Following previous ticker characteristics, Micron Technology, Inc. (NASDAQ:MU) also run on active notice, stock price crashed down -1.49% after traded at $16.49 in most recent trading session.
Deutsche Bank raised its estimates and price target on its Buy-rated Micron Technology (MU), citing improving market conditions in the DRAM market and company’s better execution on its product roadmaps. The brokerage expects the positive momentum to continue in the fourth quarter and believes the ongoing supply tightness will moderate the seasonal softness for DRAM pricing in the first half of 2017.
MU has price to earnings ratio of 53.71 and the price to current year EPS stands at -2.50%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 966.70%. Moving toward ratio analysis, it has current ratio of 2.20 and quick ratio was calculated as 1.60. The debt to equity ratio appeared as 0.79 for seeing its liquidity position.
Taking notice on volatility measures, price volatility of stock was 3.60% for a week and 3.18% for a month. The price volatility’s Average True Range for 14 days was 0.57. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.30 out of 1-5 scale with week’s performance of 6.32%. MU’s institutional ownership was registered as 86.10%, while insider ownership was 0.10%.
Cree, Inc. (NASDAQ:CREE) persists its position slightly strong in context of buying side, while shares price dropped -0.66% during latest trading session as, Cree (NASDAQ:CREE) announced its quarterly earnings results. The LED producer reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.01. The business earned $388.40 million during the quarter, compared to analysts’ expectations of $385.83 million. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) earnings per share. On average, analysts forecast that Cree will post $0.56 EPS for the current fiscal year.
Narrow down focus to other ratios, the co has current ratio of 5.20 that indicates if CREE lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 3.80, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.07, sometimes its remain same with long term debt to equity ratio.