Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Carrier Global Corp (NYSE: CARR) closed at $66.69 down -0.51% from its previous closing price of $67.03. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 6.52 million shares were traded. CARR stock price reached its highest trading level at $68.39 during the session, while it also had its lowest trading level at $66.63.
Ratios:
For a deeper understanding of Carrier Global 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 26.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.46. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.73.
UBS Upgraded its Neutral to Buy on November 13, 2024, while the target price for the stock was maintained at $94.
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 Nov 07 ’24 when Crockett Kyle sold 11,647 shares for $76.34 per share. The transaction valued at 889,082 led to the insider holds 2,042 shares of the business.
O’Connor Kevin J. sold 167,183 shares of CARR for $12,281,698 on Nov 06 ’24. The Senior VP & CLO now owns 46,083 shares after completing the transaction at $73.46 per share. On Nov 07 ’24, another insider, Kyle Crockett, who serves as the Officer of the company, bought 11,647 shares for $76.33 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 59836071936 and an Enterprise Value of 70837092352. As of this moment, Carrier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.42, and their Forward P/E ratio for the next fiscal year is 21.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.50 while its Price-to-Book (P/B) ratio in mrq is 4.53. Its current Enterprise Value per Revenue stands at 2.856 whereas that against EBITDA is 21.349.
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 $53.13. The 50-Day Moving Average of the stock is -11.82%, while the 200-Day Moving Average is calculated to be -1.91%.
Shares Statistics:
For the past three months, CARR has traded an average of 4.27M shares per day and 4935980 over the past ten days. A total of 997.11M shares are outstanding, with a floating share count of 837.53M. Insiders hold about 6.65% of the company’s shares, while institutions hold 85.07% stake in the company. Shares short for CARR as of 1732838400 were 11109821 with a Short Ratio of 2.60, compared to 1730332800 on 10169644. Therefore, it implies a Short% of Shares Outstanding of 11109821 and a Short% of Float of 1.97.
Dividends & Splits
According to the company, the forward annual dividend rate for CARR is 0.76, from 0.76 in the trailing year. Against a Trailing Annual Dividend Yield of 0.011338207
