MillerKnoll Inc (NASDAQ:MLKN) currently has a daily average trading volume of 555.50K but it saw 1425800 shares traded in last market. With a market cap of 1.72B USD, the company’s current market price of $24.83 came rising about 3.63 while comparing to the previous closing price of $23.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $31.73 and as low as $19.10. In the recent trading on the day, stock has struck highest price mark of $24.03 while lowest mark touched by it was $24.94.
Taking a look at 20-day trading activity of MillerKnoll Inc (MLKN) gives us an average price of $26.67, while its current price level is -21.75% below from 52-week high level whereas it is 30.00% 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 $28.10 while that of 200 days or SMA-200 reads an average of $27.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.54% during that period while stretching the period over a month that decreases to 3.20%. 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 39.24 which implies that the stock is in neutral territory.
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 -9.61% down while it is -16.48% when we observe its performance for the past one month. Year-to-date it is -6.93% down and over the past year, the stock is showing an upside performance of 29.66%.
Currently, MillerKnoll Inc’s total number of outstanding shares is 70.38M. Company’s return on investment (ROI) stands at 2.12% and return on equity (ROE) at 4.68%. It has a price to earnings ratio (P/E ratio) of 28.40 while having a 9.99 of forward P/E ratio. Stock’s beta reads 1.18. Stock has a price to book (P/B) ratio of 1.26 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is 1.57% on average.
