Otis Worldwide Corp (NYSE: OTIS)’s stock price has gone decline by -0.60 in comparison to its previous close of 95.98, however, the company has experienced a -1.95% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-25 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Is It Worth Investing in Otis Worldwide Corp (NYSE: OTIS) Right Now?
The price-to-earnings ratio for Otis Worldwide Corp (NYSE: OTIS) is above average at 28.13x. The 36-month beta value for OTIS is also noteworthy at 0.91. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for OTIS is 404.59M, and at present, short sellers hold a 1.31% of that float. The average trading volume of OTIS on April 17, 2024 was 1.88M shares.
OTIS’s Market Performance
OTIS stock saw a decrease of -1.95% in the past week, with a monthly decline of -2.69% and a quarterly a decrease of 11.64%. The volatility ratio for the week is 1.56%, and the volatility levels for the last 30 days are 1.25% for Otis Worldwide Corp (OTIS). The simple moving average for the past 20 days is -2.88% for OTIS’s stock, with a 8.88% simple moving average for the past 200 days.
Analysts’ Opinion of OTIS
Argus, on the other hand, stated in their research note that they expect to see OTIS reach a price target of $102. The rating they have provided for OTIS stocks is “Buy” according to the report published on February 22nd, 2024.
OTIS Trading at -0.33% 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 -4.93% of loss for the given period.
Volatility was left at 1.25%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares sank -3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.07% upper at present.
During the last 5 trading sessions, OTIS fell by -1.85%, which changed the moving average for the period of 200-days by +7.29% in comparison to the 20-day moving average, which settled at $98.07. In addition, Otis Worldwide Corp saw 6.63% 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 de Montlivault Stephane, who sale 18,393 shares at the price of $91.10 back on Feb 21 ’24. After this action, de Montlivault Stephane now owns 67,274 shares of Otis Worldwide Corp, valued at $1,675,626 using the latest closing price.
LaFreniere Nora E., the EVP, General Counsel of Otis Worldwide Corp, sale 22,106 shares at $90.87 during a trade that took place back on Feb 20 ’24, which means that LaFreniere Nora E. is holding 24,927 shares at $2,008,832 based on the most recent closing price.
Stock Fundamentals for OTIS
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.3 for the gross margin
The net margin for Otis Worldwide Corp stands at 0.1. The total capital return value is set at 0.6.
Based on Otis Worldwide Corp (OTIS), the company’s capital structure generated 3.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at -1.48. The interest coverage ratio of the stock is 14.77.
Currently, EBITDA for the company is 2.38 billion with net debt to EBITDA at 2.53. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 3.34for trailing twelve months and the total asset turnover is 1.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In summary, Otis Worldwide Corp (OTIS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
