Raytheon Technologies Corporation (NYSE:RTX) saw an upside of 2.00% to close Monday at $96.25 after adding $1.89 on the day. The 5-day average trading volume is 5,564,960 shares of the company’s common stock. It has gained $99.65 in the past week and touched a new high 1 time within the past 5 days. An average of 4,469,335 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,402,640.
RTX’s 1-month performance is -1.97% or -$3.05 on its low of $93.34 reached on 01/20/23. The company’s shares have touched a 52-week low of $80.27 and high of $106.02, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, RTX has lost -4.63% or -$4.67 and has reached a new high 3 times. However, the current price is down -9.22% from the 52-week high price.
RTX stock investors last saw insider trading activity on Dec 02.HAYES GREGORY (Chairman and CEO) most recently sold 4,260 shares at $99.16 per share on Dec 02. This transaction cost the insider $422,405. President, P&W, Eddy Shane G, sold 3,343 shares at a price of $95.53 on Nov 03. Then, on Oct 31, Chief Operating Officer Calio Christopher T. sold 1,697 shares at a price of $94.26 per share. This transaction amounted to $159,952.
RTX stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.14 while the price-to-book (PB) in the most recent quarter is 2.02, with the price to cash flow ratio at 751.67.
Raytheon Technologies Corporation’s quick ratio for the period ended September 29 was 0.80, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.44, while the total debt to equity was 0.48. In terms of profitability, the gross margin trailing 12 months is 20.50%. The firm’s gross profit as reported stood at $12.49 billion against revenue of $64.39 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -0.43% to $1.39 billion, while revenue of $1.3 billion was 5.98% off the previous quarter. Analysts expected RTX to announce $1.14 per share in earnings in its latest quarter, but it posted $1.21, representing a 6.10% surprise. EBITDA for the quarter stood at more than $2.53 billion. RTX stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 86.49 billion, with total debt at $34.99 billion. Shareholders hold equity totaling $1.47 billion.
Let’s look briefly at Raytheon Technologies Corporation (RTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 40.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.43%.
The stock’s 5-day moving average is $95.80, reflecting a -2.46% or -$2.43 change from its current price. RTX is currently trading -3.52% above its 20-day SMA, +4.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.02% and SMA200 by-2.59%.
Stochastic %K and %D was 12.62% and 7.23% and the average true range (ATR) pointed at 1.99. The RSI (14) points at 42.93%, while the 14-day stochastic is at 27.43% with the period’s ATR at 1.97. The stock’s 9-day MACD Oscillator is pointing at -2.59 and -3.80 on the 14-day charts.
In the most recent analyst report for Raytheon Technologies Corporation (NYSE: RTX), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for RTX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RTX as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 11 have offered a “buy” rating.
What is RTX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $94.10 and a high of $120.00, with their median price target at $109.00. Looking at these predictions, the average price target given by analysts is for Raytheon Technologies Corporation (RTX) stock is $108.74.