The stock of RTX Corp (RTX) has seen a 0.87% increase in the past week, with a 5.03% gain in the past month, and a 13.72% flourish in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 1.59% for RTX. The simple moving average for the past 20 days is 1.85% for RTX’s stock, with a 19.01% simple moving average for the past 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 40.19x. The stock has a 36-month beta value of 0.92. 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 2.78% of that float. On April 30, 2024, the average trading volume of RTX was 8.02M shares.
RTX) stock’s latest price update
The stock of RTX Corp (NYSE: RTX) has increased by 1.02 when compared to last closing price of 101.41. Despite this, the company has experienced a 0.87% gain in its stock price over the last five trading sessions. Finbold reported 2024-04-29 that The world is growing more hostile by the day, with rises in violence and volatility from Ukraine and Gaza to Yemen and Sudan. As humanitarian crises and ticking nuclear threats brew, the surging conflicts leave investors worried about the fate of the stock market.
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 7.32% 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 -1.40% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.60% upper at present.
During the last 5 trading sessions, RTX rose by +0.87%, which changed the moving average for the period of 200-days by +5.42% in comparison to the 20-day moving average, which settled at $100.81. In addition, RTX Corp saw 21.75% 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 HAYES GREGORY, who sale 89,762 shares at the price of $101.44 back on Apr 25 ’24. After this action, HAYES GREGORY now owns 636,759 shares of RTX Corp, valued at $9,105,531 using the latest closing price.
Williams Dantaya M, the EVP & Chief HR Officer of RTX Corp, sale 105 shares at $90.54 during a trade that took place back on Mar 08 ’24, which means that Williams Dantaya M is holding 33,667 shares at $9,507 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
- 0.17 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 5.22, with 2.16 for asset returns.
Based on RTX Corp (RTX), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 1.99.
Currently, EBITDA for the company is 9.7 billion with net debt to EBITDA at 4.31. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 3.04for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To sum up, RTX Corp (RTX) has seen a better 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.
