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MillerKnoll Inc (MLKN) Analysis & Opinions from Experts

MillerKnoll Inc (NASDAQ: MLKN) is 11.99% higher on its value in year-to-date trading and has touched a low of $13.20 and a high of $31.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MLKN stock was last observed hovering at around $30.44 in the last trading session, with the day’s loss setting it -0.56%.

Currently trading at $29.88, the stock is 0.30% and 6.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -1.84% at the moment leaves the stock 31.19% off its SMA200. MLKN registered 41.28% gain for a year compared to 6-month gain of 64.36%. The firm has a 50-day simple moving average (SMA 50) of $0.97 and a 200-day simple moving average (SMA200) of $12.71.

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The stock witnessed a -1.84% loss in the last 1 month and extending the period to 3 months gives it a 0.91%, and is 0.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.17% over the week and 2.93% over the month.

MillerKnoll Inc (MLKN) has around 10900 employees, a market worth around $2.18B and $3.81B in sales. Current P/E ratio is 44.21 and Fwd P/E is 12.82. Profit margin for the company is 1.33%. Distance from 52-week low is 126.36% and -4.63% from its 52-week high. The company has generated returns on investments over the last 12 months (1.65%).

MillerKnoll Inc quarterly earnings per share for the current quarter are estimated at $0.44 with sales reaching $909.5M over the same period.The EPS is expected to grow by 12.16% this year, but quarterly earnings will post -8.50% year-over-year.

MillerKnoll Inc (MLKN) Top Institutional Holders

358 institutions hold shares in MillerKnoll Inc (MLKN), with institutional investors hold 92.70% of the company’s shares. The shares outstanding are 75.70M, and float is at 72.07M with Short Float at 2.91%. Institutions hold 91.86% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 12.11 million shares valued at $178.99 million. The investor’s holdings represent 16.48% of the MLKN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.92 million shares valued at $131.89 million to account for 12.14% of the shares outstanding. The other top investors are Scharf Investments, LLC which holds 5.19 million shares representing 7.06% and valued at over $126.92 million, while Fuller & Thaler Asset Management Inc. holds 6.40% of the shares totaling 4.7 million with a market value of $69.47 million.

MillerKnoll Inc (MLKN) Insider Activity

The most recent transaction is an insider sale by Stutz Jeffrey M,the company’sChief Fincl Officer. SEC filings show that Stutz Jeffrey M sold 9,771 shares of the company’s common stock on Dec 22 ’23 at a price of $28.23 per share for a total of $0.28 million. Following the sale, the insider now owns 35622.0 shares.

MillerKnoll Inc disclosed in a document filed with the SEC on Jul 18 ’23 that VOLKEMA MICHAEL A (Director) bought a total of 13,584 shares of the company’s common stock. The trade occurred on Jul 18 ’23 and was made at $16.95 per share for $0.23 million. Following the transaction, the insider now directly holds 0.2 million shares of the MLKN stock.

Still, SEC filings show that on Jul 18 ’23, Smith Mike C. (Director) acquired 4,000 shares at an average price of $17.25 for $68988.0. The insider now directly holds 19,584 shares of MillerKnoll Inc (MLKN).

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