Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Carrier Global Corp’s current trading price is -4.88% away from its 52-week high, while its distance from the 52-week low is 43.74%. The stock’s price range during this period has varied between $40.28 and $60.87. The company, active in the Industrials sector, saw a trading volume of around 3.58 million for the day, considerably lower average daily volume of 4.62 million observed over the last three months.
Carrier Global Corp had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $60.87 on 03/08/24, while the lowest price during the same period was $40.28 on 05/04/23.
How Financial Performance Impacts Market Capitalization
Carrier Global Corp (CARR) has experienced a quarterly rise of 4.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 52.02B and boasts a workforce of 53000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 54.16, with a change in price of +5.00. Similarly, Carrier Global Corp recorded 4,656,276 in trading volume during the last 100 days, posting a change of +9.45%.
How CARR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CARR stands at 1.70. Similarly, the long-term debt-to-equity ratio is also 1.69.
CARR Stock Stochastic Average
As of today, the raw stochastic average of Carrier Global Corp over the last 50 days is at 61.63%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 61.63%. Further, the company’s Stochastic %K and %D values for the last 20 days were 59.00% and 70.36%, respectively.
CARR Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 0.78%. However, over the past six months, we’ve seen a stronger performance of -1.76%. The price of CARR fallen by 3.37% over the last 30 days. And in the last five days, it has surged by 2.31%.
