Otis Worldwide Corp (OTIS) concluded trading on Wednesday at a closing price of $93.37, with 4.22 million shares of worth about $394.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.40% during that period and on April 24, 2024 the price saw a loss of about -4.21%. Currently the company’s common shares owned by public are about 406.60M shares, out of which, 404.59M shares are available for trading.
Stock saw a price change of -1.67% in past 5 days and over the past one month there was a price change of -5.72%. Year-to-date (YTD), OTIS shares are showing a performance of 4.36% which increased to 12.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $73.32 but also hit the highest price of $100.35 during that period. The average intraday trading volume for Otis Worldwide Corp shares is 1.91 million. The stock is currently trading -4.10% below its 20-day simple moving average (SMA20), while that difference is down -2.92% for SMA50 and it goes to 6.32% higher than SMA200.
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Otis Worldwide Corp (NYSE: OTIS) currently have 406.60M outstanding shares and institutions hold larger chunk of about 89.76% of that.
The stock has a current market capitalization of $37.86B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 27.53, while it has posted earnings per share of $3.39 in the same period. Its PEG reads 2.71 and has Quick Ratio of 0.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OTIS, volatility over the week remained 1.96% while standing at 1.50% over the month.
Stock’s fiscal year EPS is expected to rise by 8.87% while it is estimated to increase by 11.08% in next year. EPS is likely to grow at an annualized rate of 10.15% for next 5-years, compared to annual growth of 6.96% made by the stock over the past 5-years.
Coverage by Argus stated Otis Worldwide Corp (OTIS) stock as a Buy in their note to investors on February 22, 2024, suggesting a price target of $102 for the stock. On January 02, 2024, Vertical Research Downgrade their recommendations, while on October 03, 2023, UBS Initiated their ratings for the stock with a price target of $87. Stock get an Equal weight rating from Wells Fargo on May 01, 2023.
