Otis Worldwide Corp (NYSE: OTIS) is 4.38% higher on its value in year-to-date trading and has touched a low of $73.32 and a high of $100.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OTIS stock was last observed hovering at around $93.42 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $93.39, the stock is -3.03% and -3.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing -0.03% at the moment leaves the stock 1.54% off its SMA200. OTIS registered 5.51% gain for a year compared to 6-month gain of 2.75%.
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The stock witnessed a -4.12% loss in the last 1 month and extending the period to 3 months gives it a 0.32%, and is -0.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.99% over the week and 2.01% over the month.
Otis Worldwide Corp (OTIS) has around 71000 employees, a market worth around $37.41B and $14.18B in sales. Current P/E ratio is 26.06 and Fwd P/E is 21.96. Profit margin for the company is 10.34%. Distance from 52-week low is 27.37% and -7.39% from its 52-week high. The company has generated returns on investments over the last 12 months (193.03%).
with sales reaching $3.59B over the same period.The EPS is expected to grow by 8.91% this year, but quarterly earnings will post 1.20% year-over-year.
Otis Worldwide Corp (OTIS) Top Institutional Holders
The shares outstanding are 406.60M, and float is at 400.13M with Short Float at 1.32%.
Otis Worldwide Corp (OTIS) Insider Activity
The most recent transaction is an insider sale by Zheng Peiming,the company’sEVP, Chief Product, Delivery. SEC filings show that Zheng Peiming sold 30,364 shares of the company’s common stock on May 07 ’24 at a price of $93.69 per share for a total of $2.84 million. Following the sale, the insider now owns 15570.0 shares.
Otis Worldwide Corp disclosed in a document filed with the SEC on Feb 21 ’24 that de Montlivault Stephane (President, Otis Asia Pacific) sold a total of 18,393 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $91.10 per share for $1.68 million. Following the transaction, the insider now directly holds 67274.0 shares of the OTIS stock.
Still, SEC filings show that on Feb 20 ’24, LaFreniere Nora E. (EVP, General Counsel) disposed off 22,106 shares at an average price of $90.87 for $2.01 million. The insider now directly holds 24,927 shares of Otis Worldwide Corp (OTIS).
