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The price of Otis Worldwide Corp (NYSE: OTIS) closed at $93.03 in the last session, down -0.48% from day before closing price of $93.48. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 1.47 million shares were traded. OTIS stock price reached its highest trading level at $93.99 during the session, while it also had its lowest trading level at $92.71.
Ratios:
We take a closer look at OTIS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.79. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.79.
On February 22, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $102.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 07 ’24 when Zheng Peiming sold 30,364 shares for $93.69 per share. The transaction valued at 2,844,682 led to the insider holds 15,570 shares of the business.
de Montlivault Stephane sold 18,393 shares of OTIS for $1,675,626 on Feb 21 ’24. The President, Otis Asia Pacific now owns 67,274 shares after completing the transaction at $91.10 per share. On Feb 20 ’24, another insider, LaFreniere Nora E., who serves as the EVP, General Counsel of the company, sold 22,106 shares for $90.87 each. As a result, the insider received 2,008,832 and left with 24,927 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OTIS now has a Market Capitalization of 37263630336 and an Enterprise Value of 43947610112. As of this moment, Otis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.96, and their Forward P/E ratio for the next fiscal year is 21.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.63. Its current Enterprise Value per Revenue stands at 3.099 whereas that against EBITDA is 17.586.
Stock Price History:
Over the past 52 weeks, OTIS has reached a high of $100.84, while it has fallen to a 52-week low of $73.32. The 50-Day Moving Average of the stock is -4.28%, while the 200-Day Moving Average is calculated to be 1.59%.
Shares Statistics:
According to the various share statistics, OTIS traded on average about 2.19M shares per day over the past 3-months and 2785930 shares per day over the past 10 days. A total of 406.60M shares are outstanding, with a floating share count of 400.13M. Insiders hold about 0.11% of the company’s shares, while institutions hold 91.19% stake in the company. Shares short for OTIS as of 1721001600 were 5294553 with a Short Ratio of 2.42, compared to 1718323200 on 4976699. Therefore, it implies a Short% of Shares Outstanding of 5294553 and a Short% of Float of 1.48.
Dividends & Splits
The forward annual dividend rate for OTIS is 1.41, which was 1.41 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01508344
