RTX Corp (NYSE:RTX) price closed higher on Tuesday, April 16, jumping 0.82% above its previous close.
A look at the daily price movement shows that the last close reads $100.02. The company’s 5Y monthly beta was ticking 0.60 while its P/E ratio in the trailing 12-month period read 45.05. Taking into account the 52-week price action we note that the stock hit a 52-week high of $104.91 and 52-week low of $68.56. The stock added 8.51% on its value in the past month.
RTX Corp, which has a market valuation of $134.08 billion, is expected to release its quarterly earnings report Apr 23, 2024. The company stock has a Forward Dividend ratio of 2.36, while the dividend yield is 2.34%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give RTX a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.99. The overview shows that RTX’s price is at present 2.89% off the SMA20 and 7.62% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 70.36, with weekly volatility standing at 1.84%. The indicator jumps to 1.43% when calculated based on the past 30 days. RTX Corp (NYSE:RTX)’s beta value is holding at 0.92, while the average true range (ATR) indicator is currently reading 1.56.
An analysis of the RTX Corp (NYSE:RTX) stock in terms of its daily trading volume indicates that the 3-month average is 8.53 million.
Current records show that the company has 1.33B in outstanding shares. The insiders’ percentage holdings are 0.11% of outstanding shares while the percentage share held by institutions stands at 87.58%. But the 19.85% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
