The price-to-earnings ratio for Otis Worldwide Corporation (NYSE: OTIS) is above average at 26.90x, Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Otis Worldwide Corporation (OTIS) is $88.08, which is $6.48 above the current market price. The public float for OTIS is 413.00M, and currently, short sellers hold a 0.99% ratio of that floaft. The average trading volume of OTIS on May 26, 2023 was 1.79M shares.
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OTIS) stock’s latest price update
Otis Worldwide Corporation (NYSE: OTIS) has seen a rise in its stock price by 0.41 in relation to its previous close of 81.10. However, the company has experienced a -3.63% decline in its stock price over 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
OTIS’s Market Performance
Otis Worldwide Corporation (OTIS) has seen a -3.63% fall in stock performance for the week, with a -0.55% decline in the past month and a -2.63% plunge in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 1.64% for OTIS. The simple moving average for the past 20 days is -3.83% for OTIS’s stock, with a 4.16% simple moving average for the past 200 days.
OTIS Trading at -1.65% 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 -6.76% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.33% upper at present.
During the last 5 trading sessions, OTIS fell by -3.63%, which changed the moving average for the period of 200-days by +3.26% in comparison to the 20-day moving average, which settled at $84.45. In addition, Otis Worldwide Corporation saw 3.98% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OTIS starting from Calleja Fernandez Bernardo, who sale 703 shares at the price of $86.85 back on Mar 06. After this action, Calleja Fernandez Bernardo now owns 22,215 shares of Otis Worldwide Corporation, valued at $61,058 using the latest closing price.
Calleja Fernandez Bernardo, the President, Otis EMEA of Otis Worldwide Corporation, sale 837 shares at $84.67 during a trade that took place back on Feb 14, which means that Calleja Fernandez Bernardo is holding 19,998 shares at $70,869 based on the most recent closing price.
Stock Fundamentals for OTIS
Current profitability levels for the company are sitting at:
- +15.16 for the present operating margin
- +28.78 for the gross margin
The net margin for Otis Worldwide Corporation stands at +9.16. The total capital return value is set at 56.45, while invested capital returns managed to touch 45.54. Equity return is now at value -25.90, with 13.10 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.90, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 3.51 and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In a nutshell, Otis Worldwide Corporation (OTIS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
