Otis Worldwide Corporation (NYSE:OTIS) shares traded higher over the last trading session, gaining 0.68% on 05/03/21. The shares fell to a low of $77.91 before closing at $78.40. Intraday shares traded counted 2.74 million, which was -1.09% lower than its 30-day average trading volume of 2.71M. OTIS’s previous close was $77.87 while the outstanding shares total 431.60M. The firm has a 12-month trailing P/E ratio of 32.49, and a growth ratio of 2.95. The stock’s Relative Strength Index (RSI) is 74.14, with weekly volatility at 2.09% and ATR at 1.55. The OTIS stock’s 52-week price range has touched low of $47.20 and a $79.50 high.
Investors have identified the Specialty Industrial Machinery company Otis Worldwide Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $34.00 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Otis Worldwide Corporation (OTIS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OTIS, the company has in raw cash 1.73 billion on their books with 341.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 6.35 billion total, with 6.39 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 3.13 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OTIS sounds very interesting.
Is the stock of OTIS attractive?
In related news, President, Otis China, Zheng Peiming sold 15,234 shares of the company’s stock in a transaction that recorded on Apr 28. The sale was performed at an average price of 78.67, for a total value of 1,198,474. As the sale deal closes, the Director, Stewart Shelley JR now sold 1,971 shares of the company’s stock, valued at 125,612. Also, EVP, Chief GC & Corp. Sec., LaFreniere Nora E. sold 754 shares of the company’s stock in a deal that was recorded on Feb 05. The shares were price at an average price of 63.93 per share, with a total market value of 48,203. Following this completion of acquisition, the VP, CAO & Controller, Ryan Michael Patrick now holds 463 shares of the company’s stock, valued at 29,600. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.04%.
7 out of 13 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Otis Worldwide Corporation. 0 analysts has assigned a Sell rating on the OTIS stock. The 12-month mean consensus price target for the company’s shares has been set at $81.88.