On Tuesday, Mohawk Industries, Inc. (NYSE: MHK) opened lower -5.16% from the last session, before settling in for the closing price of $161.25. Price fluctuations for MHK have ranged from $76.02 to $164.29 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 2.52% over the past five years. Company’s average yearly earnings per share was noted 8.54% at the time writing. With a float of $51.97 million, this company’s outstanding shares have now reached $63.69 million.
Let’s look at the performance matrix of the company that is accounted for 43300 employees. In terms of profitability, gross margin is 25.35%, operating margin of -1.47%, and the pretax margin is -2.39%.
Mohawk Industries, Inc. (MHK) Insider Updates
A key investor’s attitude towards the stock of the Furnishings, Fixtures & Appliances industry is another important factor to consider. The insider ownership of Mohawk Industries, Inc. is 17.66%, while institutional ownership is 81.05%. The most recent insider transaction that took place on Sep 09 ’24, was worth 99,964. In this transaction Possible Member of Group of this company sold 660 shares at a rate of $151.46, taking the stock ownership to the 118,709 shares. Before that another transaction happened on Sep 09 ’24, when Company’s affiliate proposed sale 660 for $151.46, making the entire transaction worth $99,962.
Mohawk Industries, Inc. (MHK) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 2.72 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.65) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.54% per share during the next fiscal year.
Mohawk Industries, Inc. (NYSE: MHK) Trading Performance Indicators
Check out the current performance indicators for Mohawk Industries, Inc. (MHK). In the past quarter, the stock posted a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.89. Likewise, its price to free cash flow for the trailing twelve months is 14.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.66, a number that is poised to hit 2.89 in the next quarter and is forecasted to reach 11.58 in one year’s time.
Technical Analysis of Mohawk Industries, Inc. (MHK)
Mohawk Industries, Inc. (NYSE: MHK) saw its 5-day average volume 0.68 million, a negative change from its year-to-date volume of 0.7 million. As of the previous 9 days, the stock’s Stochastic %D was 54.24%. Additionally, its Average True Range was 4.29.
During the past 100 days, Mohawk Industries, Inc.’s (MHK) raw stochastic average was set at 80.88%, which indicates a significant increase from 13.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.58% in the past 14 days, which was lower than the 44.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $154.43, while its 200-day Moving Average is $127.55. Nevertheless, the first resistance level for the watch stands at $155.26 in the near term. At $157.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $159.63. If the price goes on to break the first support level at $150.89, it is likely to go to the next support level at $148.86. Assuming the price breaks the second support level, the third support level stands at $146.52.
Mohawk Industries, Inc. (NYSE: MHK) Key Stats
There are currently 63,863K shares outstanding in the company with a market cap of 9.65 billion. Presently, the company’s annual sales total 11,135 M according to its annual income of -439,520 K. Last quarter, the company’s sales amounted to 2,801 M and its income totaled 157,400 K.
