Mohawk Group (MWK) released a positive report for 2020 and raised its forecast for 2021. The MWK stock is currently trading at around $36.48, which means its value has gone up 2469.01% since its 52-week low. Within intraday trading, MWK shares have hit a high of $38.82 and a low of $32.01. In the last 52 weeks, the company’s shares have touched a high of $48.99 and a low of $1.42, while recent trading has seen an intraday movement of just 0.69%.
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Mohawk Group is an Internet marketing company that delivers advertising and search services. Mohawk originally developed the AIMEE engine with artificial intelligence (AI) features. A search engine analyzing application can help you identify which products consumers prefer, track consumer preference trends, and much more. A Mohawk platform result is sold to businesses seeking to improve marketing effectiveness and sales volume.
Mohawk Group (MWK) had a $62.3 million increase in revenues YoY and improved its gross margin to 45.6 % last year. The net loss of $ 63.1 million exceeded $ 58.8 million the previous year. Five new Mohawk products were launched in Q4 and 37 in a year. A total of $26.7 million was held in cash and equivalents.
Mohawk Group’s (MWK) revenue is expected to increase from $ 350 million to $ 380 million and EBITDA to $ 30 million to $ 34 million by 2021. Several acquisition targets have been set with total revenues of over $ 520 million and an EBITDA of $ 97 million. Acquiring the UK brand of printing supplies from Photo Paper Direct, Photo Paper Direct can expand into the European market. On the European Amazon site, this business has good sales.
