Based on the key measurements obtained from Micron Technology's financial statements, Micron Technology may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Micron Technology's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 1.6 B in 2024, whereas Current Deferred Revenue is likely to drop slightly above 451.4 M in 2024. Key indicators impacting Micron Technology's financial strength include:
The financial analysis of Micron Technology is a critical element in measuring its lifeblood. Investors should not minimize Micron Technology's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Net Income
1.19 Billion
Micron
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Understanding current and past Micron Technology Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Micron Technology's financial statements are interrelated, with each one affecting the others. For example, an increase in Micron Technology's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Micron Technology's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Micron Technology. Check Micron Technology's Beneish M Score to see the likelihood of Micron Technology's management manipulating its earnings.
The reason investors look at the income statement is to determine what Micron Technology's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining Micron Technology's current stock value. Our valuation model uses many indicators to compare Micron Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Micron Technology competition to find correlations between indicators driving Micron Technology's intrinsic value. More Info.
Micron Technology is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.67 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Micron Technology is roughly 1.49 . At this time, Micron Technology's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Micron Technology by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Micron Technology Systematic Risk
Micron Technology's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Micron Technology volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Micron Technology correlated with the market. If Beta is less than 0 Micron Technology generally moves in the opposite direction as compared to the market. If Micron Technology Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Micron Technology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Micron Technology is generally in the same direction as the market. If Beta > 1 Micron Technology moves generally in the same direction as, but more than the movement of the benchmark.
Micron Technology Thematic Clasifications
Micron Technology is part of several thematic ideas from Semiconductor to Technology. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Micron Technology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Micron Technology's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Micron Technology growth as a starting point in their analysis.
Micron Technology November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Micron Technology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Micron Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Micron Technology based on widely used predictive technical indicators. In general, we focus on analyzing Micron Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Micron Technology's daily price indicators and compare them against related drivers.
When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.