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Last Price: 114.94 - Change: 1.01 - Change %: 0.8865
02/23/2024 16:10:00 EST

Mohawk Industries Inc (MHK)

Industry: Furnishings, Fixtures & Appliances

Price Support Resistance

In the past 20 trading days, MHK has been trading in a range between $117.24 and $100.97 (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 trading below resistance at $117.24, about 2% to the upside. There is support at $105.28 -8% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. 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 21 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $106.92, a potential down side of -6.98% from the recent price of 114.94. Our AI powered stock target predictor currently has a target price of $111.03 a potential move of -3%. The stock is trading 2.98% (potential upside) below its 52 week high of $118.36 and 51.2 % (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, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

MHK Website

News

2 Popular Dividend Stocks That Could Cut The Cheese
Some sub-sectors of the market are facing severe challenges. Even some blue chips are at risk of a dividend cut. We highlight 2 popular dividend stock that could cut soon.
Source: Seeking Alpha
Wed, 21 Feb 2024 08:05:00 -0500
Sentiment: Negative
Looming Layoffs? 3 Companies That May Be the Next to Drop the Axe.
Al Jazeera has called 2023 “the year of the layoffs.” As the news organization pointed out recently, it started badly in 2023, when Salesforce (NYSE: CRM ) cut 10% of its global staff.
Source: InvestorPlace
Mon, 19 Feb 2024 16:33:18 -0500
Sentiment: Negative
Mohawk Industries, Inc. (MHK) Q4 2023 Earnings Call Transcript
Mohawk Industries, Inc. (MHK) Q4 2023 Earnings Call Transcript
Source: Seeking Alpha
Fri, 09 Feb 2024 19:15:02 -0500
Sentiment: Neutral
Mohawk (MHK) Q4 Earnings & Revenues Top, Q1 View Tepid
Mohawk's (MHK) fourth-quarter 2023 results reflect low input costs, cost-reducing initiatives and productivity benefits, partially offset by low contributions from Flooring North America and Flooring Rest of the World segments.
Source: Zacks Investment Research
Fri, 09 Feb 2024 12:30:21 -0500
Sentiment: Positive
Mohawk Industries (MHK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Mohawk Industries (MHK) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Source: Zacks Investment Research
Thu, 08 Feb 2024 19:01:20 -0500
Sentiment: Positive
Instituions Institution %: 82.645
Last QTR Institution change: -799419

Insiders
Insiders %: 17.233
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 47629
Insiders Net last QTR: -47629

Analyst Ratings
Target Price: 106.92
Overall Rating: 3.3333
Strong Buys (5): 4
Buys (4): 1
Holds (3): 11
Sells (2): 1
Strong Sells (1): 1

Technicals
52 Week Hi: 118.36
52 Week Low: 76.02
Beta: 1.315
50 Day MA: 105.4636
200 Day MA: 97.111

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 3.177
Qtr Revenue Growth YOY: -0.014
Forward PE: 12.2399
Trailing PE: 0

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