Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Mohawk Industries, Inc. (NYSE: MHK) closed at $110.27 in the last session, down -1.01% from day before closing price of $111.40. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 0.82 million shares were traded. MHK stock price reached its highest trading level at $110.93 during the session, while it also had its lowest trading level at $107.06.
Ratios:
We take a closer look at MHK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.88. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on February 12, 2024, Upgraded its rating to Buy and sets its target price to $152 from $98 previously.
On January 12, 2024, RBC Capital Mkts Upgraded its rating to Sector Perform which previously was Underperform and also upped its target price recommendation from $80 to $101.
Barclays Upgraded its Underweight to Equal Weight on December 13, 2023, whereas the target price for the stock was revised from $80 to $100.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Patton Rodney David sold 1,551 shares for $119.51 per share. The transaction valued at 185,352 led to the insider holds 15,321 shares of the business.
Brunk James sold 4,007 shares of MHK for $470,542 on Feb 28 ’24. The CFO – VP FINANCE now owns 18,902 shares after completing the transaction at $117.43 per share. On Dec 14 ’23, another insider, HELEN SUZANNE L, who serves as the Possible Member of Group of the company, sold 4,500 shares for $107.01 each. As a result, the insider received 481,554 and left with 4,453 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MHK now has a Market Capitalization of 7042183680 and an Enterprise Value of 9537187840. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 0.856 whereas that against EBITDA is 6.604.
Stock Price History:
Over the past 52 weeks, MHK has reached a high of $131.19, while it has fallen to a 52-week low of $76.02. The 50-Day Moving Average of the stock is -7.10%, while the 200-Day Moving Average is calculated to be 8.62%.
Shares Statistics:
According to the various share statistics, MHK traded on average about 693.79K shares per day over the past 3-months and 646980 shares per day over the past 10 days. A total of 63.69M shares are outstanding, with a floating share count of 53.21M. Insiders hold about 16.46% of the company’s shares, while institutions hold 80.12% stake in the company. Shares short for MHK as of 1713139200 were 1872621 with a Short Ratio of 2.70, compared to 1710460800 on 1901812. Therefore, it implies a Short% of Shares Outstanding of 1872621 and a Short% of Float of 3.54.
