Otis Worldwide Corp [NYSE: OTIS] plunged by -$6.65 during the normal trading session on while it closed the day at $92.30.
Otis Worldwide Corp stock has also loss -6.57% of its value over the past 7 days. However, OTIS stock has declined by -3.24% in the 3 months of the year. Over the past six months meanwhile, it has lost -12.93% and lost -0.33% year-on date.
The market cap for OTIS stock reached $36.52 billion, with 397.60 million shares outstanding and 395.09 million shares in the current float. Compared to the average trading volume of 2.54M shares, OTIS reached a trading volume of 5325233 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Otis Worldwide Corp [OTIS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OTIS shares is $99.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OTIS stock is a recommendation set at 2.82. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Otis Worldwide Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 12, 2024. The new note on the price target was released on December 05, 2024, representing the official price target for Otis Worldwide Corp stock. Previously, the target price had yet another raise from $97 to $113, while UBS kept a Neutral rating on OTIS stock.
The Average True Range (ATR) for Otis Worldwide Corp is set at 3.18, with the Price to Sales ratio for OTIS stock in the period of the last 12 months amounting to 2.56. Price to Free Cash Flow for OTIS in the course of the last twelve months was 25.41 with Quick ratio for the last quarter at 0.92.
OTIS stock trade performance evaluation
Otis Worldwide Corp [OTIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.57. With this latest performance, OTIS shares dropped by -8.96% in over the last four-week period, additionally sinking by -12.93% over the last 6 months – not to mention a drop of -2.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OTIS stock in for the last two-week period is set at 38.30, with the RSI for the last a single of trading hit 35.39, and the three-weeks RSI is set at 40.53 for Otis Worldwide Corp [OTIS]. The present Moving Average for the last 50 days of trading for this stock 99.39, while it was recorded at 96.72 for the last single week of trading, and 97.75 for the last 200 days.
Otis Worldwide Corp [OTIS]: An insightful look at the core fundamentals
Otis Worldwide Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 0.99.
Earnings per share (EPS) analysis for Otis Worldwide Corp [OTIS] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OTIS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Otis Worldwide Corp go to 8.94%.
Otis Worldwide Corp [OTIS]: Institutional Ownership
There are presently around $94.65%, or 94.76%% of OTIS stock, in the hands of institutional investors. The top three institutional holders of OTIS stocks are: VANGUARD GROUP INC with ownership of 45.09 million shares, which is approximately 11.1905%. BLACKROCK INC., holding 34.51 million shares of the stock with an approximate value of $$3.32 billion in OTIS stocks shares; and BLACKROCK INC., currently with $$2.11 billion in OTIS stock with ownership which is approximately 5.443%.
