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. Otis Worldwide Corp’s current trading price is -1.89% away from its 52-week high, while its distance from the 52-week low is 34.93%. The stock’s price range during this period has varied between $73.32 and $100.84. The company, active in the Industrials sector, saw a trading volume of around 3.81 million for the day, considerably higher average daily volume of 2.17 million observed over the last three months.
Otis Worldwide Corp’s stock has had a calm market performance. The 1-year high for the company’s stock was $100.84 on 06/06/24, and the lowest price during the same period was recorded at $73.32 on 10/25/23.
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How Financial Performance Impacts Market Capitalization
Otis Worldwide Corp (OTIS) has experienced a quarterly rise of 3.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 39.63B and boasts a workforce of 71000 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 95.54, with a change in price of +7.50. Similarly, Otis Worldwide Corp recorded 2,151,945 in trading volume during the last 100 days, posting a change of +8.20%.
OTIS Stock Stochastic Average
As of today, the raw stochastic average of Otis Worldwide Corp over the last 50 days is at 84.83%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 91.19%. Further, the company’s Stochastic %K and %D values for the last 20 days were 88.46% and 86.56%, respectively.
OTIS Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The metric has seen a significant gain of 10.57% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -0.11%. Over the past 30 days, the price of OTIS has fallen by 5.02%. And in the last five days, it has surged by 2.96%.
