How to Buy Miller Industries Stock
Miller Industries Inc
Miller Industries is a auto part company located in Tennessee, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker MLR on the NYSE exchange.
Miller Industries stock last closed at $49.08, up 0.16% from the previous day, and has increased 51.25% in one year. It has overperformed other stocks in the Auto Parts industry by 0.57 percentage points. Miller Industries stock is currently +51.11% from its 52-week low of $32.48, and -8.8% from its 52-week high of $53.82.
There are currently 11.45M shares of MLR outstanding. The market capitalization of MLR is $561.75M. In the past 24 hours, 20,854 MLR shares were traded.
How to Buy Miller Industries Stock
Wondering how to invest in Miller Industries stock? Here's how.
- Decide where to buy Miller Industries stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Miller Industries stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your information.
- Analyze Miller Industries stock: The Miller Industries ticker symbol is MLR. Is Miller Industries stock a good investment? Should you buy shares of MLR? How do MLR's underlying business fundamentals look? Do top analysts think Miller Industries is a good buy? Why has MLR's stock price moved recently? (Hint: Our stock analysis website can help you understand if MLR is a good stock to buy).
- Place your MLR purchase: Decide if you will purchase MLR shares at the current market price or use a limit order to buy MLR stock at a specific price.
- Monitor your MLR investment: Create a watchlist to the latest updates on your new investment in Miller Industries shares.
Step 1: Decide where to buy Miller Industries stock
You will need a brokerage account in order to access the NYSE market and buy MLR shares.
Our preferred brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you can invest in MLR today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create a new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on the best stock market app for beginners, you can securely and quickly fund your account:
Check out the video below for more details transferring money into your brokerage account.
Step 4: Analyze Miller Industries stock
Once you have decided on the best place to buy Miller Industries stock, it's important to evaluate their stock before you buy, so you truly wrap your head around the risk and upside.
Miller Industries shares quick numbers
MLR Due Diligence Checks
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on MLR's stock page.
How is MLR stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge MLR's true value.
Using relative valuations metrics:
- MLR may be undervalued based on its P/E ratio of 9.62x, relative to Auto Parts industry P/E ratio of -143.88x
- MLR could be undervalued based on its P/B ratio of 1.61x, relative to Auto Parts industry P/B ratio of 1.78x
- MLR could be overvalued based on its PEG ratio of 1.15x
You can access additional valuation analysis on MLR's stock here.
MLR Financial Summary
Positive Financial Indicators:
- MLR has cash burn of 736000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the MLR balance sheet.
- MLR has $29.91M in cash and short term investments. This is enough to cover its annual cash burn of $736.00k.
- There are more short-term assets than short-term liabilities on the MLR balance sheet.
- MLR profit margin has gone up from 2.4% to 5.1% in the past year.
Negative Financial Indicators:
- MLR has a relatively high debt to equity ratio of 0.86.
- Total MLR debt is higher than 5 years ago, relative to shareholder equity.
MLR Technical Indicators
MLR Growth Numbers
Last year, MLR earnings were $58.29M. In the last five year, MLR's earnings have increased by 11.5% per year. This was faster than the Auto Parts industry average of 5.12%.
Last year, MLR revenue was $1.15B. In the past 5 year, MLR's revenue has grown by 10.14% per year. This was faster than the Auto Parts industry average of 9.17%.
Dig into MLR's earnings and revenue performance here.
Latest Insiders Trades at MLR
In the last 12 months, insiders at MLR have sold more shares than they have bought.
Jeffrey I. Badgley, President Intl and Military of MLR, was the latest MLR insider to sell. They sold $65,203.20 worth of MLR shares on Mar 1, 2024.
Research more about who owns MLR shares here.
Can I get consistent income from MLR stock?
Miller Industries pays a dividend of 1.49%, compared to the Auto Parts industry's average dividend yield of 2.65%. If you owned $1,000 worth of MLR stock, you would have been paid $14.87 last year.
Miller Industries dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Miller Industries dividend yield and history here.
MLR Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your MLR purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you need additional help with buying stocks on eToro, click the how to video below:
Step 6: Monitor your MLR investment
Now that you own some MLR stock, you'll want to keep up with your stock purchase.
Start a watchlist to keep track of your MLR stock.
MLR Feed
How to Buy Stock in Miller Industries
To reiterate, here are the 6 steps to buy Miller Industries stock:
- Decide where to buy Miller Industries stock
- Create a brokerage account
- Fund your investment account
- Analyze Miller Industries stock
- Place your MLR purchase
- Monitor your MLR investment
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your new investment in Miller Industries, get started below.
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