The stock of RTX Corp (RTX) has gone down by -0.01% for the week, with a 2.10% rise in the past month and a 10.24% rise in the past quarter. The volatility ratio for the week is 1.11%, and the volatility levels for the past 30 days are 1.58% for RTX. The simple moving average for the past 20 days is 0.13% for RTX’s stock, with a 17.66% simple moving average for the past 200 days.
Is It Worth Investing in RTX Corp (NYSE: RTX) Right Now?
The price-to-earnings ratio for RTX Corp (NYSE: RTX) is above average at 39.78x, Company’s 36-month beta value is 0.89.Analysts have differing 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 2.78% ratio of that floaft. The average trading volume of RTX on May 06, 2024 was 7.87M shares.
RTX) stock’s latest price update
The stock price of RTX Corp (NYSE: RTX) has plunged by -0.48 when compared to previous closing price of 101.89, but the company has seen a -0.01% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-05 that Once confined to sci-fi movies and dreamers, robotics stocks have revolutionized what’s possible. These companies have transformed industries from manufacturing to healthcare, creating efficiencies in areas where humans simply can’t achieve a certain level of precision.
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 5.28% 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 -2.40% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.11%, as shares sank -0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.26% upper at present.
During the last 5 trading sessions, RTX fell by -0.01%, which changed the moving average for the period of 200-days by +6.10% in comparison to the 20-day moving average, which settled at $101.26. In addition, RTX Corp saw 20.51% 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 Ortberg Robert Kelly, who sale 10,295 shares at the price of $101.97 back on Apr 30 ’24. After this action, Ortberg Robert Kelly now owns 129,120 shares of RTX Corp, valued at $1,049,732 using the latest closing price.
HAYES GREGORY, the Chairman and CEO of RTX Corp, sale 89,762 shares at $101.44 during a trade that took place back on Apr 25 ’24, which means that HAYES GREGORY is holding 636,759 shares at $9,105,531 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 2.44. 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
In a nutshell, RTX Corp (RTX) has experienced a better performance in recent times. The stock has received mixed “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.
