What’s Behind Otis Worldwide Corporation (OTIS) Volatile Ride?

 What’s Behind Otis Worldwide Corporation (OTIS) Volatile Ride?

Otis Worldwide Corporation (NYSE:OTIS) went down by -2.71% from its latest closing price when compared to the 1-year high value of $54.70 and move down -7.34%, while OTIS stocks collected -4.17% of loss with the last five trading sessions. Press Release reported on 05/12/20 that Otis CEO to present at Bernstein Strategic Decisions Conference

Otis Worldwide Corporation (NYSE:OTIS) Worth an Investment?

Otis Worldwide Corporation (NYSE:OTIS) of the analysts out of 0 who provided ratings for Otis Worldwide Corporation stocks as a “buy” while as overweight, rated it as hold and as sell. The average price we get from analysts is $58.29 which is $3.79 above current price. OTIS currently has a short float of 1.25% and public float of 433.05M with average trading volume of 5.49M shares.

OTIS Market Performance

OTIS stocks went down by -4.17% for the week, with the monthly jump of 2.21%. The simple moving average for the period of the last 20 days is 0.54% for OTIS stocks with the simple moving average of 6.51% for the last 200 days.

Analysts’ Opinion on Otis Worldwide Corporation (NYSE:OTIS)

Many brokerage firms have already submitted their reports for OTIS stocks, with Cowen repeating the rating for OTIS shares by setting it to “Outperform”. The predicted price for OTIS socks in the upcoming period according to Cowen is $64 based on the research report published on May 22, 2020.

Credit Suisse, on the other hand, stated in their research note that they expect to see OTIS stock at the price of $55. The rating they have provided for OTIS stocks is “Neutral” according to the report published on May 14, 2020.

William Blair gave “Mkt Perform” rating to OTIS stocks, setting the target price at $55 in the report published on May 8, 2020.

OTIS Stocks 6.51% Far from 50 Day Moving Average

After a stumble in the market that brought OTIS to its low price for the period of the last 52 weeks, Otis Worldwide Corporation was unable to take a rebound, for now settling with -6.84% of loss for the given period.

The stock volatility was left at 4.24%, however, within the period of a single month, the volatility rate increased by 4.19%, while the shares sank at the distance of -0.37% for the moving average in the last 20 days.

In the course of the last 5 trading sessions, OTIS went down by -4.17%. In addition, Otis Worldwide Corporation saw 12.62% in overturn over the period of a single year with a tendency to cut further gains.

OTIS Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Otis Worldwide Corporation (OTIS), starting from KEARNEY CHRISTOPHER J, who bought 1,926 shares at the price of $51.88 back on May 11. After this action, Rushing now owns 2,797 shares of Otis Worldwide Corporation, valued at $99,919 with the latest closing price.

de Montlivault Stephane, the President, Otis Asia Pacific of Otis Worldwide Corporation, sold 10,454 shares at the value of $51.81 during a trade that took place back on May 11, which means that de Montlivault Stephane is holding 0 shares at the value of $541,622 based on the most recent closing price.

OTIS Stock Fundamentals

The current profitability levels are settled at +14.42 for the present operating margin and +29.17 for gross margin. The net margin for Otis Worldwide Corporation stands at +8.51. Total capital return value is set at 73.79, while invested capital returns managed to touch 61.07.

Based on Otis Worldwide Corporation (OTIS), the company’s capital structure generated 32.94 points for debt to equity in total, while total debt to capital is set at the value of 24.78. Total debt to assets is settled at the value of 5.78 with long-term debt to equity ratio rests at 48.51 and long-term debt to capital is 22.71.

The receivables turnover for Otis Worldwide Corporation is 3.88 with the total asset turnover at the value of 1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.

An article written by Nicola Day on newsheater.com

Related post