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Mohawk Industries, Inc. (MHK) – Don’t Be So Quick to Call it Dead

Mohawk Industries, Inc. (NYSE: MHK) is 19.11% higher on its value in year-to-date trading and has touched a low of $76.02 and a high of $131.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MHK stock was last observed hovering at around $123.02 in the last trading session, with the day’s gains setting it 0.26%.

Currently trading at $123.28, the stock is 7.00% and 3.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 0.21% at the moment leaves the stock 21.00% off its SMA200. MHK registered 27.75% gain for a year compared to 6-month gain of 54.85%.

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The stock witnessed a 12.59% loss in the last 1 month and extending the period to 3 months gives it a 5.65%, and is 4.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 2.65% over the month.

Mohawk Industries, Inc. (MHK) has around 43300 employees, a market worth around $7.87B and $11.01B in sales. Fwd P/E is 11.00. Profit margin for the company is -3.77%. Distance from 52-week low is 62.17% and -6.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.29%).

The EPS is expected to grow by 4.26% this year

The shares outstanding are 63.69M, and float is at 52.72M with Short Float at 3.24%.

Mohawk Industries, Inc. (MHK) Insider Activity

The most recent transaction is an insider sale by Patton Rodney David, the company’s VP BUSINESS STRATEGY. SEC filings show that Patton Rodney David sold 1,551 shares of the company’s common stock on Mar 12 ’24 at a price of $119.51 per share for a total of $0.19 million. Following the sale, the insider now owns 15321.0 shares.

Mohawk Industries, Inc. disclosed in a document filed with the SEC on Feb 28 ’24 that Brunk James (CFO – VP FINANCE) sold a total of 4,007 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $117.43 per share for $0.47 million. Following the transaction, the insider now directly holds 18902.0 shares of the MHK stock.

Still, SEC filings show that on Dec 14 ’23, HELEN SUZANNE L (Possible Member of Group) disposed off 4,500 shares at an average price of $107.01 for $0.48 million. The insider now directly holds 4,453 shares of Mohawk Industries, Inc. (MHK).

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