHigh
94.9297.77131.18
Details
Naive
Forecast
LowNextHigh
120.44123.29126.15
Details
38 Analysts
Consensus
LowTargetHigh
67.3273.9882.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Micron Technology. Your research has to be compared to or analyzed against Micron Technology's peers to derive any actionable benefits. When done correctly, Micron Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Micron Technology.

Micron Technology Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Micron Technology is not an exception. The market had few large corrections towards the Micron Technology's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Micron Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Micron Technology within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.34
β
Beta against NYSE Composite1.52
σ
Overall volatility
8.78
Ir
Information ratio 0.15

Micron Technology Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Micron Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Micron Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The company generated the yearly revenue of 15.54 B. Annual Net Loss to common stockholders was (5.83 B) with gross Loss of (1.42 B).
Over 85.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: 20 Biggest Semiconductor Companies in the US

Micron Technology Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Micron Stock often depends not only on the future outlook of the current and potential Micron Technology's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Micron Technology's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding1.1 B
Cash And Short Term Investments9.6 B

Micron Technology Technical Analysis

Micron Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Micron Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Micron Technology. In general, you should focus on analyzing Micron Stock price patterns and their correlations with different microeconomic environments and drivers.

Micron Technology Predictive Forecast Models

Micron Technology's time-series forecasting models is one of many Micron Technology's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Micron Technology's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Micron Technology

Checking the ongoing alerts about Micron Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Micron Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company generated the yearly revenue of 15.54 B. Annual Net Loss to common stockholders was (5.83 B) with gross Loss of (1.42 B).
Over 85.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: 20 Biggest Semiconductor Companies in the US
When determining whether Micron Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Micron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Micron Technology Stock. Highlighted below are key reports to facilitate an investment decision about Micron Technology Stock:

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When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.
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Is Micron Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Micron Technology. If investors know Micron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Micron Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.43)
Dividend Share
0.46
Earnings Share
(3.45)
Revenue Per Share
16.67
Quarterly Revenue Growth
0.577
The market value of Micron Technology is measured differently than its book value, which is the value of Micron that is recorded on the company's balance sheet. Investors also form their own opinion of Micron Technology's value that differs from its market value or its book value, called intrinsic value, which is Micron Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Micron Technology's market value can be influenced by many factors that don't directly affect Micron Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Micron Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Micron Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Micron Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.