MillerKnoll Inc. (NASDAQ:MLKN) currently has a daily average trading volume of 528.31K but it saw 780177 shares traded on Thursday. With a market cap of 1.63B USD, stock’s current market price of $21.15 came rising about 0.33 while comparing to the previous closing price of $21.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $36.93 and as low as $15.54. In the recent trading on the day, stock has struck highest price mark of $21.50 while lowest mark touched by it was $20.47.
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Taking a look at 20-day trading activity of MillerKnoll Inc. (MLKN) gives us an average price of $23.14, while its current price level is -42.73% below from 52-week high level whereas it is 36.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.00 while that of 200 days or SMA-200 reads an average of $24.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.58% during that period while stretching the period over a month that decreases to 3.68%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.62 which implies that the stock is in neutral territory.
MillerKnoll Inc. (MLKN)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $20.00 and $40.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $20.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $40.00. Average price target assigned by them is $28.33 which highlights an upside potential of 25.34% for the stock over that period. And to attain the median price target of $25.00 assigned by those analysts, stock has to add about 15.4% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Craig Hallum downgraded its recommendation for the stock as a “Hold” from “Buy” on September 29, 2022 while assigning a price target range of $50-$20.
Over the week, MLKN’s stock price is moving -7.68% down while it is -9.77% when we observe its performance for the past one month. Year-to-date it is 0.67% up and over the past year, the stock is showing a downside performance of -36.51%.
The latest quarterly earnings report issued by the company was for quarter ended 11/29/2022, when its quarterly earnings per share (EPS) of $0.46 beat the consensus estimate of $0.42 for the same. The company is expected to be releasing its next quarterly report in 07/03/2023, for which analysts forecasted an EPS of $0.42 while estimate for next year EPS is $1.91. For MLKN, analysts are forecasting an EPS-growth rate of -0.50% for current year and estimate for EPS growth in next year is 30.40%. In next quarter, company is expected to be making quarterly sales of $1.03 billion as analysts are expecting the sales for current fiscal year at $4.17 billion and seeing the company making $4.19 billion in sales next year. Moreover, analysts are in estimates of $998.98 million for current-quarter revenue.
Currently, MillerKnoll Inc.’s total number of outstanding shares is 75.37M with 0.62% of that held by the insiders while 95.32% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.00% and return on equity (ROE) at 5.60%. It has a price to earnings ratio (P/E ratio) of 20.20 while having a 8.49 of forward P/E ratio. Stock’s beta reads 1.45. Stock has a price to book (P/B) ratio of 1.11 while price to sale or P/S ratio amounts to 0.38. Its return on asset (ROA) is 1.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by 0.23% in the MillerKnoll Inc. (MLKN) increasing its stake to 7.59% with control over 12922.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF sought 5,739,546 of company’s common stock of worth $137.0 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in MillerKnoll Inc., as Undiscovered Managers Behavioral picked 4,092,215 shares of worth $97.68 million to bring its holdings to a total of 19400.0 shares. In the most recent quarter, Vanguard Total Stock Market Index came rising its stake by 0.18% in the company and now holds 2.31 million or 3.05% of the company’s stake having worth of about 55.06 million.
