Technical Outlook And Game Plan For RTX Corp (NYSE: RTX)

RTX Corp (RTX) concluded trading on Wednesday at a closing price of $115.92, with 3.76 million shares of worth about $436.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.14% during that period and on January 08, 2025 the price saw a gain of about 0.98%. 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 0.17% in past 5 days and over the past one month there was a price change of -1.75%. Year-to-date (YTD), RTX shares are showing a performance of 0.17% which increased to 35.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $84.43 but also hit the highest price of $128.70 during that period. The average intraday trading volume for RTX Corp shares is 4.48 million. The stock is currently trading -0.29% below its 20-day simple moving average (SMA20), while that difference is down -2.35% for SMA50 and it goes to 3.00% higher than SMA200.

RTX Corp (NYSE: RTX) currently have 1.33B outstanding shares and institutions hold larger chunk of about 80.00% of that.

The stock has a current market capitalization of $154.29B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 33.11, while it has posted earnings per share of $3.50 in the same period. Its PEG reads 3.09 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 0.72. 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 1.48% while standing at 1.54% over the month.

Stock’s fiscal year EPS is expected to rise by 10.04% while it is estimated to increase by 9.50% in next year. EPS is likely to grow at an annualized rate of 10.72% 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 Deutsche Bank on January 02, 2025 offering a Buy rating for the stock and assigned a target price range of between $131 and $140 to it. Coverage by RBC Capital Mkts stated RTX Corp (RTX) stock as an Outperform in their note to investors on December 19, 2024, suggesting a price target of $140 for the stock. On October 03, 2024, Deutsche Bank Upgrade their recommendations, while on July 31, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $140. Stock get an Overweight rating from Alembic Global Advisors on July 30, 2024.

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