Micron Technology (NASDAQ:MU)- Stocks Taking Toll on Investment Valuation: Western Digital (NASDAQ:WDC)

Micron Technology, Inc. (NASDAQ:MU) runs in leading trade, it Dropping -2.11% to traded at $22.31. MU attains analyst recommendation of 2 on scale of 1-5 with week’s performance of 1.92%. ¬†Micron Technology, Inc. (MU) will host its annual meeting of shareholders at 9 a.m. MST on Wednesday, January 18 at is Boise, Idaho corporate headquarters.

To find out the technical position of MU, it holds price to book ratio of 1.92 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 8.24. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -110.80%, and looking further price to next year’s EPS is 13.51%. While take a short look on price to sales ratio, that was 1.83.

Western Digital Corporation (NASDAQ:WDC) kept active in under and overvalue discussion, WDC holds price to book ratio of 1.89 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation.

Fundament/ News Factor in Focus

Taking look on ratio analysis, WDC has forward price to earnings ratio of 8.58. The co is presenting price to cash flow as 4.73 and while calculating price to free cash flow it concluded at 26.55, the low single digit may indicate stock is undervalued and vice versa. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower.

The firm has price volatility of 2.42% for a week and 2.68% for a month. Its beta stands at 1.45 times. Narrow down four to firm performance, its weekly performance was 1.29% and monthly performance was 6.28%.

 

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