Mohawk Industries Inc. (NYSE:MHK) went down by -2.69% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Furnishings Fixtures & Appliances giant went up by $95.71 to trade ended Friday trading at $98.36. This is down from the $98.36 price recorded on Thursday’s trading session. Thanks to this latest performance, MHK is closer to the higher price 52-week target of $120.00 and further from the lowest price target of $62.00. Its performance from the start of the year has also been negative, with MHK down by -29.82% year-to-date.
Mohawk Industries Inc. (MHK) started the day trading at $97.52 and recorded an intraday high of $98.29. It also recorded an intraday low of $94.05 during Friday’s trading session. Mohawk Industries Inc. is a very active stock that recorded a trading volume that is less than -0.37% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 900968, which is less than -0.37 of the total average daily trading volume of 904.26K.
Mohawk Industries Inc. (NYSE:MHK) 2020 Performance Impressive
The increase in MHK’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MHK currently stands at $156.60, which is higher than the current trading price of the stock by 38.88%. However, MHK’s current trading price is -69.04% lower than the 52-week low price of $56.62. In terms of trading volume, Mohawk Industries Inc. currently experienced healthy participation during the last trading session. 900968 shares of Mohawk Industries Inc. were traded on the stock exchange on Friday, which is less than -0.37% of the 904.26K average trading volume of the stock.
The performance of the stock has been positive over the past year. MHK’s performance over the past one year has seen it plunge by -34.03%, while the stock has gone down by -28.82% in the last six months. The quarterly performance of MHK currently stands at 22.64%, and it is up by 2.74% in the last month. The only positive figure was from the weekly performance, which currently reads 2.84%. At the time of writing MHK’s report, the company has a total market cap of $7.05B, making it one of the largest publicly-traded companies in the world.Mohawk Industries Inc. also has over 41800 employees all over the world.
MHK Insider Activities
For Mohawk Industries Inc., insiders hold 82.70% of all company shares. The insider transactions over the past six months are up by 2.10%. During that period, insiders bought 303,642 shares in 20 transactions. In that same period, insiders sold 52,456 of their shares in 21 transactions. After these transactions, insiders at Mohawk Industries Inc. now hold 14.26M shares, which is over 87.82% of the total company stocks. Institutional investors currently hold a large chunk of the MHK shares, as they control 20.03% of the company’s total stock.
MHK Fundamental Analysis
For Mohawk Industries Inc., the stock’s diluted earnings per share (EPS) stands at 10.19. In the coming year, analysts expect the EPS to be 6.70. The EPS growth will slow down over the next five years to -14.11% after surging by 7.30% in the previous five years. In terms of revenue, Mohawk Industries Inc.’s quarterly sales (YOY) is shrinking at -0.46, which is lower than the average annual revenue of 7.30% over the past half a decade.
The Return on Investment (ROI) on Mohawk Industries Inc.’s stock currently stands at 7.10%, and it has a net profit margin of 7.50%. The operating margin of the company is 7.70%, and its gross margin is 27.90%.
MHK Analysts Prediction
Another analyst that has a Underperform rating for MHK is RBC Capital Mkts, which set a price target of between $73 and $70. and RBC Capital Mkts reiterate their Sector Perform position on the stock ($95 and $73).
Analysts at Jefferies believe that MHK is Hold, and they have a price target of between $110 and $74.
At the moment, Mohawk Industries Inc.’s Total Debt to Equity ratio stands at 0.35, and they have a long-term Debt to Equity ratio of 0.19.
MHK Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MHK currently stands at -4.56%, while the SMA50 is 6.87%. The biggest one is the SMA200, which is currently reading -16.86% ahead of Friday’s trading session. The Relative Strength Index of this stock is 47.99, while its price to earnings ratio (P/E) is 9.40.