Extremely significant negative changes in MillerKnoll Inc (NASDAQ: MLKN) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Recent marginal negative changes in fundamentals have affected MillerKnoll Inc (NASDAQ: MLKN): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. 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 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 neutral Power Rating of 59 but a good Appreciation Score of 76, triggering the Positive Value Trend Rating.
Recent Price Action
On 9/12/24, MillerKnoll Inc (NASDAQ: MLKN) stock declined modestly by -1.4%, closing at $26.00. Moreover, unusually high trading volume at 153% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -7.4% during the last week.
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