RTX Corp (NYSE:RTX) shares, rose in value, with the stock price up by 2.40% to the previous day’s close as strong demand from buyers drove the stock to $101.69.
Actively observing the price movement in the last trading, the stock closed the session at $99.31. The value of beta (5-year monthly) was 0.61 whereas the PE ratio was 45.43 over 12-month period. Referring to stock’s 52-week performance, its high was $104.91, and the low was $68.56. On the whole, RTX has fluctuated by 12.66% over the past month.
With the market capitalization of RTX Corp currently standing at about $135.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 2.36, with its dividend yield at 2.32%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.22, which is expected to increase to $1.35 for fiscal year $5.39 and then to about $6.11 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.50% in 2025, while the next year’s EPS growth is forecast to be 13.40%.
Analysts have estimated the company’s revenue for the quarter at $18.37 billion, with a low estimate of $18.13 billion and a high estimate of $18.78 billion. According to the average forecast, sales growth in current quarter could jump up 18.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $78.71 billion, representing an increase of 5.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RTX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.02, with the price of RTX currently trading nearly 7.56% and 10.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.57, while the 7-day volatility ratio is showing 1.41% which for the 30-day chart, stands at 1.39%. Furthermore, RTX Corp (RTX)’s beta value is 0.93, and its average true range (ATR) is 1.43.
A comparison of RTX Corp (RTX) with its peers suggests the former has fared considerably weaker in the market. RTX showed an intraday change of 2.40% in last session, and over the past year, it grew by 2.19%%.
Data on historical trading for RTX Corp (NYSE:RTX) indicates that the trading volumes over the past 10 days have averaged 9.12 million and over the past 3 months, they’ve averaged 8.26 million. According to company’s latest data on outstanding shares, there are 1.33 billion shares outstanding.
Nearly 0.11% of RTX Corp’s shares belong to company insiders and institutional investors own 87.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 40.44 million shares as on Mar 15, 2024, resulting in a short ratio of 4.64. According to the data, the short interest in RTX Corp (RTX) stood at 3.04% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 47.15 million. The stock has risen by 20.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RTX stock heading into the next quarter.
