MillerKnoll Inc (NASDAQ: MLKN) is -11.94% lower on its value in year-to-date trading and has touched a low of $19.10 and a high of $31.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MLKN stock was last observed hovering at around $27.47 in the last trading session, with the day’s loss setting it -3.97%.
Currently trading at $23.50, the stock is -16.07% and -17.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.36 million and changing -14.47% at the moment leaves the stock -14.75% off its SMA200. MLKN registered 18.12% gain for a year compared to 6-month loss of -21.37%.
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The stock witnessed a -19.57% gain in the last 1 month and extending the period to 3 months gives it a -8.22%, and is -13.05% down 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 4.14% over the week and 3.02% over the month.
MillerKnoll Inc (MLKN) has around 10200 employees, a market worth around $1.63B and $3.57B in sales. Current P/E ratio is 26.88 and Fwd P/E is 9.40. Profit margin for the company is 1.80%. Distance from 52-week low is 23.01% and -25.95% from its 52-week high. The company has generated returns on investments over the last 12 months (2.12%).
The EPS is expected to grow by 3.61% this year.
MillerKnoll Inc (MLKN) Top Institutional Holders
356.0 institutions hold shares in MillerKnoll Inc (MLKN), with institutional investors hold 97.94% of the company’s shares. The shares outstanding are 70.38M, and float is at 68.60M with Short Float at 3.39%. Institutions hold 96.89% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.06 million shares valued at $293.0 million. The investor’s holdings represent 15.4948% of the MLKN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.85 million shares valued at $234.31 million to account for 12.391 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 4.64 million shares representing 6.4985% and valued at over $122.88 million, while PACER ADVISORS, INC. holds 5.6252 of the shares totaling 4.02 million with a market value of $106.37 million.
MillerKnoll Inc (MLKN) Insider Activity
The most recent transaction is an insider sale by Stutz Jeffrey M, the company’s Chief 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.
