Looking for "home office" stock ideas? Here's one.
Did you buy a fancy office chair for a home office in 2020? Think about how many times people searched for "ergonomic desk chair" during the pandemic. Probably millions.
That may help explain upscale furniture maker Hermann Miller's strong stock appreciation this year, as the company recently reported strong earnings. According to company filings, gross margins were 39.0%, reflecting an increase of 110 basis points from last year. The company also reported strong expense control with operating expenses down $18.1 million from last year, and continued quarterly operating margin expansion over the prior year, including a retail operating margin of 16.7%.
In the analysis below, A.I.dvisor takes a look 9 stocks within the Office Supply Theme, which underscores Hermann Miller's relative strength within the group. Keep reading for trade ideas.
MLKN's Stochastic Oscillator sits in oversold zone for 9 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MLKN's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MLKN advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
MLKN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MLKN as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MLKN turned negative on May 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MLKN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MLKN entered a downward trend on May 31, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.728) is normal, around the industry mean (11.321). P/E Ratio (16.260) is within average values for comparable stocks, (21.010). Projected Growth (PEG Ratio) (0.620) is also within normal values, averaging (1.124). Dividend Yield (0.054) settles around the average of (0.036) among similar stocks. P/S Ratio (0.248) is also within normal values, averaging (8.301).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. MLKN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MLKN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of office furniture systems and seating products
Industry HomeFurnishings
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JHQRX | 27.32 | N/A | N/A |
| JPMorgan Hedged Equity R6 | |||
| JEEBX | 12.67 | -0.02 | -0.16% |
| JHancock Infrastructure A | |||
| AMADX | 29.62 | -0.10 | -0.34% |
| American Century Discplnd Cor Val A | |||
| NWAJX | 19.19 | -0.07 | -0.36% |
| Nationwide Janus Henderson Ovrs Eagle | |||
| BAFHX | 11.51 | -0.06 | -0.52% |
| Brown Advisory WMC Strat Eurp Eq Instl | |||
MLKN and
Correlation & Price change
A.I.dvisor indicates that over the last year, MLKN has been loosely correlated with WHR. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if MLKN jumps, then WHR could also see price increases.
| Ticker / NAME | Correlation To MLKN | 1D Price Change % | ||
|---|---|---|---|---|
| MLKN | 100% | -3.02% | ||
| WHR - MLKN | 59% Loosely correlated | -1.64% | ||
| LEG - MLKN | 58% Loosely correlated | -2.21% | ||
| MHK - MLKN | 58% Loosely correlated | -0.95% | ||
| TPX - MLKN | 54% Loosely correlated | -4.93% | ||
| LZB - MLKN | 53% Loosely correlated | -2.72% | ||
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