The stock of Carrier Global Corp (CARR) has seen a 0.36% increase in the past week, with a -1.18% drop in the past month, and a 11.61% flourish in the past quarter. The volatility ratio for the week is 2.94%, and the volatility levels for the past 30 days are at 2.48% for CARR. The simple moving average for the last 20 days is 1.61% for CARR stock, with a simple moving average of 14.26% for the last 200 days.
Is It Worth Investing in Carrier Global Corp (NYSE: CARR) Right Now?
Carrier Global Corp (NYSE: CARR) has a price-to-earnings ratio of 44.91x that is above its average ratio. Additionally, the 36-month beta value for CARR is 1.19. 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.”
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The public float for CARR is 841.17M and currently, short sellers hold a 1.82% ratio of that float. The average trading volume of CARR on June 24, 2024 was 4.11M shares.
CARR) stock’s latest price update
The stock price of Carrier Global Corp (NYSE: CARR) has surged by 2.70 when compared to previous closing price of 62.88, but the company has seen a 0.36% gain in its stock price over the last five trading sessions. fool.com reported 2024-06-23 that Many companies invest in automation to cut costs and reduce supply chain complexity. Efficient heating, ventilation, and air conditioning systems are a significant part of the fight to reduce harmful emissions.
Analysts’ Opinion of CARR
Wolfe Research, on the other hand, stated in their research note that they expect to see CARR reach a price target of $56. The rating they have provided for CARR stocks is “Underperform” according to the report published on October 12th, 2023.
JP Morgan gave a rating of “Underweight” to CARR, setting the target price at $53 in the report published on October 06th of the previous year.
CARR Trading at 4.35% from the 50-Day Moving Average
After a stumble in the market that brought CARR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.89% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares surge +0.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.06% upper at present.
During the last 5 trading sessions, CARR rose by +0.36%, which changed the moving average for the period of 200-days by +14.50% in comparison to the 20-day moving average, which settled at $63.57. In addition, Carrier Global Corp saw 12.41% 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 CARR starting from Crockett Kyle, who sale 4,611 shares at the price of $66.39 back on May 21 ’24. After this action, Crockett Kyle now owns 2,042 shares of Carrier Global Corp, valued at $306,134 using the latest closing price.
O’Connor Kevin J., the Senior VP & CLO of Carrier Global Corp, sale 20,000 shares at $65.73 during a trade that took place back on May 16 ’24, which means that O’Connor Kevin J. is holding 46,083 shares at $1,314,624 based on the most recent closing price.
Stock Fundamentals for CARR
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.29 for the gross margin
The net margin for Carrier Global Corp stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 12.64, with 3.70 for asset returns.
Based on Carrier Global Corp (CARR), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.46. The interest coverage ratio of the stock is 4.69.
Currently, EBITDA for the company is 3.39 billion with net debt to EBITDA at 4.79. When we switch over and look at the enterprise to sales, we see a ratio of 3.23. The receivables turnover for the company is 6.62for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In conclusion, Carrier Global Corp (CARR) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
