Micron Technology, Inc. (NASDAQ:MU) runs in leading trade, it are increasing 0.06% to traded at $16.94. MU attains analyst recommendation of 2.30 on scale of 1-5 with week’s performance of -1.34%.At some point in Micron Technology’s (NASDAQ:MU) third-quarter conference call in June, the firm’s outlook was guarded. Micron recognized that spot prices for its memory chips had started to improve, but it didn’t want to count its chickens before they hatched. Those higher spot prices hadn’t flowed through to contract prices at that time.
At the Citi Global Technology Conference earlier this month, Micron appeared more optimistic. The firm reported that it expects its income and gross margin to be at or near the upper end of its guidance for the fourth quarter, driven by average selling price (ASP) improvements in the spot market and select contract markets.
To find out the technical position of MU, it holds price to book ratio of 1.44 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 27.04, and price to earnings ratio calculated as 55.15. The price to earnings growth ration calculated as 55.15. MU is presenting price to cash flow of 3.66.
EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -2.50%, and looking further price to next year’s EPS is 1240.00%. While take a short look on price to sales ratio, that was 1.43 and price to earning ration of 55.15 attracting passive investors.
Tableau Software, Inc. (NYSE:DATA) kept active in under and overvalue discussion, DATA holds price to book ratio of 5.54 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, DATA has forward price to earnings ratio of 107.74. The co is presenting price to cash flow as 4.98 and while calculating price to free cash flow it concluded at 44.86, the low single digit may indicate stock is undervalued and vise 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 2.83% for a week and 2.52% for a month. Its beta stands at 0.78 times. Narrow down four to firm performance, its weekly performance was -5.07% and monthly performance was 1.37%.