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4-Traders Homepage  >  Equities  >  Nasdaq  >  Micron Technology    MU

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Analysis summary4-Traders Strategies

David Meurisse

Contributor / Partner
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Volatility should make a big comeback

Strategy published on 07/17/2017 | 14:31
long trade
Stop-loss triggered
Entry price : 31.67$ | Target : 33.9$ | Stop-loss : 30.7$ | Potential : 7.04%
There has been very little movement in Micron Technology's share price. This situation is bound to change. An exit on the upside out of the current trading range should go with a comeback in volatility. Therefore, the timing for new long positions seems good.
Investors have an opportunity to buy the stock and target the $ 33.9.
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • The company is in a robust financial situation considering its net cash and margin position.
  • Historically, the company has been releasing figures that are above expectations.
  • Its low valuation, with P/E ratio at 7.89 and 5.65 for the ongoing fiscal year and 2018 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • The stock is in a well-established, long-term rising trend above the technical support level at 23.24 USD

Weaknesses
  • Technically, the stock approaches a strong medium-term resistance at USD 32.5.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Company
Manufactures and distributes advanced semiconductor solutions such as DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components and memory modulesMicron Technology, Inc. engages in the designing, and building memory and semiconductor technologies.It operates through the following... 
Sector
Semiconductors
Calendar
09/28Earnings Release
Financials ($)
Sales 2017 20 125 M
EBIT 2017 5 866 M
Net income 2017 4 742 M
Debt 2017 6 098 M
Yield 2017 0,37%
P/E ratio 2017 7,40
P/E ratio 2018 5,30
EV / Sales 2017 1,95x
EV / Sales 2018 1,54x
Capitalization 33 210 M
Chart MICRON TECHNOLOGY
Duration : Period : Day
Micron Technology Technical Analysis Chart | MU | US5951121038 | 4-Traders
Duration : Period : Week
Micron Technology Technical Analysis Chart | MU | US5951121038 | 4-Traders
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