The stock of Mohawk Industries, Inc. (NYSE: MHK) has increased by 5.76 when compared to last closing price of 127.18. Despite this, the company has experienced a 2.53% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-25 that The headline numbers for Mohawk Industries (MHK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Mohawk Industries, Inc. (NYSE: MHK) Right Now?
Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for MHK is 52.75M, and currently, short sellers hold a 4.37% ratio of that floaft. The average trading volume of MHK on July 26, 2024 was 682.48K shares.
MHK’s Market Performance
The stock of Mohawk Industries, Inc. (MHK) has seen a 2.53% increase in the past week, with a 26.49% rise in the past month, and a 20.74% gain in the past quarter. The volatility ratio for the week is 3.57%, and the volatility levels for the past 30 days are at 3.10% for MHK. The simple moving average for the last 20 days is 12.85% for MHK stock, with a simple moving average of 25.57% for the last 200 days.
Analysts’ Opinion of MHK
Many brokerage firms have already submitted their reports for MHK stocks, with Raymond James repeating the rating for MHK by listing it as a “Strong Buy.” The predicted price for MHK in the upcoming period, according to Raymond James is $140 based on the research report published on June 10, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see MHK reach a price target of $152, previously predicting the price at $98. The rating they have provided for MHK stocks is “Buy” according to the report published on February 12th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to MHK, setting the target price at $101 in the report published on January 12th of the current year.
MHK Trading at 14.42% from the 50-Day Moving Average
After a stumble in the market that brought MHK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.39% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares surge +25.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.09% upper at present.
During the last 5 trading sessions, MHK rose by +2.53%, which changed the moving average for the period of 200-days by +65.03% in comparison to the 20-day moving average, which settled at $120.57. In addition, Mohawk Industries, Inc. saw 29.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MHK starting from HELEN SUZANNE L, who sale 1,800 shares at the price of $111.74 back on Jun 14 ’24. After this action, HELEN SUZANNE L now owns 122,369 shares of Mohawk Industries, Inc., valued at $201,132 using the latest closing price.
Patton Rodney David, the VP BUSINESS STRATEGY of Mohawk Industries, Inc., sale 2,267 shares at $125.33 during a trade that took place back on May 15 ’24, which means that Patton Rodney David is holding 13,054 shares at $284,129 based on the most recent closing price.
Stock Fundamentals for MHK
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.25 for the gross margin
The net margin for Mohawk Industries, Inc. stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -5.27, with -2.93 for asset returns.
Based on Mohawk Industries, Inc. (MHK), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is -3.08.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 2.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.0. The receivables turnover for the company is 5.38for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
In a nutshell, Mohawk Industries, Inc. (MHK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
