In the past week, CARR stock has gone down by -4.92%, with a monthly decline of -6.08% and a quarterly plunge of -12.89%. The volatility ratio for the week is 1.97%, and the volatility levels for the last 30 days are 1.80% for Carrier Global Corp The simple moving average for the past 20 days is -5.75% for CARR’s stock, with a -7.76% simple moving average for the past 200 days.
Is It Worth Investing in Carrier Global Corp (NYSE: CARR) Right Now?
The price-to-earnings ratio for Carrier Global Corp (NYSE: CARR) is above average at 16.75x. The 36-month beta value for CARR is also noteworthy at 1.23. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
The public float for CARR is 837.38M, and at present, short sellers hold a 1.35% of that float. The average trading volume of CARR on February 03, 2025 was 4.96M shares.
CARR) stock’s latest price update
Carrier Global Corp (NYSE: CARR) has seen a decline in its stock price by -1.94 in relation to its previous close of 65.38. However, the company has experienced a -4.92% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-29 that PALM BEACH GARDENS, Fla., Jan. 29, 2025 /PRNewswire/ — Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, has again been named to Fortune’s 2025 list of the World’s Most Admired Companies, marking its fourth-consecutive year being included.
Analysts’ Opinion of CARR
Many brokerage firms have already submitted their reports for CARR stocks, with Goldman repeating the rating for CARR by listing it as a “Buy.” The predicted price for CARR in the upcoming period, according to Goldman is $96 based on the research report published on December 12, 2024 of the previous year 2024.
UBS gave a rating of “Buy” to CARR, setting the target price at $94 in the report published on November 13th of the previous year.
CARR Trading at -9.43% 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 -23.05% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -6.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.44% lower at present.
During the last 5 trading sessions, CARR fell by -4.94%, which changed the moving average for the period of 200-days by +17.06% in comparison to the 20-day moving average, which settled at $68.02. In addition, Carrier Global Corp saw -6.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CARR starting from Crockett Kyle, who sale 11,647 shares at the price of $76.34 back on Nov 07 ’24. After this action, Crockett Kyle now owns 2,042 shares of Carrier Global Corp, valued at $889,082 using the latest closing price.
O’Connor Kevin J., the Senior VP & CLO of Carrier Global Corp, sale 167,183 shares at $73.46 during a trade that took place back on Nov 06 ’24, which means that O’Connor Kevin J. is holding 46,083 shares at $12,281,698 based on the most recent closing price.
Stock Fundamentals for CARR
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.28 for the gross margin
The net margin for Carrier Global Corp stands at 0.14. The total capital return value is set at 0.09. Equity return is now at value 31.39, with 10.76 for asset returns.
Based on Carrier Global Corp (CARR), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 4.24.
Currently, EBITDA for the company is 2.99 billion with net debt to EBITDA at 2.78. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 8.79for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In summary, Carrier Global Corp (CARR) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
