Miller Industries Stock Buy Hold or Sell Recommendation
| MLR Stock | USD 67.25 0.42 0.63% |
Considering the 90-day investment horizon and your below-average risk tolerance, our recommendation regarding Miller Industries is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Miller Industries given historical horizon and risk tolerance towards Miller Industries. When Macroaxis issues a 'buy' or 'sell' recommendation for Miller Industries, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Miller Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide. Note, we conduct extensive research on individual companies such as Miller and provide practical buy, sell, or hold advice based on investors' constraints. Miller Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Miller |
Execute Miller Industries Buy or Sell Advice
The Miller recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Miller Industries. Macroaxis does not own or have any residual interests in Miller Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Miller Industries' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Miller Industries Trading Alerts and Improvement Suggestions
| Miller Industries is unlikely to experience financial distress in the next 2 years | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Miller Industries to Host 1x1 Investor Meetings at the Raymond James Sonoma Small Cap Summit on ... |
Miller Industries Returns Distribution Density
The distribution of Miller Industries' historical returns is an attempt to chart the uncertainty of Miller Industries' future price movements. The chart of the probability distribution of Miller Industries daily returns describes the distribution of returns around its average expected value. We use Miller Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Miller Industries returns is essential to provide solid investment advice for Miller Industries.
| Mean Return | 0.22 | Value At Risk | -2.55 | Potential Upside | 3.82 | Standard Deviation | 2.42 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Miller Industries historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Miller Stock Institutional Investors
The Miller Industries' institutional investors refer to entities that pool money to purchase Miller Industries' securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Geode Capital Management, Llc | 2024-06-30 | 266.8 K | State Street Corp | 2024-06-30 | 221.3 K | Allspring Global Investments Holdings, Llc | 2024-06-30 | 154.5 K | Advisorshares Investments, Llc | 2024-06-30 | 136.9 K | Mutual Of America Capital Management Llc | 2024-09-30 | 117.5 K | Diversified Investment Strategies, Llc | 2024-09-30 | 111.6 K | Huber Capital Management Llc | 2024-09-30 | 105.9 K | Northern Trust Corp | 2024-09-30 | 105.3 K | Bank Of New York Mellon Corp | 2024-06-30 | 100.5 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 865.8 K | Blackrock Inc | 2024-06-30 | 842.4 K |
Miller Industries Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 5.5M | 5.5M | (32.1M) | (40.7M) | (30.4M) | (28.9M) | |
| Change In Cash | (965K) | 31.4M | (3.2M) | (14.2M) | (10.2M) | (9.7M) | |
| Free Cash Flow | 17.7M | 43.2M | 6.1M | (48.1M) | (1.1M) | (1.1M) | |
| Depreciation | 9.1M | 9.6M | 11.0M | 11.8M | 13.2M | 7.2M | |
| Other Non Cash Items | 150K | 194K | 200K | 321K | 75K | 71.3K | |
| Capital Expenditures | 17.4M | 17.5M | 9.2M | 28.9M | 12.1M | 12.7M | |
| Net Income | 39.1M | 29.8M | 16.3M | 20.3M | 58.3M | 61.2M | |
| End Period Cash Flow | 26.1M | 57.5M | 54.3M | 40.2M | 29.9M | 27.5M | |
| Dividends Paid | 8.2M | 8.2M | 8.2M | 8.2M | 8.2M | 7.7M | |
| Investments | (17.1M) | (17.2M) | (9.1M) | (28.9M) | (31.3M) | (29.8M) | |
| Change Receivables | (19.6M) | 27.4M | (12.7M) | (24.3M) | (21.9M) | (20.8M) | |
| Net Borrowings | (10.4M) | (5.4M) | (22K) | 45M | 51.8M | 54.3M | |
| Change To Netincome | 1.9M | 1.2M | 1.0M | 2.1M | 2.4M | 2.6M |
Miller Industries Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Miller Industries or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Miller Industries' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Miller stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 1.75 | |
σ | Overall volatility | 2.39 | |
Ir | Information ratio | 0.05 |
Miller Industries Volatility Alert
Miller Industries currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.06. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Miller Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Miller Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Miller Industries Fundamentals Vs Peers
Comparing Miller Industries' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Miller Industries' direct or indirect competition across all of the common fundamentals between Miller Industries and the related equities. This way, we can detect undervalued stocks with similar characteristics as Miller Industries or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Miller Industries' fundamental indicators could also be used in its relative valuation, which is a method of valuing Miller Industries by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Miller Industries to competition |
| Fundamentals | Miller Industries | Peer Average |
| Return On Equity | 0.19 | -0.31 |
| Return On Asset | 0.0861 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.06 % | (5.51) % |
| Current Valuation | 802.52 M | 16.62 B |
| Shares Outstanding | 11.45 M | 571.82 M |
| Shares Owned By Insiders | 4.32 % | 10.09 % |
| Shares Owned By Institutions | 86.14 % | 39.21 % |
| Number Of Shares Shorted | 530.62 K | 4.71 M |
| Price To Earning | 10.55 X | 28.72 X |
| Price To Book | 1.97 X | 9.51 X |
| Price To Sales | 0.58 X | 11.42 X |
| Revenue | 1.15 B | 9.43 B |
| Gross Profit | 82.42 M | 27.38 B |
| EBITDA | 93 M | 3.9 B |
| Net Income | 58.29 M | 570.98 M |
| Cash And Equivalents | 40.15 M | 2.7 B |
| Cash Per Share | 2.73 X | 5.01 X |
| Total Debt | 60.83 M | 5.32 B |
| Debt To Equity | 0.14 % | 48.70 % |
| Current Ratio | 2.27 X | 2.16 X |
| Book Value Per Share | 34.55 X | 1.93 K |
| Cash Flow From Operations | 10.96 M | 971.22 M |
| Short Ratio | 7.23 X | 4.00 X |
| Earnings Per Share | 5.58 X | 3.12 X |
| Target Price | 78.0 | |
| Number Of Employees | 1.8 K | 18.84 K |
| Beta | 0.96 | -0.15 |
| Market Capitalization | 877.71 M | 19.03 B |
| Total Asset | 647.21 M | 29.47 B |
| Retained Earnings | 200.16 M | 9.33 B |
| Working Capital | 275.76 M | 1.48 B |
| Current Asset | 219.26 M | 9.34 B |
Note: Acquisition by Richard Roberts of 2354 shares of Miller Industries subject to Rule 16b-3 [view details]
Miller Industries Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Miller . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Miller Industries Buy or Sell Advice
When is the right time to buy or sell Miller Industries? Buying financial instruments such as Miller Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Miller Stock Analysis
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.