In the past week, RTX stock has gone down by -1.56%, with a monthly gain of 10.53% and a quarterly surge of 17.32%. The volatility ratio for the week is 1.71%, and the volatility levels for the last 30 days are 1.47% for RTX Corp The simple moving average for the last 20 days is 2.94% for RTX stock, with a simple moving average of 16.56% for the last 200 days.
Is It Worth Investing in RTX Corp (NYSE: RTX) Right Now?
RTX Corp (NYSE: RTX) has a price-to-earnings ratio that is above its average at 44.72x. The stock has a 36-month beta value of 0.93. Opinions on the stock are mixed, 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 at present, short sellers hold a 2.61% of that float. On April 15, 2024, the average trading volume of RTX was 8.48M shares.
RTX) stock’s latest price update
RTX Corp (NYSE: RTX)’s stock price has plunge by -0.67relation to previous closing price of 100.78. Nevertheless, the company has seen a -1.56% plunge in its stock price over the last five trading sessions. Invezz reported 2024-04-14 that Companies in the military-industrial complex will be in the spotlight this week as geopolitical risks rise and as the US Congress prepares a vote on Biden’s supplemental package for Israel, Taiwan, and Ukraine.
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 7.22% 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 -4.58% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +9.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.86% upper at present.
During the last 5 trading sessions, RTX fell by -1.56%, which changed the moving average for the period of 200-days by +3.70% in comparison to the 20-day moving average, which settled at $97.66. In addition, RTX Corp saw 18.97% 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 2.49. 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 sum up, RTX Corp (RTX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
