MillerKnoll Inc [NASDAQ: MLKN] jumped around 0.17 points on Tuesday, while shares priced at $14.27 at the close of the session, up 1.21%.
MillerKnoll Inc stock is now -41.11% down from its year-to-date (YTD) trading value. MLKN Stock saw the intraday high of $14.38 and lowest of $13.85 per share. The company’s 52-week high price is 25.96, which means current price is +3.11% above from all time high which was touched on 01/28/25.
Compared to the average trading volume of 556.06K shares, MLKN reached a trading volume of 6116058 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about MillerKnoll Inc [MLKN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MLKN shares is $35.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MLKN stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for MillerKnoll Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 30, 2022. While these analysts kept the previous recommendation, Craig Hallum dropped their target price from $50 to $20. The new note on the price target was released on September 29, 2022, representing the official price target for MillerKnoll Inc stock.
The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 2.44. Price to Free Cash Flow for MLKN in the course of the last twelve months was 11.98 with Quick ratio for the last quarter at 0.96.
How has MLKN stock performed recently?
MillerKnoll Inc [MLKN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.49. With this latest performance, MLKN shares dropped by -13.52% in over the last four-week period, additionally sinking by -19.97% over the last 6 months – not to mention a drop of -36.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MLKN stock in for the last two-week period is set at 24.13, with the RSI for the last a single of trading hit 0.57, and the three-weeks RSI is set at 0.59 for MillerKnoll Inc [MLKN]. The present Moving Average for the last 50 days of trading for this stock 17.67, while it was recorded at 14.52 for the last single week of trading, and 18.82 for the last 200 days.
MillerKnoll Inc [MLKN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and MillerKnoll Inc [MLKN] shares currently have an operating margin of 2.77% and a Gross Margin at 38.64%. MillerKnoll Inc’s Net Margin is presently recorded at -0.41%.
MillerKnoll Inc (MLKN) Capital Structure & Debt Analysis
According to recent financial data for MillerKnoll Inc. ( MLKN), the Return on Equity (ROE) stands at -1.18%, reflecting a slight decline for investors. The Return on Assets (ROA) is -0.39%, reflecting the company’s efficiency in generating profits from its assets. Additionally, MillerKnoll Inc’s Return on Invested Capital (ROIC) is -0.51%, showcasing its effectiveness in deploying capital for earnings.
MillerKnoll Inc (MLKN) Efficiency & Liquidity Metrics
Based on MillerKnoll Inc’s (MLKN) latest financial statements, the Debt-to-Equity Ratio is 1.41%, indicating its reliance on debt financing relative to shareholder equity.
MillerKnoll Inc (MLKN) Efficiency & Liquidity Metrics
From an operational efficiency perspective, MillerKnoll Inc. (MLKN) effectively leverages its workforce, generating an average of -$1492.97 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.67% and a Quick Ratio of 0.96%, indicating strong ability to cover short-term liabilities.
Earnings analysis for MillerKnoll Inc [MLKN]
With the latest financial reports released by the company, MillerKnoll Inc posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MLKN.
Insider trade positions for MillerKnoll Inc [MLKN]
There are presently around $96.88%, or 98.37%% of MLKN stock, in the hands of institutional investors. The top three institutional holders of MLKN stocks are: BLACKROCK INC. with ownership of 11.06 million shares, which is approximately 15.7161%. VANGUARD GROUP INC, holding 8.85 million shares of the stock with an approximate value of $$234.31 million in MLKN stocks shares; and VANGUARD GROUP INC, currently with $$122.88 million in MLKN stock with ownership which is approximately 6.5913%.
