The stock of Miller Industries Inc (MLR) has seen a -8.74% decrease in the past week, with a 9.33% gain in the past month, and a 19.85% flourish in the past quarter. The volatility ratio for the week is 5.44%, and the volatility levels for the past 30 days are at 3.33% for MLR. The simple moving average for the past 20 days is 0.42% for MLR’s stock, with a 21.73% simple moving average for the past 200 days.
Is It Worth Investing in Miller Industries Inc (NYSE: MLR) Right Now?
Miller Industries Inc (NYSE: MLR) has a higher price-to-earnings ratio of 11.05x compared to its average ratio, The 36-month beta value for MLR is at 0.98. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MLR is 10.96M, and currently, shorts hold a 4.84% of that float. The average trading volume for MLR on November 14, 2024 was 84.10K shares.
MLR) stock’s latest price update
Miller Industries Inc (NYSE: MLR) has experienced a decline in its stock price by -10.43 compared to its previous closing price of 76.63. However, the company has seen a fall of -8.74% in its stock price over the last five trading days. prnewswire.com reported 2024-11-12 that CHATTANOOGA, Tenn., Nov. 12, 2024 /PRNewswire/ — Miller Industries, Inc. (NYSE: MLR) (the “Company”) today announced financial results for the third quarter ended September 30, 2024.
Analysts’ Opinion of MLR
Many brokerage firms have already submitted their reports for MLR stocks, with DA Davidson repeating the rating for MLR by listing it as a “Buy.” The predicted price for MLR in the upcoming period, according to DA Davidson is $82 based on the research report published on October 02, 2024 of the current year 2024.
MLR Trading at 7.87% from the 50-Day Moving Average
After a stumble in the market that brought MLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.28% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 5.44%, as shares surge +7.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.45% upper at present.
During the last 5 trading sessions, MLR fell by -8.74%, which changed the moving average for the period of 200-days by +67.01% in comparison to the 20-day moving average, which settled at $68.36. In addition, Miller Industries Inc saw 62.31% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MLR
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.13 for the gross margin
The net margin for Miller Industries Inc stands at 0.05. The total capital return value is set at 0.2. Equity return is now at value 19.15, with 10.38 for asset returns.
Based on Miller Industries Inc (MLR), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 18.62.
Currently, EBITDA for the company is 93.0 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 3.56for trailing twelve months and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In conclusion, Miller Industries Inc (MLR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
