The stock of RTX Corporation (NYSE:RTX) decreased by -$0.47 on Friday to finish at $86.37, down -0.55 percent. The last five days have seen an average of 5,210,069 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$14.56. The average number of shares traded over the last 20 days was 9,464,587, while the average volume over the last 50 days totaled 6,447,113.
RTX stock dropped -10.19% since last month. On 07/25/23, the company’s shares reached a one-month low of $81.35. The stock touched a high of $104.91 on 01/24/23, after rallying from a low of $80.27 in 52 weeks. The price of RTX stock has declined by -14.42% or -$14.56 this year, reaching a new high 4 times. Still, the stock price is down -17.68% from the 52-week high.
Insider Transactions
RTX stock investors should be aware that RTX Corporation (RTX) stock had its last reported insider trading activity 19 days ago on Jul 26. On Jul 26, Director Winnefeld James A Jr acquired 100 shares at $86.82 each. This transaction resulted in the insider spending $8,682. On Feb 28, Johnson Amy L sold 3,622 shares at a price of US$98.55. After the transaction, the insider now owns 4,061 shares. Chairman and CEO HAYES GREGORY had earlier sold 4,260 shares on Dec 02 for $99.16 a share. The transaction was completed for $422,405.
Valuation Metrics
RTX Corporation (RTX) has a trailing price-to-earnings (P/E) ratio of 22.90. Beta for the stock is 1.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.77, the price-to-book (PB) ratio of 1.74, and the price-to-cash flow ratio of 58.43.
Company paid $0.59 per share in dividends, remained unchanged from $0.59 last year. A $0.04 dividend increase was reported on Monday April 24 2023.
Financial Health
For the three months ended June 29, RTX Corporation’s quick ratio was 0.80, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.45, and the total debt to equity ratio is 0.49. As far as profitability goes, gross margin for the trailing twelve months is 20.40% percent. RTX Corporation’s EBITDA margin for the year ended June 29 was 13.56%, whereas its operating margin stood at 8.60% for the same period. Based on annual data, it had gross profit of $13.67 billion and revenue of $67.07 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RTX’s return on assets (ROA) during the last 12 months has been 3.50%. There was a 4.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.70%.
Earnings Surprise
According to RTX Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $18.32 billion, while revenues rose by 10.93% to $17.21 billion. It was predicted that RTX Corporation’s quarterly earnings would be $1.29, but it ended up being $1.18, beating the consensus by 9.30%. EBITDA was $2.5 billion for the quarter. At the end of RTX Corporation’s most recent quarter ended June 29, its liabilities totaled 88.11 billion, while its total debt was $36.92 billion. Equity owned by shareholders amounts to $1.46 billion.
Technical Picture
Here’s a quick look at RTX Corporation’s (RTX) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 39.85%, suggesting the stock is Neutral, with a 22.39% historical volatility rate.
The stochastic %K and %D were 50.67% and 44.26% respectively, while the average true range (ATR) was 1.82. Based on the 14-day stochastic reading of 46.44%, the RSI (14) reading is 37.87%. On the 9-day MACD Oscillator, the stock is at 0.52, and the 14-day reading is at 0.17.
Analyst Ratings
RTX Corporation (NYSE: RTX) was downgraded by Argus to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned RTX Corporation (RTX) an Overweight rating. RTX is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 11 others recommend it as a buy.
What is RTX’s price target for the next 12 months?
The current consensus forecast for the stock is between $91.00 and $114.00, with a median target price of $100.00. In analyzing these forecasts, the average price target given by analysts for RTX Corporation (RTX) is $102.05.
