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MHK
Stock ticker:
NYSE
AS OF
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Capitalization
6.41B

MHK Price Prediction, Mohawk Industries AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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MHK Trading results, last 6 months
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A.I.Advisor
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12:00 AM EST Nov 29, 2022

MHK's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for MHK turned positive on November 10, 2022. Looking at past instances where MHK's MACD turned positive, the stock continued to rise in 37 of 52 cases over the following month. The odds of a continued upward trend are 71%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

MHK moved above its 50-day moving average on November 10, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MHK crossed bullishly above the 50-day moving average on November 16, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MHK advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 200 cases where MHK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MHK moved out of overbought territory on November 14, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where MHK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 28, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on MHK as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MHK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MHK broke above its upper Bollinger Band on November 11, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MHK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.820) is normal, around the industry mean (8.848). MHK has a moderately high P/E Ratio (37.453) as compared to the industry average of (18.725). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.231). MHK has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.552) is also within normal values, averaging (8.128).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MHK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

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A.I.Advisor
published price charts
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A.I. Advisor
published Earnings

MHK is expected to report earnings to fall 55.99% to $1.47 per share on February 09

Mohawk Industries MHK Stock Earnings Reports
Q4'22
Est.
$1.47
Q3'22
Missed
by $0.06
Q2'22
Beat
by $0.12
Q1'22
Beat
by $0.89
Q4'21
Beat
by $0.09
The last earnings report on October 27 showed earnings per share of $3.34, missing the estimate of $3.40. With 65.90K shares outstanding, the current market capitalization sits at 6.41B.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Whirlpool Corp (NYSE:WHR), iRobot Corp (NASDAQ:IRBT).

Industry description

The home furnishings industry includes companies that sell items like furniture, appliances, rugs, cooking utensils, and art objects. According to Mordor Intelligence, the U.S. home decor market is estimated to grow at CAGR 7.5% between 2019 and 2024. The market is being increasingly penetrated by e-commerce and m-commerce, while growing urbanization, and, consumers’ rising interest towards home decor are driving demand for the industry. Mohawk Industries, Inc., La-Z-Boy Incorporated, Leggett & Platt, Incorporated are some of the prominent companies in this space. Being usually discretionary for consumers, demand for furnishings could be affected by macroeconomic cycles.

Market Cap

The average market capitalization across the Home Furnishings Industry is 2.32B. The market cap for tickers in the group ranges from 1.04K to 31.13B. QIHCF holds the highest valuation in this group at 31.13B. The lowest valued company is KMFI at 1.04K.

High and low price notable news

The average weekly price growth across all stocks in the Home Furnishings Industry was 40%. For the same Industry, the average monthly price growth was 41%, and the average quarterly price growth was -14%. SNTW experienced the highest price growth at 2,635%, while ICPBF experienced the biggest fall at -96%.

Volume

The average weekly volume growth across all stocks in the Home Furnishings Industry was -6%. For the same stocks of the Industry, the average monthly volume growth was -35% and the average quarterly volume growth was -50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 45
P/E Growth Rating: 54
Price Growth Rating: 63
SMR Rating: 20
Profit Risk Rating: 90
Seasonality Score: -5 (-100 ... +100)
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published General Information

General Information

a company, which engages in producing floor covering products for residential and commercial

Industry HomeFurnishings

Profile
Fundamentals
Details
Industry
Home Furnishings
Address
160 South Industrial Boulevard
Phone
+1 706 629-7721
Employees
43000
Web
https://www.mohawkind.com
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MHK and

Correlation & Price change

A.I.dvisor indicates that over the last year, MHK has been closely correlated with WHR. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if MHK jumps, then WHR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MHK
1D Price
Change %
MHK100%
+1.26%
WHR - MHK
75%
Closely correlated
+1.50%
LEG - MHK
71%
Closely correlated
+0.20%
AMWD - MHK
65%
Loosely correlated
-0.39%
TPX - MHK
65%
Loosely correlated
-1.69%
PATK - MHK
62%
Loosely correlated
+0.99%
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