Millerknoll Stock Price Prediction
| MLKN Stock | USD 22.39 0.61 2.65% |
Oversold Vs Overbought
55
Oversold | Overbought |
Quarterly Earnings Growth 55.604 | EPS Estimate Current Year 1.94 | EPS Estimate Next Year 2.19 | Wall Street Target Price 31.5 | EPS Estimate Current Quarter 0.53 |
Using MillerKnoll hype-based prediction, you can estimate the value of MillerKnoll from the perspective of MillerKnoll response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in MillerKnoll to buy its stock at a price that has no basis in reality. In that case, they are not buying MillerKnoll because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
MillerKnoll after-hype prediction price | USD 22.47 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
MillerKnoll |
MillerKnoll After-Hype Price Prediction Density Analysis
As far as predicting the price of MillerKnoll at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in MillerKnoll or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of MillerKnoll, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
MillerKnoll Estimiated After-Hype Price Volatility
In the context of predicting MillerKnoll's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on MillerKnoll's historical news coverage. MillerKnoll's after-hype downside and upside margins for the prediction period are 20.44 and 24.50, respectively. We have considered MillerKnoll's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
MillerKnoll is very steady at this time. Analysis and calculation of next after-hype price of MillerKnoll is based on 3 months time horizon.
MillerKnoll Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as MillerKnoll is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading MillerKnoll backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with MillerKnoll, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.12 | 2.03 | 0.08 | 0.08 | 8 Events / Month | 8 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
22.39 | 22.47 | 0.36 |
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MillerKnoll Hype Timeline
MillerKnoll is now traded for 22.39. The entity has historical hype elasticity of 0.08, and average elasticity to hype of competition of -0.08. MillerKnoll is forecasted to increase in value after the next headline, with the price projected to jump to 22.47 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is projected to be 0.36%, whereas the daily expected return is now at -0.12%. The volatility of related hype on MillerKnoll is about 316.69%, with the expected price after the next announcement by competition of 22.31. The company reported the previous year's revenue of 3.63 B. Net Income was 82.3 M with profit before overhead, payroll, taxes, and interest of 1.35 B. Given the investment horizon of 90 days the next forecasted press release will be in about 8 days. Check out MillerKnoll Basic Forecasting Models to cross-verify your projections.MillerKnoll Related Hype Analysis
Having access to credible news sources related to MillerKnoll's direct competition is more important than ever and may enhance your ability to predict MillerKnoll's future price movements. Getting to know how MillerKnoll's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how MillerKnoll may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CARG | CarGurus | 0.35 | 11 per month | 1.19 | 0.14 | 3.49 | (1.93) | 8.87 | |
| KFS | Kingsway Financial Services | (0.08) | 8 per month | 1.37 | 0.04 | 2.38 | (2.30) | 10.73 | |
| DRVN | Driven Brands Holdings | (0.61) | 9 per month | 1.73 | 0.05 | 3.50 | (2.89) | 10.30 | |
| GPI | Group 1 Automotive | (0.85) | 8 per month | 1.53 | 0.05 | 2.86 | (2.70) | 11.29 | |
| RUSHB | Rush Enterprises B | (0.75) | 9 per month | 1.94 | 0.06 | 3.32 | (2.89) | 14.10 | |
| SAH | Sonic Automotive | (0.37) | 10 per month | 1.53 | 0.05 | 4.59 | (3.07) | 13.72 | |
| ABG | Asbury Automotive Group | (0.24) | 8 per month | 1.44 | 0.05 | 3.72 | (2.34) | 10.57 | |
| RUSHA | Rush Enterprises A | (1.05) | 9 per month | 1.56 | 0.01 | 3.35 | (2.61) | 12.66 | |
| PAG | Penske Automotive Group | 2.07 | 9 per month | 0.00 | (0.04) | 2.22 | (2.12) | 7.57 | |
| LAD | Lithia Motors | (4.88) | 10 per month | 1.31 | 0.12 | 3.06 | (2.68) | 13.82 |
MillerKnoll Additional Predictive Modules
Most predictive techniques to examine MillerKnoll price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for MillerKnoll using various technical indicators. When you analyze MillerKnoll charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About MillerKnoll Predictive Indicators
The successful prediction of MillerKnoll stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as MillerKnoll, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of MillerKnoll based on analysis of MillerKnoll hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to MillerKnoll's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to MillerKnoll's related companies. | 2011 | 2013 | 2019 | 2024 (projected) | Dividend Yield | 0.0116 | 0.0218 | 0.0275 | 0.0164 | Price To Sales Ratio | 0.93 | 0.82 | 0.56 | 0.98 |
Story Coverage note for MillerKnoll
The number of cover stories for MillerKnoll depends on current market conditions and MillerKnoll's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that MillerKnoll is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about MillerKnoll's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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MillerKnoll Short Properties
MillerKnoll's future price predictability will typically decrease when MillerKnoll's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of MillerKnoll often depends not only on the future outlook of the potential MillerKnoll's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. MillerKnoll's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 74 M | |
| Cash And Short Term Investments | 230.4 M |
Check out MillerKnoll Basic Forecasting Models to cross-verify your projections. To learn how to invest in MillerKnoll Stock, please use our How to Invest in MillerKnoll guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MillerKnoll. If investors know MillerKnoll will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MillerKnoll listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 55.604 | Earnings Share 0.91 | Revenue Per Share 49.606 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0355 |
The market value of MillerKnoll is measured differently than its book value, which is the value of MillerKnoll that is recorded on the company's balance sheet. Investors also form their own opinion of MillerKnoll's value that differs from its market value or its book value, called intrinsic value, which is MillerKnoll's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MillerKnoll's market value can be influenced by many factors that don't directly affect MillerKnoll's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MillerKnoll's value and its price as these two are different measures arrived at by different means. Investors typically determine if MillerKnoll is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MillerKnoll's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.