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 -2.29% away from its 52-week high, while its distance from the 52-week low is 40.45%. The stock’s price range during this period has varied between $73.32 and $105.39. The company, active in the Industrials sector, saw a trading volume of around 1.8 million for the day, considerably lower average daily volume of 2.26 million observed over the last three months.
Otis Worldwide Corp’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $105.39 on 10/03/24, and the lowest price during that time was $73.32, recorded on 10/25/23.
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How Financial Performance Impacts Market Capitalization
Otis Worldwide Corp (OTIS) has experienced a quarterly rise of 2.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 41.25B 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 96.51, with a change in price of +6.19. Similarly, Otis Worldwide Corp recorded 2,222,307 in trading volume during the last 100 days, posting a change of +6.40%.
OTIS Stock Stochastic Average
As of today, the raw stochastic average of Otis Worldwide Corp over the past 50 days is 83.99%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 80.96%. Additionally, the Stochastic %K and %D values for the company were 78.35% and 81.92%, respectively, over the past 20 days.
OTIS Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 15.10%. However, over the past six months, we’ve seen a weaker performance of 5.11%. The price of OTIS fallen by 11.34% over the last 30 days. And in the last five days, it has fallen by -1.27%.
