RTX Corp (NYSE:RTX) shares, rose in value on Wednesday, January 22, with the stock price down by -1.09% to the previous day’s close as strong demand from buyers drove the stock to $124.38.
Actively observing the price movement in the last trading, the stock closed the session at $125.75, falling within a range of $123.645 and $125.88. The value of beta (5-year monthly) was 0.54 whereas the PE ratio was 35.52 over 12-month period. Referring to stock’s 52-week performance, its high was $128.70, and the low was $85.01. On the whole, RTX has fluctuated by 8.68% over the past month.
With the market capitalization of RTX Corp currently standing at about $165.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.48, with its dividend yield at 1.99%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 79.68B, with a low estimate of 19.3B and a high estimate of 21.25B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.52B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RTX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 3.31, with the price of RTX currently trading nearly 5.66% and 4.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.93, while the 7-day volatility ratio is showing 1.76% which for the 30-day chart, stands at 1.53%. Furthermore, RTX Corp (RTX)’s beta value is 0.88, and its average true range (ATR) is 2.09.
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 -1.09% in last session, and over the past year, it grew by 45.42%%.
Data on historical trading for RTX Corp (NYSE:RTX) indicates that the trading volumes over the past 10 days have averaged 4.51 and over the past 3 months, they’ve averaged 4.64 million. According to company’s latest data on outstanding shares, there are 1.33 billion shares outstanding.
Nearly 0.09% of RTX Corp’s shares belong to company insiders and institutional investors own 80.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.4 million shares as on 2024-12-31, resulting in a short ratio of 2.64. According to the data, the short interest in RTX Corp (RTX) stood at 86.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 10.68 million. The stock has risen by 7.48% 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.
