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As of close of business last night, Mohawk Industries, Inc.’s stock clocked out at $156.48, down -2.85% from its previous closing price of $161.07. In other words, the price has decreased by -$2.85 from its previous closing price. On the day, 1.08 million shares were traded. MHK stock price reached its highest trading level at $163.99 during the session, while it also had its lowest trading level at $154.65.
Ratios:
To gain a deeper understanding of MHK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.26.
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, BofA Securities on July 26, 2024, Upgraded its rating to Buy and sets its target price to $177 from $120 previously.
On June 10, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Mkt Perform but kept the price unchanged to $140.
Deutsche Bank Upgraded its Hold to Buy on February 12, 2024, whereas the target price for the stock was revised from $98 to $152.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 30 ’24 when LORBERBAUM JEFFREY S bought 4,200 shares for $545.77 per share.
LORBERBAUM JEFFREY S sold 4,200 shares of MHK for $674,478 on Jul 30 ’24. The CHIEF EXECUTIVE OFFICER now owns 0 shares after completing the transaction at $160.59 per share. On Jul 29 ’24, another insider, LORBERBAUM JEFFREY S, who serves as the Affiliate of the company, bought 10,000 shares for $160.71 each.
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 9876563968 and an Enterprise Value of 12206159872. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 1.124 whereas that against EBITDA is 8.133.
Stock Price History:
Over the past 52 weeks, MHK has reached a high of $164.05, while it has fallen to a 52-week low of $76.02. The 50-Day Moving Average of the stock is 29.33%, while the 200-Day Moving Average is calculated to be 43.61%.
Shares Statistics:
It appears that MHK traded 748.40K shares on average per day over the past three months and 1258960 shares per day over the past ten days. A total of 63.69M shares are outstanding, with a floating share count of 52.14M. Insiders hold about 17.40% of the company’s shares, while institutions hold 84.05% stake in the company. Shares short for MHK as of 1721001600 were 2306421 with a Short Ratio of 3.08, compared to 1718323200 on 1898827. Therefore, it implies a Short% of Shares Outstanding of 2306421 and a Short% of Float of 4.36.
