MillerKnoll Inc (NASDAQ: MLKN). Extremely significant negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for May, 2024 decreased significantly, and the consensus estimate for May, 2023 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MLKN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
MillerKnoll has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. MillerKnoll has a slightly positive Appreciation Score of 69 and a very high Power Rating of 94, and the Highest Value Trend Rating results.
Recent Price Action
MillerKnoll Inc (NASDAQ: MLKN) stock closed at $26.75 on 4/5/24 after a slight decline of -0.5%. However, below average trading volume at 73% of normal accompanied the decline. The stock has declined -12.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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