As of Friday close, Mohawk Industries Inc.’s (NYSE:MHK) stock was up $0.32, moving up 0.33 percent to $97.61. The average number of shares traded per day over the past five days has been 508,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.87 fall in that time frame. In the last twenty days, the average volume was 742,005, while in the previous 50 days, it was 726,748.
Since last month, MHK stock retreated -11.57%. Shares of the company fell to $95.80 on 08/18/23, the lowest level in the past month. A 52-week high of $130.63 was reached on 02/02/23 after having rallying from a 52-week low of $87.01. Since the beginning of this year, MHK’s stock price has dropped by -4.51% or -$4.61, and marked a new high 10 times. However, the stock has declined by -25.28% since its 52-week high.
MHK stock investors should be aware that Mohawk Industries Inc. (MHK) stock had its last reported insider trading activity 5 days ago on Aug 14. LORBERBAUM JEFFREY S, the CHIEF EXECUTIVE OFFICER of the company, disposed of 10,000 shares for $101.22 on Aug 14. It resulted in a $1,012,244 divestment by the insider. Patton Rodney David sold 2,600 shares at an average price of $106.76 on Jul 31. The insider now owns 14,487 shares following the transaction. On Feb 27, Possible Member of Group HELEN SUZANNE L sold 4,250 shares at $103.23 apiece. The transaction was valued at $438,713.
Valuation Metrics
The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 0.76, and the price-to-cash flow ratio of 14.16 may also be considered.
Financial Health
In the three months ended June 29, Mohawk Industries Inc.’s quick ratio stood at 1.00, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.25, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 24.50% percent. In the year ended June 29, EBITDA margin amounted to 14.23%, whereas operating margins totaled -1.50%. Based on annual data, MHK earned $2.94 billion in gross profit and brought in $11.74 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.80%. Return on equity (ROE) for the past 12 months was -4.00%.
In Mohawk Industries Inc.’s quarter-end financial report for June 29, it reported total debt of $2.01 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MHK’s revenue fell -6.87% to $2.81 billion during the quarter, while net income inched up to $2.95 billion. While analysts expected Mohawk Industries Inc. to report $2.65 quarterly earnings, the actual figure was $2.76 per share, beating the consensus estimate by 4.20%. During the quarter, the company generated $309.68 million in EBITDA. The liabilities of Mohawk Industries Inc. were 6.37 billion at the end of its most recent quarter ended June 29, and its total debt was $3.47 billion. The value of shareholders’ equity is $63.68 million.
Technical Picture
This quick technical analysis looks at Mohawk Industries Inc.’s (MHK) price momentum. With a historical volatility rate of 7.29%, the RSI 9-day stood at 23.75% on 18 August.
With respect to its five-day moving average, the current Mohawk Industries Inc. price is down by -4.75% percent or -$4.87. At present, MHK shares trade -11.50% below its 20-day simple moving average and +2.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.56% below its SMA50 and +3.02% above its SMA200.
Stochastic coefficient K was 6.37% and Stochastic coefficient D was 3.17%, while ATR was 2.68. Given the Stochastic reading of 14.66% for the 14-day period, the RSI (14) reading has been calculated as 32.40%. As of today, the MACD Oscillator reading stands at -3.25, while the 14-day reading stands at -4.99.
Analyst Ratings
Loop Capital upgraded its rating on Mohawk Industries Inc. (NYSE: MHK) to a Buy in a note to investors on April 11, 2023. The analysts firm previously had a Hold rating on the stock.Mohawk Industries Inc. (MHK) has been rated Hold by analysts. According to 2 brokerage firms, MHK is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Mohawk Industries Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $128.00, the current consensus forecast for the stock is $92.00 – $130.00. Based on these forecasts, analysts predict Mohawk Industries Inc. (MHK) will achieve an average price target of $119.15.
