The stock of RTX Corp (RTX) has seen a -0.81% decrease in the past week, with a 0.76% gain in the past month, and a 11.87% flourish in the past quarter. The volatility ratio for the week is 1.46%, and the volatility levels for the past 30 days are at 1.52% for RTX. The simple moving average for the last 20 days is -1.38% for RTX stock, with a simple moving average of 17.89% for the last 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 68.36x. The 36-month beta value for RTX is also noteworthy at 0.89. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 rating it as “hold,” and 1 rating it as “sell.”
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The public float for RTX is 1.33B, and at present, short sellers hold a 1.04% of that float. The average trading volume of RTX on September 23, 2024 was 6.15M shares.
RTX) stock’s latest price update
The stock price of RTX Corp (NYSE: RTX) has plunged by -0.56 when compared to previous closing price of 118.82, but the company has seen a -0.81% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-22 that RTX Corporation has shown strong returns with a 43% total return since December, driven by a robust backlog and solid growth in aerospace and defense sectors. The company benefits from a wide installed base, strong aftermarket services, and leadership in defense systems like the Patriot Missile system. RTX’s 30-year dividend growth streak, solid balance sheet, and upwardly revised sales and earnings guidance enhance its appeal.
Analysts’ Opinion of RTX
Many brokerage firms have already submitted their reports for RTX stocks, with BofA Securities repeating the rating for RTX by listing it as a “Buy.” The predicted price for RTX in the upcoming period, according to BofA Securities is $140 based on the research report published on July 31, 2024 of the current year 2024.
Alembic Global Advisors, on the other hand, stated in their research note that they expect to see RTX reach a price target of $134. The rating they have provided for RTX stocks is “Overweight” according to the report published on July 30th, 2024.
Wells Fargo gave a rating of “Overweight” to RTX, setting the target price at $120 in the report published on March 14th of the current year.
RTX Trading at 2.65% 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 -4.49% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares surge +0.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.15% upper at present.
During the last 5 trading sessions, RTX fell by -0.81%, which changed the moving average for the period of 200-days by +42.13% in comparison to the 20-day moving average, which settled at $119.81. In addition, RTX Corp saw 40.42% 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 134,887 shares at the price of $117.74 back on Jul 31 ’24. After this action, HAYES GREGORY now owns 566,723 shares of RTX Corp, valued at $15,880,937 using the latest closing price.
Mitchill Neil G. JR, the EVP, Chief Financial Officer of RTX Corp, sale 4,322 shares at $115.43 during a trade that took place back on Jul 30 ’24, which means that Mitchill Neil G. JR is holding 66,470 shares at $498,908 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
- 0.16 for the gross margin
The net margin for RTX Corp stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 3.44, with 1.40 for asset returns.
Based on RTX Corp (RTX), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 1.81.
Currently, EBITDA for the company is 9.7 billion with net debt to EBITDA at 4.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 3.04for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In summary, RTX Corp (RTX) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
