Mohawk Industries, Inc. (NYSE:MHK) price on Friday, July 12, rose 3.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $124.97.
A look at the stock’s price movement, the close in the last trading session was $121.30. Turning to its 52-week performance, $131.19 and $76.02 were the 52-week high and 52-week low respectively. Overall, MHK moved 9.87% over the past month.
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Mohawk Industries, Inc.’s market cap currently stands at around $7.98 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MHK is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
MHK’s current price about 11.97% and 8.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.40, while 7-day volatility ratio is 3.06% and 2.77% in the 30-day chart. Further, Mohawk Industries, Inc. (MHK) has a beta value of 1.39, and an average true range (ATR) of 3.61.
If we refocus on Mohawk Industries, Inc. (NYSE:MHK), historical trading data shows that trading volumes averaged 657.62K over the past 3 months. The company’s latest data on shares outstanding shows there are 63.69 million shares.
The 17.40% of Mohawk Industries, Inc.’s shares are in the hands of company insiders while institutional holders own 80.57% of the company’s shares. Current price change has pushed the stock 20.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MHK stock continues to rise going into the next quarter.
