Mohawk Industries, Inc. (MHK) concluded trading on Thursday at a closing price of $130.89, with 0.45 million shares of worth about $58.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.97% during that period and on March 28, 2024 the price saw a gain of about 1.53%. Currently the company’s common shares owned by public are about 63.69M shares, out of which, 53.21M shares are available for trading.
Stock saw a price change of 3.73% in past 5 days and over the past one month there was a price change of 12.73%. Year-to-date (YTD), MHK shares are showing a performance of 26.46% which increased to 36.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $76.02 but also hit the highest price of $129.03 during that period. The average intraday trading volume for Mohawk Industries, Inc. shares is 731.40K. The stock is currently trading 7.55% above its 20-day simple moving average (SMA20), while that difference is up 15.10% for SMA50 and it goes to 30.96% higher than SMA200.
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Mohawk Industries, Inc. (NYSE: MHK) currently have 63.69M outstanding shares and institutions hold larger chunk of about 80.21% of that.
The stock has a current market capitalization of $8.34B and its 3Y-monthly beta is at 1.34. It has posted earnings per share of -$6.92 in the same period. It has Quick Ratio of 0.97 while making debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MHK, volatility over the week remained 1.98% while standing at 2.35% over the month.
Analysts are in expectations that Mohawk Industries, Inc. (MHK) stock would likely to be making an EPS of $1.68 in the current quarter, while forecast for next quarter EPS is $2.7 and it is $11.16 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.6 which is $1.72 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.75 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.16% while it is estimated to increase by 16.61% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on February 12, 2024 offering a Buy rating for the stock and assigned a target price range of between $98 and $152 to it. Coverage by RBC Capital Mkts stated Mohawk Industries, Inc. (MHK) stock as a Sector perform in their note to investors on January 12, 2024, suggesting a price target of $101 for the stock. On December 13, 2023, Barclays Upgrade their recommendations, while on October 17, 2023, Wells Fargo Initiated their ratings for the stock with a price target of $85. Stock get a Buy rating from Loop Capital on April 11, 2023.
