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CARR: Riding the Market Waves of Growth and Decline in 2023

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 21.22%. However, over the past six months, we’ve seen a weaker performance of 10.14%. The price of CARR leaped by -11.70% over the last 30 days. And in the last five days, it has surged by 3.89%.

Carrier Global Corp’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $83.32 on 10/15/24 and a low of $53.13 for the same time frame on 02/20/24.

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52-week price history of CARR Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Carrier Global Corp’s current trading price is -16.42% away from its 52-week high, while its distance from the 52-week low is 31.07%. The stock’s price range during this time has been between $53.13 and $83.32. The trading volume for the Industrials sector company’s shares reached about 3.4 million for the day, which was lower than the average daily volume of 4.38 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Carrier Global Corp (CARR) has experienced a quarterly decline of -12.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 62.48B and boasts a workforce of 53000 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 74.37, with a change in price of +6.09. Similarly, Carrier Global Corp recorded 3,997,241 in trading volume during the last 100 days, posting a change of +9.58%.

CARR’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CARR stands at 0.88. Similarly, the long-term debt-to-equity ratio is also 0.73.

CARR Stock Stochastic Average

Today, Carrier Global Corp’s raw stochastic average for the past 50 days stands at 19.06%, indicating a decline from the raw stochastic average of the last 20 days, which was 26.36%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 24.61% and 21.69% respectively.

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