Is MillerKnoll Inc. (NASDAQ: MLKN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Volume reached 23,698 shares, with price reaching a high of $28.95 and a low of $28.95. Yahoo Finance discussed the stock recently as it posted MillerKnoll, Inc. Reports Fourth Quarter Fiscal 2022 Results.

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Stocks Info

This NASDAQ-listed company operates within the Furnishings Fixtures & Appliances industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $28.95 and fluctuated between $29.01 as its day high and $28.42 as its day low. The current market capitalization of MillerKnoll Inc. is $2.24B. A total of 0.34 million shares were traded on the day, compared to an average of 443.56K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MLKN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 27 SELLs from insiders. Insiders purchased 89,377 shares during that period but sold 54,413.

In the most recent transaction, Scott Richard sold 570 shares of MLKN for 28.36 per share on Jul 20. After the transaction, the Chief Mfg and Ops Officer now owns 2,264 company shares. In a previous transaction on Jan 18, Scott Richard sold 164 shares at 36.90 per share. MLKN shares that Chief Mfg and Ops Officer owns now total 1,610.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. MLKN’s most recent ex-dividend date was 05/26/2022 when it declared a $0.1875 quarterly dividend that was paid in cash on 07/15/2022. Previously, the company paid the dividend on 04/15/2022 with an ex-dividend date of 02/24/2022. The dividend was $0.1875 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MLKN in the last 3 months, the mean price target is $46.25 with high estimates of $52.00 and low estimates of $39.00. In terms of 52-week highs and lows, MLKN has a high of $45.75 and a low of $25.39.

As of this writing, MLKN has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.32. The company reported an EPS of $0.58 in the last quarter, which was 18.37% higher than expectations of $0.49.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MLKN’s latest balance sheet shows that the firm has $230.30M in Cash & Short Term Investments as of fiscal 2022. There were $1.89B in debt and $872.60M in liabilities at the time. Its Book Value Per Share was $19.03, while its Total Shareholder’s Equity was $1.53B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MLKN is Buy with a score of 5.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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