For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Otis Worldwide Corp (NYSE: OTIS) closed at $93.37 down -4.21% from its previous closing price of $97.47. In other words, the price has decreased by -$4.21 from its previous closing price. On the day, 4.22 million shares were traded. OTIS stock price reached its highest trading level at $96.91 during the session, while it also had its lowest trading level at $93.02.
Ratios:
For a deeper understanding of Otis Worldwide Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.99.
On February 22, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $102.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 21 ’24 when de Montlivault Stephane sold 18,393 shares for $91.10 per share. The transaction valued at 1,675,626 led to the insider holds 67,274 shares of the business.
LaFreniere Nora E. sold 22,106 shares of OTIS for $2,008,832 on Feb 20 ’24. The EVP, General Counsel now owns 24,927 shares after completing the transaction at $90.87 per share. On Feb 20 ’24, another insider, Ryan Michael Patrick, who serves as the SVP, CAO & Controller of the company, sold 3,522 shares for $90.77 each. As a result, the insider received 319,680 and left with 756 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 39395512320 and an Enterprise Value of 45756661760. As of this moment, Otis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.53, and their Forward P/E ratio for the next fiscal year is 21.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.66. Its current Enterprise Value per Revenue stands at 3.22 whereas that against EBITDA is 18.776.
Stock Price History:
Over the past 52 weeks, OTIS has reached a high of $100.35, while it has fallen to a 52-week low of $73.32. The 50-Day Moving Average of the stock is -2.92%, while the 200-Day Moving Average is calculated to be 6.32%.
Shares Statistics:
For the past three months, OTIS has traded an average of 1.91M shares per day and 2077830 over the past ten days. A total of 406.60M shares are outstanding, with a floating share count of 404.59M. Insiders hold about 0.21% of the company’s shares, while institutions hold 89.76% stake in the company. Shares short for OTIS as of 1711584000 were 5309614 with a Short Ratio of 2.78, compared to 1709164800 on 5401337. Therefore, it implies a Short% of Shares Outstanding of 5309614 and a Short% of Float of 1.48.
Dividends & Splits
According to the company, the forward annual dividend rate for OTIS is 1.36, from 1.31 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0134400325
