RTX Corp (RTX) concluded trading on Wednesday at a closing price of $121.11, with 4.48 million shares of worth about $542.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.48% during that period and on September 04, 2024 the price saw a gain of about 0.10%. Currently the company’s common shares owned by public are about 1.33B shares, out of which, 1.33B shares are available for trading.
Stock saw a price change of 1.36% in past 5 days and over the past one month there was a price change of 5.16%. Year-to-date (YTD), RTX shares are showing a performance of 43.94% which increased to 40.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.56 but also hit the highest price of $123.70 during that period. The average intraday trading volume for RTX Corp shares is 6.20 million. The stock is currently trading 2.51% above its 20-day simple moving average (SMA20), while that difference is up 9.51% for SMA50 and it goes to 23.75% higher than SMA200.
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RTX Corp (NYSE: RTX) currently have 1.33B outstanding shares and institutions hold larger chunk of about 88.09% of that.
The stock has a current market capitalization of $161.11B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 70.07, while it has posted earnings per share of $1.73 in the same period. Its PEG reads 5.95 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RTX, volatility over the week remained 1.68% while standing at 1.36% over the month.
Stock’s fiscal year EPS is expected to rise by 8.04% while it is estimated to increase by 12.31% in next year. EPS is likely to grow at an annualized rate of 11.77% for next 5-years, compared to annual growth of -19.30% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on July 31, 2024 offering a Buy rating for the stock and assigned a target price range of between $110 and $140 to it. Coverage by Alembic Global Advisors stated RTX Corp (RTX) stock as an Overweight in their note to investors on July 30, 2024, suggesting a price target of $134 for the stock. On March 14, 2024, Wells Fargo Upgrade their recommendations, while on January 25, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $100. Stock get a Neutral rating from Robert W. Baird on January 16, 2024.
