Otis Worldwide Corporation (NYSE:OTIS) went up by 2.29% from its latest closing price compared to the recent 1-year high of $92.84. The company’s stock price has collected 3.65% of gains in the last five trading sessions. The Wall Street Journal reported on 01/31/22 that Citrix, Spotify, Knightscope, Tesla: What to Watch in the Stock Market Today
Is It Worth Investing in Otis Worldwide Corporation (NYSE :OTIS) Right Now?
Otis Worldwide Corporation (NYSE:OTIS) scored a price-to-earnings ratio above its average ratio, recording 27.25 x from its present earnings ratio. Opinions of the stock are interesting as 6 analysts out of 17 who provided ratings for Otis Worldwide Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 8 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $79.69, which is $1.6 above the current price. OTIS currently public float of 422.43M and currently shorts hold a 1.60% ratio of that float. Today, the average trading volume of OTIS was 2.52M shares.
OTIS’s Market Performance
OTIS stocks went up by 3.65% for the week, with a monthly jump of 11.01% and a quarterly performance of 8.06%, while its annual performance rate touched -13.20%. The volatility ratio for the week stands at 2.37% while the volatility levels for the past 30 days are set at 2.41% for Otis Worldwide Corporation. The simple moving average for the period of the last 20 days is 9.54% for OTIS stocks with a simple moving average of 1.31% for the last 200 days.
Analysts’ Opinion of OTIS
Many brokerage firms have already submitted their reports for OTIS stocks, with JP Morgan repeating the rating for OTIS by listing it as a “Neutral.” The predicted price for OTIS in the upcoming period, according to JP Morgan is $62 based on the research report published on July 07th of the current year 2022.
Barclays gave a rating of “Overweight” to OTIS, setting the target price at $82 in the report published on May 24th of the current year.
OTIS Trading at 9.50% from the 50-Day Moving Average
After a stumble in the market that brought OTIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.66% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +11.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.88% upper at present.
During the last 5 trading sessions, OTIS rose by +3.65%, which changed the moving average for the period of 200-days by -5.79% in comparison to the 20-day moving average, which settled at $72.73. In addition, Otis Worldwide Corporation saw -9.00% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at OTIS starting from GHAI RAHUL, who sale 5,000 shares at the price of $77.87 back on Aug 02. After this action, GHAI RAHUL now owns 2,063 shares of Otis Worldwide Corporation, valued at $389,354 using the latest closing price.
GHAI RAHUL, the EVP, CFO of Otis Worldwide Corporation, sale 2,618 shares at $78.55 during a trade that took place back on Aug 01, which means that GHAI RAHUL is holding 7,063 shares at $205,631 based on the most recent closing price.
Stock Fundamentals for OTIS
Current profitability levels for the company are sitting at:
- +15.20 for the present operating margin
- +29.43 for the gross margin
The net margin for Otis Worldwide Corporation stands at +8.71. Equity return is now at value -28.40, with 11.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.