On Monday, Carrier Global Corp (NYSE: CARR) was -2.43% down from the session before settling in for the closing price of $56.84. A 52-week range for CARR has been $40.28 – $60.87.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 3.51%. When this article was written, the company’s average yearly earnings per share was at 3.51%. With a float of $840.18 million, this company’s outstanding shares have now reached $900.10 million.
Considering the fact that the conglomerate employs 53000 people, you should pay attention to its efficiency factor.
Carrier Global Corp (CARR) Insider Activity
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 6.66%, while institutional ownership is 85.75%. The most recent insider transaction that took place on Feb 08 ’24, was worth 19,203,073. In this transaction Chairman and CEO of this company sold 354,539 shares at a rate of $54.16, taking the stock ownership to the 422,808 shares. Before that another transaction happened on Feb 08 ’24, when Company’s Senior VP & CLO sold 26,551 for $53.77, making the entire transaction worth $1,427,676. This insider now owns 66,083 shares in total.
Carrier Global Corp (CARR) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 23.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.20% during the next five years compared to -12.91% drop 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 2.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.26. Likewise, its price to free cash flow for the trailing twelve months is 23.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.58, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 3.08 in one year’s time.
Technical Analysis of Carrier Global Corp (CARR)
Compared to the last year’s volume of 4.76 million, its volume of 3.62 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 26.98%. Additionally, its Average True Range was 1.37.
During the past 100 days, Carrier Global Corp’s (CARR) raw stochastic average was set at 44.05%, which indicates a significant increase from 3.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.02% in the past 14 days, which was lower than the 26.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.45, while its 200-day Moving Average is $54.76. Nevertheless, the first resistance level for the watch stands at $56.99 in the near term. At $58.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $59.34. If the price goes on to break the first support level at $54.63, it is likely to go to the next support level at $53.81. Should the price break the second support level, the third support level stands at $52.28.
Carrier Global Corp (NYSE: CARR) Key Stats
There are 900,103K outstanding shares of the company, which has a market capitalization of 49.92 billion. As of now, sales total 22,098 M while income totals 1,349 M. Its latest quarter income was 5,102 M while its last quarter net income were 420,000 K.
