MillerKnoll Inc (NASDAQ:MLKN) currently has a daily average trading volume of 539.13K but it saw 1590096 shares traded in last market. With a market cap of 1.25B USD, the company’s current market price of $18.34 came falling about -1.45 while comparing to the previous closing price of $18.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $31.73 and as low as $18.28. In the recent trading on the day, stock has struck highest price mark of $17.83 while lowest mark touched by it was $18.85.
Taking a look at 20-day trading activity of MillerKnoll Inc (MLKN) gives us an average price of $19.79, while its current price level is -42.20% below from 52-week high level whereas it is 0.33% 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 $21.26 while that of 200 days or SMA-200 reads an average of $24.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.16% during that period while stretching the period over a month that decreases to 2.92%. 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 30.61 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 -4.83% down while it is -18.27% when we observe its performance for the past one month. Year-to-date it is -18.81% down and over the past year, the stock is showing a downside performance of -38.00%.
The company is expected to be releasing its next quarterly report on 2024-Dec-17, for which analysts forecasted an EPS of 0.77 while estimate for next year EPS is 2.12. In next quarter, company is expected to be making quarterly sales of $935.5M as analysts are expecting the sales for current fiscal year at $3.71B and seeing the company making $3.88B in sales next year. Moreover, analysts are in estimates of $958.85M for current-quarter revenue.
Currently, MillerKnoll Inc’s total number of outstanding shares is 68.43M with 1.16% of that held by the insiders while 98.43% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.15% and return on equity (ROE) at 4.76%. It has a price to earnings ratio (P/E ratio) of 20.16 while having a 7.41 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 0.96 while price to sale or P/S ratio amounts to 0.35. Its return on asset (ROA) is 1.59% on average.
