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After finishing at $81.61 in the prior trading day, Carrier Global Corp (NYSE: CARR) closed at $81.05, down -0.69%. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 3.27 million shares were traded. CARR stock price reached its highest trading level at $81.685 during the session, while it also had its lowest trading level at $80.88.
Ratios:
Our goal is to gain a better understanding of CARR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.33. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stephens on Oct-17-24, Downgraded its rating to Equal-Weight and sets its target price to $85 from $75 previously.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 28 ’24 when Jurgen Timperman bought 101 shares for $71.29 per share.
Agrawal Ajay sold 62,382 shares of CARR for $4,026,758 on Aug 08 ’24. The Senior VP, Strategy & Services now owns 103,066 shares after completing the transaction at $64.55 per share. On Aug 08 ’24, another insider, AJAY AGRAWAL, who serves as the Officer of the company, bought 62,382 shares for $64.55 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CARR now has a Market Capitalization of 73168052224 and an Enterprise Value of 84428177408. As of this moment, Carrier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.57, and their Forward P/E ratio for the next fiscal year is 26.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.09 while its Price-to-Book (P/B) ratio in mrq is 5.31. Its current Enterprise Value per Revenue stands at 3.562 whereas that against EBITDA is 27.745.
Stock Price History:
Over the past 52 weeks, CARR has reached a high of $83.32, while it has fallen to a 52-week low of $45.68. The 50-Day Moving Average of the stock is 8.88%, while the 200-Day Moving Average is calculated to be 27.40%.
Shares Statistics:
The stock has traded on average 3.50M shares per day over the past 3-months and 3067630 shares per day over the last 10 days, according to various share statistics. A total of 902.75M shares are outstanding, with a floating share count of 842.91M. Insiders hold about 6.63% of the company’s shares, while institutions hold 85.00% stake in the company. Shares short for CARR as of 1727654400 were 11119805 with a Short Ratio of 3.17, compared to 1724976000 on 11625539. Therefore, it implies a Short% of Shares Outstanding of 11119805 and a Short% of Float of 1.95.
Dividends & Splits
In the trailing 12 months, CARR’s forward annual dividend rate was 0.755, compared to 0.76 this year. Against a Trailing Annual Dividend Yield of 0.009251317
