Double Bottom Is Forming on Micron
Micron is in an interesting position after shedding a great amount of value in the last 3 months. The Fundamentals are great and Microns Balance Sheet has very few problems! with the double bottom forming this could be signaling a very bullish sentiment with a possible reversal towards the upside. Micron is currently being forecasted with Revenue and EPS Growth.
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Balance Sheet: Micron has a decent Debt to Equity Ratio while having more then 3 Assets for every 1 Liability which is personally important to me when looking at stocks, Debt is Manageable especially should Micron beat all forcasts
Cash: US8.38b
Debt: US11.33b
Total Liability: US22.03b
Total Assets: US66.26b
Debt to Equity Ratio is: 25.6%
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Resumed its Share Buy-Back Program
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Highly Important Industry Supplier and Affiliates: Being Extremely Important with Industry Titans like Nvidia, Apple, Intel, MPS/Monolithic Power Systems, AMD, Texas Instruments, Microsoft, Gigabyte, Broadcom.
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Diversified Business Model: Micron is not just a memory business its highly Diversified in
23.46% of there Revenue is derived from Microns -> "Mobile Business Unit"
23.4% of there Revenue is derived from microns -> "Embedded Business Unit"
36.74% of there Revenue is derived from Microns -> "Networking and Business Unit"
16.43% of there Revenue is derived from Microns -> "Storage Unit Business"
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While Micron is in another uptrend in Revenue growth I think personally this time it could be more permanent growth, Micron is Extremely Undervalued compared to market peers such as Nvidia, and Micron with PE Ratios being well above 50 while Micron is extremely important within the Artificial Intelligence industry it benefits from a wide range of industries such as Artificial intelligence, Automotive, Computers, Memory, ETC.
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Disclaimer: I am not a financial expert or have any certifications I just trade stocks as a personal hobby and I greatly encourage you to do your own research and not just take words at face value to make extremely risky investments. Please do your own Research I am not giving Buy, Sell or Hold Signals, This is just for healthy conversation and nothing else.
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Idea:
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Balance Sheet: Micron has a decent Debt to Equity Ratio while having more then 3 Assets for every 1 Liability which is personally important to me when looking at stocks, Debt is Manageable especially should Micron beat all forcasts
Cash: US8.38b
Debt: US11.33b
Total Liability: US22.03b
Total Assets: US66.26b
Debt to Equity Ratio is: 25.6%
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Resumed its Share Buy-Back Program
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Highly Important Industry Supplier and Affiliates: Being Extremely Important with Industry Titans like Nvidia, Apple, Intel, MPS/Monolithic Power Systems, AMD, Texas Instruments, Microsoft, Gigabyte, Broadcom.
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Diversified Business Model: Micron is not just a memory business its highly Diversified in
23.46% of there Revenue is derived from Microns -> "Mobile Business Unit"
23.4% of there Revenue is derived from microns -> "Embedded Business Unit"
36.74% of there Revenue is derived from Microns -> "Networking and Business Unit"
16.43% of there Revenue is derived from Microns -> "Storage Unit Business"
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While Micron is in another uptrend in Revenue growth I think personally this time it could be more permanent growth, Micron is Extremely Undervalued compared to market peers such as Nvidia, and Micron with PE Ratios being well above 50 while Micron is extremely important within the Artificial Intelligence industry it benefits from a wide range of industries such as Artificial intelligence, Automotive, Computers, Memory, ETC.
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Disclaimer: I am not a financial expert or have any certifications I just trade stocks as a personal hobby and I greatly encourage you to do your own research and not just take words at face value to make extremely risky investments. Please do your own Research I am not giving Buy, Sell or Hold Signals, This is just for healthy conversation and nothing else.
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Idea:
Comment
Everything is going to plan besides the analyst forecast downgrades, However that did not seem to heavily affect the stock in the long-term.Comment
Earnings are being posted Today 🚀🚀Comment
Gap is being filled!
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