Knoll Inc. (NYSE:KNL) Relative Strength Index (RSI) is 78.58, with weekly volatility at 1.90% and ATR at 0.54. The KNL stock’s 52-week price range has touched low of $10.49 and a $27.00 high. Intraday shares traded counted 0.79 million, which was 35.32% higher than its 30-day average trading volume of 1.22M. Its shares traded lower over the last trading session, losing -0.22% on 06/02/21. The shares fell to a low of $26.68 before closing at $26.83. KNL’s previous close was $26.89 while the outstanding shares total 49.26M. The firm has a beta of 2.07.
Investors have identified the Business Equipment & Supplies company Knoll Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.36 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Knoll Inc. (KNL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For KNL, the company has in raw cash 10.8 million on their books with 14.5 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 348.0 million total, with 276.0 million as their total liabilities.
KNL were able to record 5.7 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -26.5 million. In cash movements, the company had a total of 14.6 million as operating cash flow.
Potential earnings growth for Knoll Inc. (KNL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Knoll Inc. recorded a total of 264.2 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -28.69% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -18.43%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 168.5 million trying to sell their products during the last quarter, with the result yielding a gross income of 95.7 million. This allows shareholders to hold on to 49.26M with the recently reported earning now reading -0.04 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (0.52 cents a share).
Is the stock of KNL attractive?
In related news, 10% Owner, Global Furniture Holdings S.a sold 367,877 shares of the company’s stock in a transaction that recorded on Apr 28. The sale was performed at an average price of 23.75, for a total value of 8,737,079. As the sale deal closes, the 10% Owner, Global Furniture Holdings S.a now sold 455,885 shares of the company’s stock, valued at 10,871,975. Also, 10% Owner, Global Furniture Holdings S.a sold 362,917 shares of the company’s stock in a deal that was recorded on Apr 26. The shares were price at an average price of 23.88 per share, with a total market value of 8,665,036. Following this completion of acquisition, the 10% Owner, Global Furniture Holdings S.a now holds 352,149 shares of the company’s stock, valued at 8,198,029. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.60%.
0 out of 1 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Knoll Inc.. 0 analysts has assigned a Sell rating on the KNL stock. The 12-month mean consensus price target for the company’s shares has been set at $25.00.