A share price of MillerKnoll Inc [MLKN] is currently trading at $26.75, down -0.52%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MLKN shares have gain 8.04% over the last week, with a monthly amount drifted -9.01%, and not seem to be holding up well over a long-time horizon.
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On 27, March 2024, MillerKnoll, Inc. Reports Third Quarter Fiscal 2024 Results. In a post published today on Yahoo Finance, MillerKnoll Inc. (NASDAQ: MLKN) today reported results for the third quarter of fiscal year 2024, which ended March 2, 2024.
From an analyst’s perspective:
MillerKnoll Inc [NASDAQ: MLKN] stock has seen the most recent analyst activity on November 30, 2022, when The Benchmark Company downgraded its rating to a Hold. Previously, Craig Hallum downgraded its rating to Hold on September 29, 2022, and dropped its price target to $20.
MillerKnoll Inc experienced fluctuations in its stock price throughout the past year between $13.20 and $31.33. MillerKnoll Inc [NASDAQ: MLKN] shares were valued at $26.75 at the most recent close of the market.
Analyzing the MLKN fundamentals
Trailing Twelve Months sales for MillerKnoll Inc [NASDAQ:MLKN] were 3.70B which represents -11.41% decline. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.46 points at the first support level, and at 26.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.09, and for the 2nd resistance point, it is at 27.42.
MillerKnoll Inc [MLKN] reported earnings per share of $0.45 for its fiscal quarter that ended on 2/28/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of $0.01 and a surprise factor of 2.30%. By comparison, the stated earnings for the previous quarter ended on 11/29/2023 were $0.59 per share as compared to estimates of $0.54 per share, a difference of $0.05 representing a surprise of 9.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MillerKnoll Inc [NASDAQ:MLKN] is 1.59. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 27.56.
Transactions by insiders
Recent insider trading involved Stutz Jeffrey M, Chief Fincl Officer, that happened on Dec 22 ’23 when 9771.0 shares were sold. Director, VOLKEMA MICHAEL A completed a deal on Jul 18 ’23 to buy 13584.0 shares. Meanwhile, Director Smith Mike C. bought 4000.0 shares on Jul 18 ’23.
