As of Friday close, Otis Worldwide Corporation’s (NYSE:OTIS) stock was down -$1.47, moving down -1.80 percent to $80.04. The average number of shares traded per day over the past five days has been 2,579,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.11 fall in that time frame. In the last twenty days, the average volume was 2,000,000, while in the previous 50 days, it was 1,868,190.
Since last month, OTIS stock retreated -5.36%. Shares of the company fell to $79.61 on 03/17/23, the lowest level in the past month. A 52-week high of $87.33 was reached on 03/06/23 after having rallying from a 52-week low of $62.49. Since the beginning of this year, OTIS’s stock price has risen by 2.21% or $1.73, and marked a new high 13 times. However, the stock has declined by -8.35% since its 52-week high.
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Sponsored
OTIS stock investors should be aware that Otis Worldwide Corporation (OTIS) stock had its last reported insider trading activity 12 days ago on Mar 06. Calleja Fernandez Bernardo, the President, Otis EMEA of the company, disposed of 703 shares for $86.85 on Mar 06. It resulted in a $61,058 divestment by the insider. Calleja Fernandez Bernardo sold 837 shares at an average price of $84.67 on Feb 14. The insider now owns 19,998 shares following the transaction. On Feb 06, VP, CAO & Controller Ryan Michael Patrick sold 3,018 shares at $84.46 apiece. The transaction was valued at $254,903.
Valuation Metrics
The latest dividend of $0.29 per share was paid out, remained unchanged from last year’s $0.29. On Friday April 22 2022, a $0.05 dividend increase was announced.
Financial Health
In the three months ended December 30, Otis Worldwide Corporation’s quick ratio stood at 0.80, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 28.60% percent. In the year ended December 30, operating margins totaled 14.90%. Based on annual data, OTIS earned $3.92 billion in gross profit and brought in $13.69 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 79.80%. Return on equity (ROE) for the past 12 months was -25.30%.
In Otis Worldwide Corporation’s quarter-end financial report for December 30, it reported total debt of $6.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OTIS’s revenue fell -3.78% to $3.34 billion during the quarter, while net income inched up to $3.44 billion. While analysts expected Otis Worldwide Corporation to report $0.74 quarterly earnings, the actual figure was $0.75 per share, beating the consensus estimate by 1.40%. During the quarter, the company generated $537.0 million in EBITDA. The liabilities of Otis Worldwide Corporation were 14.62 billion at the end of its most recent quarter ended December 30, and its total debt was $7.21 billion. The value of shareholders’ equity is $414.87 million.
Technical Picture
This quick technical analysis looks at Otis Worldwide Corporation’s (OTIS) price momentum. With a historical volatility rate of 21.47%, the RSI 9-day stood at 31.27% on 17 March.
With respect to its five-day moving average, the current Otis Worldwide Corporation price is down by -2.57% percent or -$2.11. At present, OTIS shares trade -4.25% below its 20-day simple moving average and +19.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.90% below its SMA50 and +7.58% above its SMA200.
Stochastic coefficient K was 16.42% and Stochastic coefficient D was 21.81%, while ATR was 1.79. Given the Stochastic reading of 5.57% for the 14-day period, the RSI (14) reading has been calculated as 37.03%. As of today, the MACD Oscillator reading stands at -1.86, while the 14-day reading stands at -2.95.
Analyst Ratings
Morgan Stanley launched its rating on Otis Worldwide Corporation (NYSE: OTIS) to an Equal-weight in a note to investors on January 06, 2023. Otis Worldwide Corporation (OTIS) has been rated Overweight by analysts. According to 1 brokerage firm, OTIS is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Otis Worldwide Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $89.00, the current consensus forecast for the stock is $72.00 – $95.00. Based on these forecasts, analysts predict Otis Worldwide Corporation (OTIS) will achieve an average price target of $85.36.