The stock price of Otis Worldwide Corp (NYSE: OTIS) has plunged by -1.76 when compared to previous closing price of 101.52, but the company has seen a -0.43% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-31 that FARMINGTON, Conn., Oct. 31, 2024 /PRNewswire/ — The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis’ common stock.
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 24.84x, Company’s 36-month beta value is 0.94.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for OTIS is 399.00M, and currently, short sellers hold a 1.95% ratio of that floaft. The average trading volume of OTIS on November 13, 2024 was 2.09M shares.
OTIS’s Market Performance
The stock of Otis Worldwide Corp (OTIS) has seen a -0.43% decrease in the past week, with a -5.31% drop in the past month, and a 8.27% gain in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 1.76% for OTIS. The simple moving average for the past 20 days is -1.87% for OTIS’s stock, with a 3.25% simple moving average for the past 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 -0.26% 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 -6.21% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -4.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.95% upper at present.
During the last 5 trading sessions, OTIS fell by -0.43%, which changed the moving average for the period of 200-days by +11.65% in comparison to the 20-day moving average, which settled at $101.63. In addition, Otis Worldwide Corp saw 11.47% 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 Ryan Michael Patrick, who sale 5,638 shares at the price of $100.95 back on Nov 08 ’24. After this action, Ryan Michael Patrick now owns 756 shares of Otis Worldwide Corp, valued at $569,159 using the latest closing price.
Luersman Abbe, the EVP & CPO of Otis Worldwide Corp, sale 9,000 shares at $101.02 during a trade that took place back on Nov 07 ’24, which means that Luersman Abbe is holding 9,992 shares at $909,209 based on the most recent closing price.
Stock Fundamentals for OTIS
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.3 for the gross margin
The net margin for Otis Worldwide Corp stands at 0.11. The total capital return value is set at 0.92.
Based on Otis Worldwide Corp (OTIS), the company’s capital structure generated 2.85 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 -1.54. The interest coverage ratio of the stock is -52.61.
Currently, EBITDA for the company is 2.38 billion with net debt to EBITDA at 3.28. When we switch over and look at the enterprise to sales, we see a ratio of 3.28. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In a nutshell, Otis Worldwide Corp (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.
