The stock of Mohawk Industries, Inc (MHK) has gone down by -10.41% for the week, with a -13.87% drop in the past month and a -25.88% drop in the past quarter. The volatility ratio for the week is 3.26%, and the volatility levels for the past 30 days are 2.73% for MHK. The simple moving average for the past 20 days is -11.66% for MHK’s stock, with a -12.21% simple moving average for the past 200 days.
Is It Worth Investing in Mohawk Industries, Inc (NYSE: MHK) Right Now?
Mohawk Industries, Inc (NYSE: MHK) has a higher price-to-earnings ratio of 13.21x compared to its average ratio. MHK has 36-month beta value of 1.42. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for MHK is 51.62M, and currently, short sellers hold a 1.72% ratio of that float. The average trading volume of MHK on December 20, 2024 was 760.22K shares.
MHK) stock’s latest price update
Mohawk Industries, Inc (NYSE: MHK)’s stock price has decreased by -1.91 compared to its previous closing price of 119.10. However, the company has seen a -10.41% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-06 that CALHOUN, Ga., Nov. 06, 2024 (GLOBE NEWSWIRE) — Mohawk Industries, Inc. (NYSE: MHK) today announced the planned retirement of Chris Wellborn, President and Chief Operating Officer and the promotion of Paul De Cock to succeed Mr. Wellborn effective February 1, 2025. The Company also announced that Ken Walma is joining the organization and will succeed Mr. De Cock as President of the Flooring North America Segment on February 1, 2025, after acquiring comprehensive knowledge of the Company’s operations. Following his retirement, Mr. Wellborn will serve as Vice Chair of Mohawk’s Board of Directors and assist with these leadership transitions.
Analysts’ Opinion of MHK
Many brokerage firms have already submitted their reports for MHK stocks, with Robert W. Baird repeating the rating for MHK by listing it as a “Outperform.” The predicted price for MHK in the upcoming period, according to Robert W. Baird is $196 based on the research report published on October 21, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see MHK reach a price target of $160, previously predicting the price at $140. The rating they have provided for MHK stocks is “Equal Weight” according to the report published on October 07th, 2024.
BofA Securities gave a rating of “Buy” to MHK, setting the target price at $177 in the report published on July 26th of the current year.
MHK Trading at -16.68% 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 -28.89% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -13.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.53% lower at present.
During the last 5 trading sessions, MHK fell by -10.41%, which changed the moving average for the period of 200-days by -2.63% in comparison to the 20-day moving average, which settled at $132.25. In addition, Mohawk Industries, Inc saw 12.87% 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 4,000 shares at the price of $127.75 back on Dec 13 ’24. After this action, HELEN SUZANNE L now owns 108,084 shares of Mohawk Industries, Inc, valued at $511,008 using the latest closing price.
HELEN SUZANNE L, the Possible Member of Group of Mohawk Industries, Inc, sale 4,000 shares at $126.11 during a trade that took place back on Dec 16 ’24, which means that HELEN SUZANNE L is holding 104,084 shares at $504,424 based on the most recent closing price.
Stock Fundamentals for MHK
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.25 for the gross margin
The net margin for Mohawk Industries, Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 7.46, with 4.26 for asset returns.
Based on Mohawk Industries, Inc (MHK), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 14.03.
Currently, EBITDA for the company is 531.94 million with net debt to EBITDA at 1.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 5.29for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.
Conclusion
To put it simply, Mohawk Industries, Inc (MHK) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
