Stock Rating Downgrade
The Value Trend Rating for MillerKnoll Inc (NASDAQ: MLKN) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
MillerKnoll Inc (NASDAQ: MLKN) stock declined by -2.7% on 8/1/24. The shares closed at $30.19. Moreover, trading volume in this decline was above average at 127% of normal. The stock has performed in line with the market over the last nine months and has risen 6.6% during the last week.
Current PriceTarget Research Rating
MLKN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
MillerKnoll has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. MillerKnoll has a neutral Appreciation Score of 60 and a slightly positive Power Rating of 61, leading to the High Neutral Value Trend Rating.
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