Carrier Global Corp (NYSE:CARR) shares, rose in value on Wednesday, May 07, with the stock price down by -0.28% to the previous day’s close as strong demand from buyers drove the stock to $69.99.
Actively observing the price movement in the last trading, the stock closed the session at $70.19. The PE ratio was 16.06 over 12-month period. Referring to stock’s 52-week performance, its high was $83.32, and the low was $54.22. On the whole, CARR has fluctuated by 23.16% over the past month.
With the market capitalization of Carrier Global Corp currently standing at about $60.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.83, with its dividend yield at 1.19%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CARR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.16, with the price of CARR currently trading nearly 11.80% and 9.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.99, while the 7-day volatility ratio is showing 3.15% which for the 30-day chart, stands at 3.70%. Furthermore, Carrier Global Corp (CARR)’s beta value is 1.30, and its average true range (ATR) is 2.36.
A comparison of Carrier Global Corp (CARR) with its peers suggests the former has fared considerably weaker in the market. CARR showed an intraday change of -0.28% in last session, and over the past year, it grew by 12.72%%.
Data on historical trading for Carrier Global Corp (NYSE:CARR) indicates that the trading volumes over the past 3 months, they’ve averaged 5.76 million. According to company’s latest data on outstanding shares, there are 860.19 million shares outstanding.
Nearly 6.98% of Carrier Global Corp’s shares belong to company insiders and institutional investors own 87.41% of the company’s shares. The stock has risen by 2.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CARR stock heading into the next quarter.
