It’s Not A Fantasy To Think That Otis Worldwide Corp (OTIS) Has Big Future Potential

Otis Worldwide Corp (NYSE:OTIS) currently has a daily average trading volume of 2.11M but it saw 3765319 shares traded in last market. With a market cap of 39.37B USD, the company’s current market price of $98.28 came falling about -3.05 while comparing to the previous closing price of $101.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $106.33 and as low as $75.78. In the recent trading on the day, stock has struck highest price mark of $96.15 while lowest mark touched by it was $99.54.

Taking a look at 20-day trading activity of Otis Worldwide Corp (OTIS) gives us an average price of $103.31, while its current price level is -7.57% below from 52-week high level whereas it is 29.69% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $98.90 while that of 200 days or SMA-200 reads an average of $96.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.95% during that period while stretching the period over a month that decreases to 1.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.88 which implies that the stock is in neutral territory.

Over the week, OTIS’s stock price is moving -4.45% down while it is -5.29% when we observe its performance for the past one month. Year-to-date it is 9.85% up and over the past year, the stock is showing an upside performance of 28.40%.

Currently, Otis Worldwide Corp’s total number of outstanding shares is 406.60M. Company’s return on investment (ROI) stands at 193.03%. It has a price to earnings ratio (P/E ratio) of 27.43 while having a 23.22 of forward P/E ratio. Stock’s beta reads 0.93. Stock has a price to sale or P/S ratio amounts to 2.78. Its return on asset (ROA) is 14.68% on average.