Raytheon Technologies Corporation (NYSE:RTX) went down by -1.70% from its latest closing price compared to the recent 1-year high of $89.42. The company’s stock price has collected 0.54% of gains in the last five trading sessions. MarketWatch.com reported 7 hours ago that Raytheon Technologies Corp. stock falls Monday, underperforms market
Is It Worth Investing in Raytheon Technologies Corporation (NYSE :RTX) Right Now?
Plus, the 36-month beta value for RTX is at 1.52. Opinions of the stock are interesting as 12 analysts out of 20 who provided ratings for Raytheon Technologies Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $84.00, which is $11.0 above the current price. RTX currently public float of 1.39B and currently shorts hold a 1.12% ratio of that float. Today, the average trading volume of RTX was 6.97M shares.
RTX’s Market Performance
RTX stocks went up by 0.54% for the week, with a monthly jump of 7.18% and a quarterly performance of 5.02%, while its annual performance rate touched -18.32%. The volatility ratio for the week stands at 1.83% while the volatility levels for the past 30 days are set at 2.51% for Raytheon Technologies Corporation. The simple moving average for the period of the last 20 days is 3.55% for RTX stocks with a simple moving average of 13.45% for the last 200 days.
Analysts’ Opinion of RTX
Many brokerage firms have already submitted their reports for RTX stocks, with DZ Bank repeating the rating for RTX by listing it as a “Buy.” The predicted price for RTX in the upcoming period, according to DZ Bank is $86 based on the research report published on December 17th of the previous year 2020.
JP Morgan, on the other hand, stated in their research note that they expect to see RTX reach a price target of $79. The rating they have provided for RTX stocks is “Overweight” according to the report published on November 10th, 2020.
Morgan Stanley gave a rating of “Overweight” to RTX, setting the target price at $89 in the report published on September 08th of the previous year.
RTX Trading at 3.49% from the 50-Day Moving Average
After a stumble in the market that brought RTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.36% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +8.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.99% lower at present.
During the last 5 trading sessions, RTX rose by +0.54%, which changed the moving average for the period of 200-days by +26.04% in comparison to the 20-day moving average, which settled at $70.77. In addition, Raytheon Technologies Corporation saw 2.08% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at RTX starting from Paliwal Dinesh C, who purchase 9,532 shares at the price of $52.41 back on Oct 29. After this action, Paliwal Dinesh C now owns 19,947 shares of Raytheon Technologies Corporation, valued at $499,546 using the latest closing price.
Kennedy Thomas A, the Executive Chairman of Raytheon Technologies Corporation, purchase 19,059 shares at $52.47 during a trade that took place back on Oct 29, which means that Kennedy Thomas A is holding 362,541 shares at $1,000,016 based on the most recent closing price.
Stock Fundamentals for RTX
Equity return is now at value -5.70, with -2.20 for asset returns.