Carrier Global Corp (NYSE:CARR) shares, rose in value, with the stock price up by 0.29% to the previous day’s close as strong demand from buyers drove the stock to $63.78.
Actively observing the price movement in the recent trading, the stock is buoying the session at $63.60, falling within a range of $63.45 and $64.04. The value of beta (5-year monthly) is 1.212 whereas the PE ratio is 15.25 over 12-month period. Referring to stock’s 52-week performance, its high was $83.32, and the low was $53.13. On the whole, CARR has fluctuated by -6.75% over the past month.
With the market capitalization of Carrier Global Corp currently standing at about $55.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 1.25%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 22.71B, with a low estimate of 4.95B and a high estimate of 5.41B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.2B.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.10, with the price of CARR currently trading nearly -4.13% and -7.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.86, while the 7-day volatility ratio is showing 2.69% which for the 30-day chart, stands at 1.99%. Furthermore, Carrier Global Corp (CARR)’s beta value is 1.23, and its average true range (ATR) is 1.66.
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 0.29% in today’s session so far, and over the past year, it grew by 13.82%%.
Data on historical trading for Carrier Global Corp (NYSE:CARR) indicates that the trading volumes over the past 10 days have averaged 6.45 and over the past 3 months, they’ve averaged 5.30 million. According to company’s latest data on outstanding shares, there are 878.34 million shares outstanding.
Nearly 6.68% of Carrier Global Corp’s shares belong to company insiders and institutional investors own 85.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.27 million shares as on 2025-01-15, resulting in a short ratio of 2.3. According to the data, the short interest in Carrier Global Corp (CARR) stood at 200.00 of shares outstanding as of 2025-01-15; the number of short shares registered in 2024-12-13 reached 10.73 million. The stock has fallen by -6.56% 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.
