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How to buy Miller Industries stock
Own Miller Industries stock in just a few minutes.
Miller Industries, Inc is an auto parts business based in the US. Miller Industries shares (MLR) are listed on the NYSE and all prices are listed in US Dollars. Miller Industries employs 1,310 staff and has a trailing 12-month revenue of around USD$676.1 million.
How to buy shares in Miller Industries
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Miller Industries. Find the stock by name or ticker symbol: MLR. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Miller Industries reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Miller Industries, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Miller Industries. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
- MLR shares summary
- Compare share dealing platforms
- Is MLR stock a buy or sell?
- Stock performance over time
- Can I short MLR shares?
- Are MLR shares over-valued?
- Miller Industries's financials
- How volatile are MLR shares?
- Does Miller Industries pay a dividend?
- Have MLR shares ever split?
- Other common questions
Miller Industries share price
Use our graph to track the performance of MLR stocks over time.Miller Industries shares at a glance
Information last updated 2021-02-23.
| 52-week range | USD$24.8306 - USD$42.75 |
|---|---|
| 50-day moving average | USD$40.3067 |
| 200-day moving average | USD$34.3027 |
| Wall St. target price | USD$21 |
| PE ratio | 15.9087 |
| Dividend yield | USD$0.72 (1.77%) |
| Earnings per share (TTM) | USD$2.586 |
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Miller Industries stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Is Miller Industries under- or over-valued?
Valuing Miller Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Miller Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Miller Industries's P/E ratio
Miller Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Miller Industries shares trade at around 16x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Miller Industries's EBITDA
Miller Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$48.4 million.
The EBITDA is a measure of a Miller Industries's overall financial performance and is widely used to measure a its profitability.
Miller Industries financials
| Revenue TTM | USD$676.1 million |
|---|---|
| Operating margin TTM | 5.77% |
| Gross profit TTM | USD$96.5 million |
| Return on assets TTM | 6.09% |
| Return on equity TTM | 11.35% |
| Profit margin | 4.36% |
| Book value | $23.87 |
| Market capitalisation | USD$469.2 million |
TTM: trailing 12 months
Shorting Miller Industries shares
There are currently 172,797 Miller Industries shares held short by investors – that's known as Miller Industries's "short interest". This figure is 6.8% up from 161,866 last month.
There are a few different ways that this level of interest in shorting Miller Industries shares can be evaluated.
Miller Industries's "short interest ratio" (SIR)
Miller Industries's "short interest ratio" (SIR) is the quantity of Miller Industries shares currently shorted divided by the average quantity of Miller Industries shares traded daily (recently around 44999.21875). Miller Industries's SIR currently stands at 3.84. In other words for every 100,000 Miller Industries shares traded daily on the market, roughly 3840 shares are currently held short.
However Miller Industries's short interest can also be evaluated against the total number of Miller Industries shares, or, against the total number of tradable Miller Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Miller Industries's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Miller Industries shares in existence, roughly 20 shares are currently held short) or 0.0179% of the tradable shares (for every 100,000 tradable Miller Industries shares, roughly 18 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Miller Industries.
Find out more about how you can short Miller Industries stock.
Miller Industries share dividends
Dividend payout ratio: 43.37% of net profits
Recently Miller Industries has paid out, on average, around 43.37% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Miller Industries shareholders could enjoy a 1.77% return on their shares, in the form of dividend payments. In Miller Industries's case, that would currently equate to about $0.72 per share.
While Miller Industries's payout ratio might seem fairly standard, it's worth remembering that Miller Industries may be investing much of the rest of its net profits in future growth.
Miller Industries's most recent dividend payout was on 14 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 4 December 2020 (the "ex-dividend date").
Have Miller Industries's shares ever split?
Miller Industries's shares were split on a 1:5 basis on 1 October 2001. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Miller Industries shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Miller Industries shares which in turn could have impacted Miller Industries's share price.
Miller Industries share price volatility
Over the last 12 months, Miller Industries's shares have ranged in value from as little as $24.8306 up to $42.75. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Miller Industries's is 1.0192. This would suggest that Miller Industries's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Miller Industries overview
Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other related applications. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. It sells its products through independent distributors in the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa; and through prime contractors to governmental entities. The company was founded in 1990 and is based in Ooltewah, Tennessee.
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