Does Knoll, Inc. (KNL) Have Any Gas After Forming This Wedge Down Chart Pattern?

June 12, 2018 - By Adrian Erickson

Knoll, Inc. (NYSE:KNL) Logo

Investors sentiment increased to 1.4 in 2018 Q1. Its up 0.16, from 1.24 in 2017Q4. It is positive, as 6 investors sold Knoll, Inc. shares while 49 reduced holdings. 26 funds opened positions while 51 raised stakes. 42.06 million shares or 4.55% less from 44.07 million shares in 2017Q4 were reported.
Panagora Asset Mgmt holds 0% or 36,362 shares in its portfolio. Prelude Management Llc has 0% invested in Knoll, Inc. (NYSE:KNL). Suntrust Banks holds 0.02% or 123,364 shares. Atlantic Lc holds 0% or 55 shares. Alliancebernstein Limited Partnership, New York-based fund reported 1.51 million shares. Point72 Asia (Hong Kong) Limited invested in 0.02% or 1,603 shares. Stratos Wealth Prns Ltd has invested 0% in Knoll, Inc. (NYSE:KNL). Dreman Value L L C invested in 0% or 519 shares. California Pub Employees Retirement System owns 68,997 shares or 0% of their US portfolio. Pnc Finance Group Inc holds 5,191 shares. Stoneridge Investment Prtn Limited Com owns 19,539 shares. Susquehanna Group Llp holds 0% in Knoll, Inc. (NYSE:KNL) or 35,750 shares. Barclays Public Ltd accumulated 0% or 13,926 shares. First Advsrs L P owns 65,662 shares or 0% of their US portfolio. Gsa Capital Prtnrs Llp invested 0.03% in Knoll, Inc. (NYSE:KNL).

Since March 5, 2018, it had 0 insider buys, and 1 sale for $50,858 activity.

The stock of Knoll, Inc. (KNL) formed a down wedge with $19.11 target or 9.00 % below today’s $21.00 share price. The 7 months wedge indicates high risk for the $1.02 billion company. If the $19.11 price target is reached, the company will be worth $91.98 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.57% or $0.12 during the last trading session, reaching $21. About 106,475 shares traded. Knoll, Inc. (NYSE:KNL) has declined 11.81% since June 12, 2017 and is downtrending. It has underperformed by 24.38% the S&P500.

Analysts await Knoll, Inc. (NYSE:KNL) to report earnings on July, 26. They expect $0.38 earnings per share, up 31.03 % or $0.09 from last year’s $0.29 per share. KNL’s profit will be $18.49 million for 13.82 P/E if the $0.38 EPS becomes a reality. After $0.35 actual earnings per share reported by Knoll, Inc. for the previous quarter, Wall Street now forecasts 8.57 % EPS growth.

More news for Knoll, Inc. (NYSE:KNL) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Veritiv, Federal Agricultural Mortgage, Community …” on May 18, 2018. Seekingalpha.com‘s article titled: “Position Close Update: Knoll Inc.” and published on May 18, 2018 is yet another important article.

Knoll, Inc., together with its subsidiaries, designs, makes, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company has market cap of $1.02 billion. The firm operates through three divisions: Office, Studio, and Coverings. It has a 12.88 P/E ratio. It offers systems furniture, including integrated panels or table desks, work surfaces and storage units, power and data systems, and lighting products; office seating products comprising various work chairs; and files and storage products, such as lateral files, mobile pedestals and other storage units, bookcases, and overhead cabinets.

Knoll, Inc. (NYSE:KNL) Institutional Positions Chart

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