2023-05-25 10:30:00 ET
It has been a tough year for Micron (NASDAQ: MU) . The memory chipmaker's stock closed at its all-time high last January, but subsequently tumbled more than 30% as investors fretted over the cyclical slowdown of the semiconductor market.
But even after that steep pullback, Micron still doesn't seem like a screaming bargain at 46 times forward earnings and five times this year's sales. These three bright red flags could also prevent value-seeking investors from rushing back.
Image source: Getty Images.
For further details see:
3 Red Flags for Micron Technology's Future