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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:25:00 EST
Mohawk Industries Inc (MHK)
Industry: Furnishings, Fixtures & Appliances
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MHK has been trading in a range between $132.70 and $108.83 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MHK is breaking above top of the recent 20 day range at $132.70 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Mohawk Industries Inc $MHK entered a Green zone 12 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $106.92, a potential down side of -33.47% from the recent price of 160.71. The stock is trading -14.91% (potential upside) below its 52 week high of $136.75 and 111.4 % (potential downside) above its 52 week low of $76.02 - based on the recent price.
Company Summary
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.
News
| Earnings and a Bullish Upgrade Sent This Flooring Company's Stock Flying Shares of Mohawk Industries (MHK) surged Friday after the company reported second-quarter financial results — and got a bullish pat on the back from analysts at Bank of America. Source: Investopedia Fri, 26 Jul 2024 16:20:32 -0400 Sentiment: Positive |
| Mohawk Industries, Inc. (MHK) Q2 2024 Earnings Call Transcript Mohawk Industries, Inc. (NYSE:MHK ) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman & CEO Chris Wellborn - President, COO & Director Conference Call Participants Eric Bosshard - Cleveland Research David MacGregor - Longbow Research Susan Maklari - Goldman Sachs Mike Dahl - RBC Capital Markets Keith Hughes - Truist Securities Michael Rehaut - JPMorgan Phil Ng - Jefferies Matthew Bouley - Barclays Adam Baumgarten - Zelman & Associates Kathryn Thompson - Thompson Research Group Rafe Jadrosich - Bank of America Merrill Lynch Laura Champine - Loop Capital Operator Good morning, everyone, and welcome to the Mohawk Industries Second Quarter 2024 Earnings Conference Call. [Operator Instructions]. Source: Seeking Alpha Fri, 26 Jul 2024 15:57:07 -0400 Sentiment: Neutral |
| Mohawk's (MHK) Shares Up on Q2 Earnings Beat, Net Sales Miss Mohawk's (MHK) second-quarter 2024 results reflect soft consumer demand due to ongoing inflation and market volatility. Yet, strategic restructuring plans and cost-effective initiatives bode well for the bottom line. Source: Zacks Investment Research Fri, 26 Jul 2024 14:06:15 -0400 Sentiment: Positive |
| Mohawk Industries' stock rallies as flooring-products maker draws upgrade on boosted profit view Mohawk Industries Inc.'s stock jumped 17% on Friday after the maker of flooring products said it would beat analyst estimates for its third quarter and revealed plans to cut more costs, and after drawing an upgrade to buy from hold from BofA Securities. Source: Market Watch Fri, 26 Jul 2024 10:46:00 -0400 Sentiment: Positive |
| Here's What Key Metrics Tell Us About Mohawk Industries (MHK) Q2 Earnings The headline numbers for Mohawk Industries (MHK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. Source: Zacks Investment Research Thu, 25 Jul 2024 19:00:53 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 162.865 52 Week Low: 76.02 Beta: 1.384 50 Day MA: 118.5684 200 Day MA: 107.7678 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.557 Qtr Revenue Growth YOY: -0.051 Forward PE: 12.0482 Trailing PE: 0