Otis Worldwide Corporation (NYSE:OTIS) traded on Tuesday with an addition of $1.73 to $83.64, an upside of 2.11 percent. An average of 1,988,864 shares of common stock have been traded in the last five days. There was a fall of -$0.51 in the past week. The last 20 days have seen an average of 2,945,081 shares traded, while the 50-day average volume stands at 2,260,082.
OTIS stock has decreased by -11.03% in the last month. The company shares reached their 1-month lowest point of $81.05 on 10/01/21. With the stock rallying to its 52-week high on 08/30/21, shares of the company touched a low of $58.77 and a high of $92.84 in 52 weeks. In spite of this, the price is down -9.91% from the 52-week high.
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69 days have passed since Otis Worldwide Corporation (OTIS) last reported insider trading activity. Ryan Michael Patrick, who is VP, CAO & Controller, most recently acquired $2,220 shares at $87.44 per share on Jul 28. In this transaction, the insider spent $194,122. President, Otis EMEA, Calleja Fernandez Bernardo, disposed of 1,597 shares at a price of $87.80 on Jul 28. The insider now owns more than $140,224 worth of shares. Prior to that, President, Otis China Zheng Peiming went on to Sale 15,234 shares at $78.67 each on Apr 28. An amount of $1,198,474 was transacted.
Otis Worldwide Corporation (OTIS) has a trailing price-to-earnings (P/E) ratio of 30.89, which compares with the 23.81 for the broader industry and 28.50 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Otis Worldwide Corporation’s PE ratio has ranged between 34.73 and 15.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.51, and the price-to-cash flow ratio at 28.55.
Otis Worldwide Corporation will next go ex-dividend on 22-Nov. The next dividend payment Otis Worldwide Corporation will make is expected to be $0.24.
The quick ratio of Otis Worldwide Corporation for the three months ended June 29 was 0.90, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is 29.50%. Its gross profit as reported stood at $3.78 billion compared to revenue of $12.76 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Otis Worldwide Corporation’s return on assets was 10.80%, compared to over the last five years. In the past year, the return on investment has been 55.60%, and the 5-year average is. Meanwhile, the return on equity (ROE) for the past 12 months has been -29.50% and the 5-year average holds at.
From a technical analysis perspective, let’s take a brief look at Otis Worldwide Corporation (OTIS) price momentum. RSI 9-day as of the close on 04 October was 39.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.31%.
As of today, OTIS’s price is $82.64 -0.61% or -$0.51 from its 5-day moving average. OTIS is currently trading -6.91% lower than its 20-day SMA and +7.84% higher than its 100-day SMA. However, the stock’s current price level is -6.58% below the SMA50 and +26.46% above the SMA200.
The stochastic %K and %D were 15.66% and 11.89%, respectively, and the average true range (ATR) was 1.79. With the 14-day stochastic at 23.12% and the average true range at 1.74, the RSI (14) stands at 38.27%. The stock has reached -0.99 on the 9-day MACD Oscillator while the 14-day reading was at -1.35.
RBC Capital Mkts launched coverage on Otis Worldwide Corporation (NYSE: OTIS) in its analyst report released on July 07, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Otis Worldwide Corporation (OTIS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OTIS, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is OTIS’s price target for the next 12 months?
Analysts predict a range of price targets between $82.00 and $105.00, with a median target of $99.00. Taking a look at these predictions, the average price target given by analysts for Otis Worldwide Corporation (OTIS) stock is $96.83.