For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $91.43 in the prior trading day, Otis Worldwide Corp (NYSE: OTIS) closed at $93.03, up 1.75%. In other words, the price has increased by $1.75 from its previous closing price. On the day, 4.27 million shares were traded. OTIS stock price reached its highest trading level at $94.99 during the session, while it also had its lowest trading level at $90.85.
Ratios:
Our goal is to gain a better understanding of OTIS 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 39.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.07. 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:
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 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 37614170112 and an Enterprise Value of 46266277888. As of this moment, Otis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.99, and their Forward P/E ratio for the next fiscal year is 21.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65. Its current Enterprise Value per Revenue stands at 3.235 whereas that against EBITDA is 18.529.
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 -4.42%, while the 200-Day Moving Average is calculated to be 1.74%.
Shares Statistics:
The stock has traded on average 2.16M shares per day over the past 3-months and 2753490 shares per day over the last 10 days, according to various share statistics. A total of 406.60M shares are outstanding, with a floating share count of 403.89M. Insiders hold about 0.11% of the company’s shares, while institutions hold 90.49% stake in the company. Shares short for OTIS as of 1719532800 were 4781115 with a Short Ratio of 2.46, compared to 1717113600 on 7223566. Therefore, it implies a Short% of Shares Outstanding of 4781115 and a Short% of Float of 1.34000005.
