Is MillerKnoll Inc (NASDAQ: MLKN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

MLKN belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Furnishings, Fixtures & Appliances industry. The current market capitalization of MillerKnoll Inc is $1.69B. A total of 1.17 million shares were traded on the day, compared to an average of 562.19K shares.

In the most recent transaction, Groom Benjamin P.T. bought 5,193 shares of MLKN for 24.66 per share on Sep 26 ’24. In a previous transaction on Dec 22 ’23, Stutz Jeffrey M sold 9,771 shares at 28.23 per share. MLKN shares that Chief Fincl Officer owns now total 35,622.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MillerKnoll Inc pays an annual dividend of $0.75, resulting in a dividend yield of 3.08%, and it has a price to earnings (P/E) ratio of 27.90. MLKN’s most recent ex-dividend date was 8/30/2024 when it declared a $0.1875 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 5/31/2024. The MLKN stock dividend was $0.1875 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MLKN has a high of $31.73 and a low of $22.43.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $877.40M in liabilities at the time. Its Book Value Per Share was $19.68, while its Total Shareholder’s Equity was $1.53B.

Analysts Opinion

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. Currently, 0 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 3.00.

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