As on Wednesday, Otis Worldwide Corp (NYSE: OTIS) got off with the flyer as it spiked 0.25% to $91.43, before settling in for the price of $91.20 at the close. Taking a more long-term approach, OTIS posted a 52-week range of $73.32-$100.35.
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It was noted that the giant of the Industrials sector posted annual sales growth of 2.09% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 6.96%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 9.28%. This publicly-traded company’s shares outstanding now amounts to $406.60 million, simultaneously with a float of $403.54 million. The organization now has a market capitalization sitting at $36.97 billion. At the time of writing, stock’s 50-day Moving Average stood at $96.33, while the 200-day Moving Average is $87.95.
Otis Worldwide Corp (OTIS) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Specialty Industrial Machinery industry. Otis Worldwide Corp’s current insider ownership accounts for 0.19%, in contrast to 90.00% institutional ownership. According to the most recent insider trade that took place on Feb 21 ’24, this organization’s President, Otis Asia Pacific sold 18,393 shares at the rate of 91.10, making the entire transaction reach 1,675,626 in total value, affecting insider ownership by 67,274. Preceding that transaction, on Feb 20 ’24, Company’s EVP, General Counsel sold 22,106 for 90.87, making the whole transaction’s value amount to 2,008,832. This particular insider is now the holder of 24,927 in total.
Otis Worldwide Corp (OTIS) Earnings and Revenue Records
Otis Worldwide Corp’s EPS increase for this current 12-month fiscal period is 9.28% and is forecasted to reach 4.28 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 10.50% through the next 5 years, which can be compared against the 6.96% growth it accomplished over the previous five years trading on the market.
Otis Worldwide Corp (NYSE: OTIS) Trading Performance Indicators
Let’s observe the current performance indicators for Otis Worldwide Corp (OTIS). It’s Quick Ratio in the last reported quarter now stands at 0.88. The Stock has managed to achieve an average true range (ATR) of 1.73. Alongside those numbers, its PE Ratio stands at $26.40, and its Beta score is 0.93. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.59. Similarly, its price to free cash flow for trailing twelve months is now 26.87.
In the same vein, OTIS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.46, a figure that is expected to reach 1.02 in the next quarter, and analysts are predicting that it will be 4.28 at the market close of one year from today.
Technical Analysis of Otis Worldwide Corp (OTIS)
Through scrutinizing the latest numbers posted by the [Otis Worldwide Corp, OTIS], it can be observed that its last 5-days Average volume of 2.05 million was better the volume of 2.03 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 11.80% While, its Average True Range was 1.86.
Raw Stochastic average of Otis Worldwide Corp (OTIS) in the period of the previous 100 days is set at 40.25%, which indicates a major rise in contrast to 11.87% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 23.52% that was higher than 15.83% volatility it exhibited in the past 100-days period.
