Otis Worldwide Corp (OTIS) concluded trading on Thursday at a closing price of $104.30, with 2.84 million shares of worth about $296.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.33% during that period and on October 03, 2024 the price saw a loss of about -0.49%. Currently the company’s common shares owned by public are about 406.60M shares, out of which, 400.11M shares are available for trading.
Stock saw a price change of 0.89% in past 5 days and over the past one month there was a price change of 10.65%. Year-to-date (YTD), OTIS shares are showing a performance of 16.58% which increased to 31.36% 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 $105.24 during that period. The average intraday trading volume for Otis Worldwide Corp shares is 2.26 million. The stock is currently trading 7.59% above its 20-day simple moving average (SMA20), while that difference is up 10.03% for SMA50 and it goes to 10.32% 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 90.93% of that.
The stock has a current market capitalization of $41.78B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 29.11, while it has posted earnings per share of $3.58 in the same period. Its PEG reads 2.84 and has Quick Ratio of 0.71. 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 1.74% while standing at 1.86% over the month.
Stock’s fiscal year EPS is expected to rise by 9.27% while it is estimated to increase by 9.67% in next year. EPS is likely to grow at an annualized rate of 10.25% for next 5-years, compared to annual growth of 6.96% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on September 06, 2024 offering an Equal-weight rating for the stock and assigned a target price of $97 to it. Stock get a Neutral rating from UBS on October 03, 2023.
