Stocks Defying Gravity: Micron Technology, Inc. (NASDAQ:MU), Accenture plc (NYSE:ACN)

Micron Technology, Inc. (NASDAQ:MU) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 12.68% to $23.19. . The share price of MU attracts active investors, as stock price of week volatility recorded 2.63%. The stock is going forward to its 52-week low with 149.09% and lagging behind from its 52-week high price with 10.43%.

Boise, Idaho-based dynamic random access memory (DRAM) chip manufacturing leader Micron Technology Inc. (MU) posted fiscal 2017 first quarter results on Wednesday after market close. Shares are up about 12.5% in pre-market trading Thursday at a price of $20.58. The U.S. chipmaker posted its first quarterly income growth in approximately two years, while also beating consensus estimates for non-GAAP​ earnings.

In a conference call, Micron Chief Executive Mark Durcan indicated favorable supply-demand dynamics in the DRAM chip market to continue to persist into 2017. Earlier this month, the firm upped its 2017 guidance based on improved pricing and a sustained supply shortage in the DRAM chip market, in which the firm is a leader. DRAM chips accounted for about 60% of Micron’s overall sales in the most recent quarter.

Furthermore, it has price to sale ratio of 1.73 that signifies the value placed on each dollar of a firm’s sales or incomes. The firm’s price to book was 1.77, which can be compared with current price to get idea about under or overvalue of stock. Forward Price to Earnings ratio of MU attains value of 9.84 that is projecting or estimating EPS for the next 12-months and its follow by traders who believe on anticipates of a firm’s future rather than past performance.

To have technical views, liquidity ratio of a company calculated as 2.00 to match up with its debt to equity ratio of 0.82. The float short ration was 6.12%; as compared to Short Ratio were 2.29. The firm has institutional ownership of 87.90%, while insider ownership included 0.40%. MU attains analyst recommendation of 2.20 with week’s performance of 2.80%.

Under investment valuation analysis, Accenture plc (NYSE:ACN) presented as an active mover, it has floated short ration of 2.60%, hold to candle to sentiment indicator of Short Ratio, which was 5.77. Shares eased down -0.09% to trade at $117.79 in most recent trading session.

Ratio Analysis

Entering into ratio analysis, ACN has noticeable price to earnings growth ratio of 1.75, which find it more attractive on the other stock that has lower PEG and vice versa. The firm price to earnings ratio calculated as 18.28. The co stands at price to sale ratio of 2.22 that signifies the value placed on each dollar of a firm’s sales or incomes; it is most relevant ratio to compare companies in similar sector. It has price to book ratio of 9.71, which gauges the market price of a share over its book value.

The firm has price volatility of 1.59% for a week and 1.47% for a month. Narrow down focus to firm performance, its weekly performance was -4.65% and monthly performance was -1.49%. The stock price of ACN is moving down from its 20 days moving average with -2.86% and isolated negatively from 50 days moving average with -0.88%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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