MHK has 36-month beta value of 1.38. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for MHK is 52.00M, and currently, short sellers hold a 3.02% ratio of that float. The average trading volume of MHK on September 02, 2024 was 765.68K shares.
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MHK) stock’s latest price update
The stock of Mohawk Industries, Inc. (NYSE: MHK) has increased by 0.95 when compared to last closing price of 153.68. Despite this, the company has experienced a -1.65% fall in its stock price over the last five trading sessions. zacks.com reported 2024-08-16 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
MHK’s Market Performance
Mohawk Industries, Inc. (MHK) has seen a -1.65% fall in stock performance for the week, with a -0.86% decline in the past month and a 27.24% surge in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.65% for MHK. The simple moving average for the past 20 days is 4.04% for MHK’s stock, with a 33.53% simple moving average for the past 200 days.
Analysts’ Opinion of MHK
Many brokerage firms have already submitted their reports for MHK stocks, with BofA Securities repeating the rating for MHK by listing it as a “Buy.” The predicted price for MHK in the upcoming period, according to BofA Securities is $177 based on the research report published on July 26, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see MHK reach a price target of $140. The rating they have provided for MHK stocks is “Strong Buy” according to the report published on June 10th, 2024.
Deutsche Bank gave a rating of “Buy” to MHK, setting the target price at $152 in the report published on February 12th of the current year.
MHK Trading at 14.97% 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 -5.43% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +1.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.33% upper at present.
During the last 5 trading sessions, MHK fell by -1.65%, which changed the moving average for the period of 200-days by +94.88% in comparison to the 20-day moving average, which settled at $149.26. In addition, Mohawk Industries, Inc. saw 49.89% 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 2,300 shares at the price of $151.15 back on Aug 23 ’24. After this action, HELEN SUZANNE L now owns 119,369 shares of Mohawk Industries, Inc., valued at $347,640 using the latest closing price.
HELEN SUZANNE L, the Affiliate of Mohawk Industries, Inc., proposed sale 2,300 shares at $151.15 during a trade that took place back on Aug 23 ’24, which means that HELEN SUZANNE L is holding shares at $347,640 based on the most recent closing price.
Stock Fundamentals for MHK
Current profitability levels for the company are sitting at:
- -0.01 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 -4.52, with -2.57 for asset returns.
Based on Mohawk Industries, Inc. (MHK), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -2.45.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 1.93. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. 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 1.92.
Conclusion
To put it simply, Mohawk Industries, Inc. (MHK) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
