As of Thursday close, RTX Corporation’s (NYSE:RTX) stock was down -$0.39, moving down -0.45 percent to $86.04. The average number of shares traded per day over the past five days has been 4,817,480 shares. 5 times new highs have been achieved over the past 5 days, with a $0.89 gain in that time frame. In the last twenty days, the average volume was 5,174,790, while in the previous 50 days, it was 6,477,596.
Since last month, RTX stock rose 0.68%. Shares of the company fell to $84.34 on 08/04/23, the lowest level in the past month. A 52-week high of $104.91 was reached on 01/24/23 after having rallying from a 52-week low of $80.27. Since the beginning of this year, RTX’s stock price has dropped by -14.74% or -$14.88, and marked a new high 4 times. However, the stock has declined by -17.99% since its 52-week high.
RTX stock investors should be aware that RTX Corporation (RTX) stock had its last reported insider trading activity 37 days ago on Jul 26. Winnefeld James A Jr, the Director of the company, purchased of 100 shares for $86.82 on Jul 26. It resulted in a $8,682 investment by the insider. Johnson Amy L sold 3,622 shares at an average price of $98.55 on Feb 28. The insider now owns 4,061 shares following the transaction. On Dec 02, Chairman and CEO HAYES GREGORY sold 4,260 shares at $99.16 apiece. The transaction was valued at $422,405.
Valuation Metrics
Right now, RTX Corporation (RTX) has a P/E ratio of about 22.82. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 1.73, and the price-to-cash flow ratio of 58.95 may also be considered.
The latest dividend of $0.59 per share was paid out, remained unchanged from last year’s $0.59. On Monday April 24 2023, a $0.04 dividend increase was announced.
Financial Health
In the three months ended June 29, RTX 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 0.45, and the total debt-to-equity ratio was 0.49. On the profitability front, the trailing twelve-month gross margin is 20.40% percent. In the year ended June 29, EBITDA margin amounted to 13.56%, whereas operating margins totaled 8.60%. Based on annual data, RTX earned $13.67 billion in gross profit and brought in $67.07 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 4.50%. Return on equity (ROE) for the past 12 months was 7.70%.
In RTX Corporation’s quarter-end financial report for June 29, it reported total debt of $32.72 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 10.93% to $17.21 billion during the quarter, while net income inched up to $18.32 billion. While analysts expected RTX Corporation to report $1.18 quarterly earnings, the actual figure was $1.29 per share, beating the consensus estimate by 9.30%. During the quarter, the company generated $2.5 billion in EBITDA. The liabilities of RTX Corporation were 88.11 billion at the end of its most recent quarter ended June 29, and its total debt was $36.92 billion. The value of shareholders’ equity is $1.46 billion.
Technical Picture
This quick technical analysis looks at RTX Corporation’s (RTX) price momentum. With a historical volatility rate of 12.65%, the RSI 9-day stood at 48.87% on 31 August.
With respect to its five-day moving average, the current RTX Corporation price is up by +1.05% percent or $0.89. At present, RTX shares trade +1.62% above its 20-day simple moving average and -13.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.15% below its SMA50 and -8.13% below its SMA200.
Stochastic coefficient K was 51.78% and Stochastic coefficient D was 38.69%, while ATR was 1.23. Given the Stochastic reading of 58.53% for the 14-day period, the RSI (14) reading has been calculated as 44.26%. As of today, the MACD Oscillator reading stands at 0.35, while the 14-day reading stands at 0.33.
Analyst Ratings
RTX Corporation downgraded its rating on RTX Corporation (NYSE: RTX) to a Hold in a note to investors on July 31, 2023. The analysts firm previously had a Buy rating on the stock.RTX Corporation (RTX) has been rated Overweight by analysts. According to 0 brokerage firms, RTX is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate RTX Corporation stock as buy, with 11 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $91.00 – $110.00. Based on these forecasts, analysts predict RTX Corporation (RTX) will achieve an average price target of $100.47.
