The stock of Carrier Global Corp (CARR) has seen a -1.56% decrease in the past week, with a 1.83% gain in the past month, and a 19.20% flourish in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.62% for CARR. The simple moving average for the past 20 days is 0.67% for CARR’s stock, with a 27.15% simple moving average for the past 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 21.66x 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 5 analysts rating it as a “buy,” 7 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CARR is 842.91M and currently, short sellers hold a 1.32% ratio of that float. The average trading volume of CARR on October 22, 2024 was 3.41M shares.
CARR) stock’s latest price update
Carrier Global Corp (NYSE: CARR) has experienced a decline in its stock price by -0.21 compared to its previous closing price of 81.55. However, the company has seen a fall of -1.56% in its stock price over the last five trading days. zacks.com reported 2024-10-21 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Carrier Global (CARR), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended September 2024.
Analysts’ Opinion of CARR
Many brokerage firms have already submitted their reports for CARR stocks, with Stephens repeating the rating for CARR by listing it as a “Equal-Weight.” The predicted price for CARR in the upcoming period, according to Stephens is $85 based on the research report published on October 16, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CARR reach a price target of $83, previously predicting the price at $48. The rating they have provided for CARR stocks is “Neutral” according to the report published on October 10th, 2024.
CARR Trading at 7.80% 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 -2.33% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.41% upper at present.
During the last 5 trading sessions, CARR fell by -1.56%, which changed the moving average for the period of 200-days by +46.68% in comparison to the 20-day moving average, which settled at $80.83. In addition, Carrier Global Corp saw 41.65% 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 Jurgen Timperman, who proposed sale 101 shares at the price of $71.29 back on Aug 28 ’24. After this action, Jurgen Timperman now owns shares of Carrier Global Corp, valued at $7,200 using the latest closing price.
Agrawal Ajay, the Senior VP, Strategy & Services of Carrier Global Corp, sale 62,382 shares at $64.55 during a trade that took place back on Aug 08 ’24, which means that Agrawal Ajay is holding 103,066 shares at $4,026,758 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 0.14. The total capital return value is set at 0.08. Equity return is now at value 31.13, with 10.14 for asset returns.
Based on Carrier Global Corp (CARR), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 4.37.
Currently, EBITDA for the company is 3.39 billion with net debt to EBITDA at 3.16. When we switch over and look at the enterprise to sales, we see a ratio of 3.56. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, Carrier Global Corp (CARR) has seen better performance in recent times. Analysts have a bullish 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.
