Miller Industries Stock Analysis
| MLR Stock | USD 49.00 0.72 1.45% |
Miller Industries is overvalued with Real Value of 38.48 and Hype Value of 49.18. The main objective of Miller Industries stock analysis is to determine its intrinsic value, which is an estimate of what Miller Industries is worth, separate from its market price. There are two main types of Miller Industries' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Miller Industries' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Miller Industries' stock to identify patterns and trends that may indicate its future price movements.
The Miller Industries stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Miller Industries is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Miller Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Miller Industries' ongoing operational relationships across important fundamental and technical indicators.
Miller |
Miller Stock Analysis Notes
About 84.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.65. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Miller Industries recorded earning per share (EPS) of 5.07. The entity last dividend was issued on the 15th of March 2024. The firm had 1:5 split on the 1st of October 2001. Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company was incorporated in 1990 and is based in Ooltewah, Tennessee. Miller Industries operates under Auto Parts classification in the United States and is traded on New York Stock Exchange. It employs 1421 people. To find out more about Miller Industries contact William II at 423 238 4171 or learn more at https://www.millerind.com.Miller Industries Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Miller Industries' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Miller Industries or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| Over 84.0% of the company shares are owned by institutional investors | |
| On 25th of March 2024 Miller Industries paid $ 0.19 per share dividend to its current shareholders |
Miller Industries Upcoming and Recent Events
Earnings reports are used by Miller Industries to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Miller Industries previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 13th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Miller Industries Thematic Classifications
In addition to having Miller Industries stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | Automobiles and TrucksUSA Equities from Automobiles and Trucks industry as classified by Fama & French |
Miller Market Capitalization
The company currently falls under 'Small-Cap' category with a total capitalization of 575.6 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Miller Industries's market, we take the total number of its shares issued and multiply it by Miller Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Miller Profitablity
Miller Industries' profitability indicators refer to fundamental financial ratios that showcase Miller Industries' ability to generate income relative to its revenue or operating costs. If, let's say, Miller Industries is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Miller Industries' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Miller Industries' profitability requires more research than a typical breakdown of Miller Industries' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.05 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.08 %, which entails that for every 100 dollars of revenue, it generated $0.08 of operating income. Technical Drivers
As of the 26th of April, Miller Industries secures the Risk Adjusted Performance of 0.0905, mean deviation of 1.43, and Downside Deviation of 1.95. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Miller Industries, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Miller Industries, which can be compared to its peers in the industry. Please verify Miller Industries coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Miller Industries is priced some-what accurately, providing market reflects its recent price of 49.0 per share. Given that Miller Industries has jensen alpha of 0.2385, we recommend you to check Miller Industries's last-minute market performance to make sure the company can sustain itself at a future point.Miller Industries Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Miller Industries middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Miller Industries. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Miller Industries Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Miller Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Miller Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Miller Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Jeffrey Badgley over a month ago Disposition of 1440 shares by Jeffrey Badgley of Miller Industries at 45.28 subject to Rule 16b-3 | ||
Richard Roberts over six months ago Miller Industries exotic insider transaction detected | ||
Josias Reyneke over a year ago Exercise or conversion by Josias Reyneke of 2000 shares of Miller Industries subject to Rule 16b-3 |
Miller Industries Predictive Daily Indicators
Miller Industries intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Miller Industries stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Miller Industries Forecast Models
Miller Industries' time-series forecasting models are one of many Miller Industries' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Miller Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Miller Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Miller Industries prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Miller shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Miller Industries. By using and applying Miller Stock analysis, traders can create a robust methodology for identifying Miller entry and exit points for their positions.
Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company was incorporated in 1990 and is based in Ooltewah, Tennessee. Miller Industries operates under Auto Parts classification in the United States and is traded on New York Stock Exchange. It employs 1421 people.
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running Miller Industries' price analysis, check to measure Miller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.
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Is Miller Industries' industry 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 Miller Industries. If investors know Miller 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 Miller Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Miller Industries is measured differently than its book value, which is the value of Miller that is recorded on the company's balance sheet. Investors also form their own opinion of Miller Industries' value that differs from its market value or its book value, called intrinsic value, which is Miller Industries' 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 Miller Industries' market value can be influenced by many factors that don't directly affect Miller Industries' 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 Miller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Industries' 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.