November 20, 2023, Carrier Global Corp (NYSE: CARR) trading session started at the price of $53.25, that was 0.70% jump from the session before. During the day, the shares moved up to $54.19 and dropped to $53.01 before settling in for the closing price of $53.22. A 52-week range for CARR has been $40.28 – $60.04.
During the last 5-year period, the sales growth of Industrials Sector giant was 3.10%. When this article was written, the company’s average yearly earnings per share was at 15.80%. With a float of $837.91 million, this company’s outstanding shares have now reached $839.05 million.
Let’s determine the extent of company efficiency that accounts for 52000 employees. In terms of profitability, gross margin is +26.80, operating margin of +20.98, and the pretax margin is +21.02.
Carrier Global Corp (CARR) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Carrier Global Corp stocks. The insider ownership of Carrier Global Corp is 0.14%, while institutional ownership is 93.87%. The most recent insider transaction that took place on Jul 31, was worth 9,743,763. In this transaction President, Fire & Security of this company sold 164,450 shares at a rate of $59.25, taking the stock ownership to the 0 shares. Before that another transaction happened on Jul 31, when Company’s President, Fire & Security sold 33,000 for $59.20, making the entire transaction worth $1,953,600. This insider now owns 6,747 shares in total.
Carrier Global Corp (CARR) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0.89 earnings per share (EPS) during the time that was better than consensus figure (set at $0.79) by $0.1. This company achieved a net margin of +17.31 while generating a return on equity of 48.66. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.91% during the next five years compared to 23.71% growth over the previous five years of trading.
Carrier Global Corp (NYSE: CARR) Trading Performance Indicators
You can see what Carrier Global Corp (CARR) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.03. Likewise, its price to free cash flow for the trailing twelve months is 19.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.41, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.89 in one year’s time.
Technical Analysis of Carrier Global Corp (CARR)
Looking closely at Carrier Global Corp (NYSE: CARR), its last 5-days average volume was 4.52 million, which is a drop from its year-to-date volume of 5.07 million. As of the previous 9 days, the stock’s Stochastic %D was 82.46%. Additionally, its Average True Range was 1.37.
During the past 100 days, Carrier Global Corp’s (CARR) raw stochastic average was set at 55.08%, which indicates a significant decrease from 90.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.56% in the past 14 days, which was lower than the 28.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.19, while its 200-day Moving Average is $49.03. However, in the short run, Carrier Global Corp’s stock first resistance to watch stands at $54.18. Second resistance stands at $54.78. The third major resistance level sits at $55.36. If the price goes on to break the first support level at $53.00, it is likely to go to the next support level at $52.42. Now, if the price goes above the second support level, the third support stands at $51.82.
Carrier Global Corp (NYSE: CARR) Key Stats
There are 839,047K outstanding shares of the company, which has a market capitalization of 44.96 billion. As of now, sales total 20,421 M while income totals 3,534 M. Its latest quarter income was 5,731 M while its last quarter net income were 357,000 K.