The stock of RTX Corp (NYSE: RTX) has increased by 2.40 when compared to last closing price of 99.31.Despite this, the company has seen a gain of 4.27% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-05 that RTX Corporation had a strong 2023, with almost $75 billion in adjusted sales and 11% growth in sales. Collins Aerospace saw $7 billion in quarterly sales, driven by a reliable commercial segment. Pratt & Whitney reported $6.4 billion in sales, with strong growth in the commercial segment and an annualized profit of $1.6 billion.
Is It Worth Investing in RTX Corp (NYSE: RTX) Right Now?
The price-to-earnings ratio for RTX Corp (NYSE: RTX) is 45.43x, which is above its average ratio. Moreover, the 36-month beta value for RTX is 0.93. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RTX is 1.33B and currently, short sellers hold a 3.04% of that float. On April 08, 2024, RTX’s average trading volume was 8.26M shares.
RTX’s Market Performance
RTX’s stock has seen a 4.27% increase for the week, with a 12.66% rise in the past month and a 19.06% gain in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.39% for RTX Corp. The simple moving average for the past 20 days is 7.56% for RTX’s stock, with a 18.55% simple moving average for the past 200 days.
Analysts’ Opinion of RTX
Many brokerage firms have already submitted their reports for RTX stocks, with Wells Fargo repeating the rating for RTX by listing it as a “Overweight.” The predicted price for RTX in the upcoming period, according to Wells Fargo is $120 based on the research report published on March 14, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see RTX reach a price target of $100, previously predicting the price at $78. The rating they have provided for RTX stocks is “Neutral” according to the report published on January 25th, 2024.
Robert W. Baird gave a rating of “Neutral” to RTX, setting the target price at $94 in the report published on January 16th of the current year.
RTX Trading at 10.24% 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 -3.07% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +12.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.63% upper at present.
During the last 5 trading sessions, RTX rose by +4.27%, which changed the moving average for the period of 200-days by +4.08% in comparison to the 20-day moving average, which settled at $95.10. In addition, RTX Corp saw 20.86% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RTX starting from Williams Dantaya M, who sale 105 shares at the price of $90.54 back on Mar 08 ’24. After this action, Williams Dantaya M now owns 33,667 shares of RTX Corp, valued at $9,507 using the latest closing price.
Eddy Shane G, the President, P&W of RTX Corp, sale 35,456 shares at $91.19 during a trade that took place back on Feb 14 ’24, which means that Eddy Shane G is holding 6,741 shares at $3,233,271 based on the most recent closing price.
Stock Fundamentals for RTX
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.18 for the gross margin
The net margin for RTX Corp stands at 0.05. The total capital return value is set at 0.03. Equity return is now at value 4.83, with 1.99 for asset returns.
Based on RTX Corp (RTX), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 2.23.
Currently, EBITDA for the company is 9.7 billion with net debt to EBITDA at 4.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.52. The receivables turnover for the company is 3.0for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To wrap up, the performance of RTX Corp (RTX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
