MillerKnoll Inc (NASDAQ: MLKN) stock suffered a major decline of -14.5% on 9/20/24. The shares closed at $23.50. Moreover, this decline was accompanied by exceptionally high trading volume at 813% of normal. The stock has declined -9.6% during the last week and has performed in line with the market over the last nine months.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MillerKnoll has a good Appreciation Score of 82 but a neutral Power Rating of 50, leading to the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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