RTX Corp (NYSE: RTX) is 19.85% higher on its value in year-to-date trading and has touched a low of $68.56 and a high of $104.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RTX stock was last observed hovering at around $100.02 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $100.84, the stock is 2.89% and 7.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.09 million and changing 0.82% at the moment leaves the stock 17.37% off its SMA200. RTX registered -0.83% loss for a year compared to 6-month gain of 37.67%.
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The stock witnessed a 8.51% loss in the last 1 month and extending the period to 3 months gives it a 17.94%, and is -0.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.84% over the week and 1.43% over the month.
RTX Corp (RTX) has around 185000 employees, a market worth around $134.08B and $68.92B in sales. Current P/E ratio is 45.05 and Fwd P/E is 16.37. Profit margin for the company is 4.64%. Distance from 52-week low is 47.09% and -3.88% from its 52-week high. The company has generated returns on investments over the last 12 months (3.09%).
The EPS is expected to grow by 6.74% this year.
RTX Corp (RTX) Top Institutional Holders
The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 2.61%.
RTX Corp (RTX) Insider Activity
The most recent transaction is an insider sale by Williams Dantaya M,the company’sEVP & Chief HR Officer. SEC filings show that Williams Dantaya M sold 105 shares of the company’s common stock on Mar 08 ’24 at a price of $90.54 per share for a total of $9507.0. Following the sale, the insider now owns 33667.0 shares.
RTX Corp disclosed in a document filed with the SEC on Feb 14 ’24 that Eddy Shane G (President, P&W) sold a total of 35,456 shares of the company’s common stock. The trade occurred on Feb 14 ’24 and was made at $91.19 per share for $3.23 million. Following the transaction, the insider now directly holds 6741.0 shares of the RTX stock.
Still, SEC filings show that on Feb 07 ’24, Mitchill Neil G. JR (EVP, Chief Financial Officer) disposed off 1,545 shares at an average price of $92.36 for $0.14 million. The insider now directly holds 49,894 shares of RTX Corp (RTX).
