MillerKnoll Inc (NASDAQ:MLKN) does about 462.29K shares in volume on a normal day but saw 384286 shares change hands in the recent trading day. The company now has a market cap of 2.06B USD. Its current market price is $29.45, marking an increase of 0.79% compared to the previous close of $29.22. The 52 week high reached by this stock is $31.73 whilst the lowest price level in 52 weeks is $16.50.
MillerKnoll Inc (MLKN) has a 20-day trading average at $28.81 and the current price is -7.19% off the 52-week high compared with 78.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.21 and its 200-day simple moving average is $27.46. If we look at the stock’s price movements over the week, volatility stands at 1.95%, which increases to 2.79% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.34 to suggest the stock is neutral.
The consensus objective for the share price is $35.00, suggesting that the stock has a potential upside of 15.86% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
Craig Hallum also downgraded the stock to “Hold” from Buy on September 29, 2022 at a price target of $50-$20.
The current price level is 2.25%, 4.71%, and 7.36% away from its SMA20, SMA50, and SMA200 respectively, with the MLKN price moving above the 50-day SMA on current market day. MillerKnoll Inc (MLKN) stock is down -1.34% over the week and -2.45% over the past month. Its price is 10.38% year-to-date and 52.99% over the past year.
To reach the target analysts have set, the stock logically needs to grow 15.86 percent from here.
The company has a return on investment of 2.71% and return on equity of 5.84%. The price to earnings ratio (P/E ratio) amounts to 26.49 while the forward price to earnings ratio is 11.56. The beta has a value of 1.18. Price to book ratio is 1.50 and price to sales ratio is 0.57.
