MillerKnoll Inc (NASDAQ: MLKN) is -8.81% lower on its value in year-to-date trading and has touched a low of $22.35 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 $25.29 in the last trading session, with the day’s loss setting it -0.96%.
Currently trading at $24.33, the stock is -2.88% and -0.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing -3.80% at the moment leaves the stock -8.30% off its SMA200. MLKN registered -15.52% loss for a year compared to 6-month loss of -3.07%. The firm has a 50-day simple moving average (SMA 50) of $24.4088 and a 200-day simple moving average (SMA200) of $26.56085.
The stock witnessed a 2.40% gain in the last 1 month and extending the period to 3 months gives it a -11.43%, and is -2.45% 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 3.69% over the week and 2.90% over the month.
MillerKnoll Inc (MLKN) has around 10200 employees, a market worth around $1.68B and $3.57B in sales. Current P/E ratio is 27.83 and Fwd P/E is 9.79. Profit margin for the company is 1.80%. Distance from 52-week low is 8.86% and -23.32% 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 3.85% this year
346.0 institutions hold shares in MillerKnoll Inc (MLKN), with institutional investors hold 99.75% of the company’s shares. The shares outstanding are 69.33M, and float is at 68.31M with Short Float at 4.22%. Institutions hold 98.67% 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
MillerKnoll Inc disclosed in a document filed with the SEC on Dec 22 ’23 that Stutz Jeffrey M (Chief Fincl Officer) sold a total of 9,771 shares of the company’s common stock. The trade occurred on Dec 22 ’23 and was made at $28.23 per share for $0.28 million. Following the transaction, the insider now directly holds 35622.0 shares of the MLKN stock.
