RTX Corporation (NYSE:RTX) finished Wednesday with an addition of $0.71 to close at $86.04, an upside of 0.83 percent. An average of 5,224,600 shares of common stock have been traded in the last five days. There was a gain of $0.90 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 6,737,575 shares traded, while the 50-day average volume stands at 6,631,686.
RTX stock has decreased by -1.22% in the last month. The company shares reached their 1-month lowest point of $81.35 on 07/25/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $80.27 and a high of $104.91 in 52 weeks. It has reached a new high 4 times so far this year and lost -14.74% or -$14.88 in price. In spite of this, the price is down -17.99% from the 52-week high.
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Insider Transactions
RTX stock investors should be aware that RTX Corporation (RTX) stock had its last reported insider trading activity 177 days ago on Jul 26. In this transaction, the insider spent $356,952. Chairman and CEO, HAYES GREGORY, disposed of 4,260 shares at a price of $99.16 on Dec 02. The insider now owns more than $422,405 worth of shares. Prior to that, President, P&W Eddy Shane G went on to Sale 3,343 shares at $95.53 each on Nov 03. An amount of $319,347 was transacted.
Valuation Metrics
RTX Corporation (RTX) has a trailing price-to-earnings (P/E) ratio of 22.82. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.76, the price-to-book (PB) ratio at 1.73, and the price-to-cash flow ratio at 58.19.
The company has a payout ratio of 59.00%. The company’s most recent quarterly dividend payment was $0.59 a share, without any change from last year. Its latest increase dividend $0.04 reported on Monday April 24 2023.
Financial Health
The quick ratio of RTX Corporation for the three months ended June 29 was 0.80, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.49 for the quarter ending June 29. RTX Corporation’s EBITDA margin for the year ending June 29 is 13.56%, while its operating margin for the same period stands at 8.60%. Its gross profit as reported stood at $13.67 billion compared to revenue of $67.07 billion.
Earnings Surprise
For the three-month period that ended June 29, RTX Corporation had $32.72 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.33 billion in the quarter, while revenues of $1.43 billion were grew 1.73%. The analyst consensus anticipated RTX Corporation’s latest quarter earnings to come in at $1.18 per share, but it turned out to be $1.29, a 9.30% surprise. For the quarter, EBITDA amounted to $2.5 billion. Shareholders own equity worth $1.46 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at RTX Corporation (RTX) price momentum. RSI 9-day as of the close on 23 August was 44.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.66%.
As of today, RTX’s price is $85.57 +1.06% or $0.90 from its 5-day moving average. RTX is currently trading -0.30% lower than its 20-day SMA and -11.64% lower than its 100-day SMA. However, the stock’s current price level is -13.46% below the SMA50 and -9.24% below the SMA200.
The stochastic %K and %D were 34.58% and 31.96%, respectively, and the average true range (ATR) was 1.34. With the 14-day stochastic at 45.58% and the average true range at 1.52, the RSI (14) stands at 40.47%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.
Analyst Ratings
Argus downgraded RTX Corporation (NYSE: RTX) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.
