Otis Worldwide Corp (NYSE: OTIS) has a price-to-earnings ratio of 28.73x that is above its average ratio. Additionally, the 36-month beta value for OTIS is 0.93. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for OTIS is 400.11M and currently, short sellers hold a 2.12% ratio of that float. The average trading volume of OTIS on October 23, 2024 was 2.23M shares.
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OTIS) stock’s latest price update
Otis Worldwide Corp (NYSE: OTIS) has seen a decline in its stock price by -2.43 in relation to its previous close of 105.52. However, the company has experienced a -1.45% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-22 that Otis Worldwide Corporation’s share price increased over 160% since its spin-off. Potential for a further increase due to market tailwinds, including China’s $325 billion stimulus and FED’s interest rate cuts. Despite a decline in new equipment sales, Otis improved earnings through its service segment, which has higher margins, and more controlled production costs. Weak cash flow and low liquidity ratios are a concern, but I expect improvement as equipment sales recover.
OTIS’s Market Performance
Otis Worldwide Corp (OTIS) has seen a -1.45% fall in stock performance for the week, with a 6.97% gain in the past month and a 12.61% surge in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.82% for OTIS. The simple moving average for the last 20 days is -0.93% for OTIS stock, with a simple moving average of 7.68% for the last 200 days.
Analysts’ Opinion of OTIS
Morgan Stanley, on the other hand, stated in their research note that they expect to see OTIS reach a price target of $97. The rating they have provided for OTIS stocks is “Equal-Weight” according to the report published on September 06th, 2024.
OTIS Trading at 5.22% 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 -3.17% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +4.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.56% upper at present.
During the last 5 trading sessions, OTIS fell by -1.45%, which changed the moving average for the period of 200-days by +17.66% in comparison to the 20-day moving average, which settled at $103.92. In addition, Otis Worldwide Corp saw 15.08% 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 Anurag Maheshwari, who proposed sale 32,987 shares at the price of $94.89 back on Sep 16 ’24. After this action, Anurag Maheshwari now owns shares of Otis Worldwide Corp, valued at $3,130,000 using the latest closing price.
Anurag Maheshwari, the Officer of Otis Worldwide Corp, proposed sale 35,546 shares at $95.00 during a trade that took place back on Sep 04 ’24, which means that Anurag Maheshwari is holding shares at $3,376,870 based on the most recent closing price.
Stock Fundamentals for OTIS
Current profitability levels for the company are sitting at:
- 0.16 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 1.13.
Based on Otis Worldwide Corp (OTIS), the company’s capital structure generated 3.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at -1.42. The interest coverage ratio of the stock is 14.75.
Currently, EBITDA for the company is 2.38 billion with net debt to EBITDA at 2.7. When we switch over and look at the enterprise to sales, we see a ratio of 3.37. The receivables turnover for the company is 3.26for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Otis Worldwide Corp (OTIS) 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.
