Raytheon Technologies Corporation (RTX): A Technical View


As of Thursday close, Raytheon Technologies Corporation’s (NYSE:RTX) stock was down -$0.79, moving down -0.91 percent to $85.61. The average number of shares traded per day over the past five days has been 5,644,820 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.95 fall in that time frame. In the last twenty days, the average volume was 4,618,785, while in the previous 50 days, it was 4,428,602.

Since last month, RTX stock retreated -9.93%. Shares of the company fell to $83.29 on 09/14/22, the lowest level in the past month. A 52-week high of $106.02 was reached on 04/21/22 after having rallying from a 52-week low of $79.00. Since the beginning of this year, RTX’s stock price has dropped by -0.52% or -$0.45, and marked a new high 22 times. However, the stock has declined by -19.25% since its 52-week high.

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Raytheon Technologies Corporation (RTX) last reported insider trading activity 142 days ago on Apr 27. Winnefeld James A Jr, the Director of the company, purchased of 200 shares for $99.00 on Apr 27. It resulted in a $19,800 investment by the insider. Dumais Michael R sold 7,443 shares at an average price of $101.45 on Feb 28. The insider now owns 73,761 shares following the transaction. On Feb 25, EVP,Chf Transformation Officer Dumais Michael R sold 6,883 shares at $97.74 apiece. The transaction was valued at $672,739.

Valuation Metrics

Right now, Raytheon Technologies Corporation (RTX) has a P/E ratio of about 28.62. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 1.94, the price-to-book (PB) ratio of 1.80, and the price-to-cash flow ratio of 86.58 may also be considered.

The latest dividend of $0.55 per share was paid out, remained unchanged from last year’s $0.55. On Monday April 25 2022, a $0.04 dividend increase was announced.

Financial Health

In the three months ended June 29, Raytheon Technologies Corporation’s quick ratio stood at 0.80, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.44, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 20.20% percent. In the year ended June 29, operating margins totaled 6.80%. Based on annual data, RTX earned $12.49 billion in gross profit and brought in $64.39 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 6.20%.

In Raytheon Technologies Corporation’s quarter-end financial report for June 29, it reported total debt of $31.27 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RTX’s revenue rose 2.66% to $15.72 billion during the quarter, while net income inched up to $16.31 billion. While analysts expected Raytheon Technologies Corporation to report $1.12 quarterly earnings, the actual figure was $1.16 per share, beating the consensus estimate by 3.60%. During the quarter, the company generated $2.35 billion in EBITDA. The liabilities of Raytheon Technologies Corporation were 87.03 billion at the end of its most recent quarter ended June 29, and its total debt was $33.01 billion. The value of shareholders’ equity is $1.48 billion.

Technical Picture

This quick technical analysis looks at Raytheon Technologies Corporation’s (RTX) price momentum. With a historical volatility rate of 32.15%, the RSI 9-day stood at 37.21% on 15 September.

With respect to its five-day moving average, the current Raytheon Technologies Corporation price is down by -1.10% percent or -$0.95. At present, RTX shares trade -9.87% below its 20-day simple moving average and -14.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.85% below its SMA50 and +3.22% above its SMA200.

Stochastic coefficient K was 14.31% and Stochastic coefficient D was 15.29%, while ATR was 2.37. Given the Stochastic reading of 17.13% for the 14-day period, the RSI (14) reading has been calculated as 38.23%. As of today, the MACD Oscillator reading stands at -1.46, while the 14-day reading stands at -2.94.

With a median target price of $110.00, the current consensus forecast for the stock is $90.00 – $124.00. Based on these forecasts, analysts predict Raytheon Technologies Corporation (RTX) will achieve an average price target of $109.92.


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