Raytheon Technologies Corporation (NYSE:RTX) shares fell to a low of $72.22 before closing at $73.00. Intraday shares traded counted 10.48 million, which was -50.42% lower than its 30-day average trading volume of 6.97M. RTX’s previous close was $74.26 while the outstanding shares total 1.50B. The firm has a beta of 1.52. The stock’s Relative Strength Index (RSI) is 58.15, with weekly volatility at 1.83% and ATR at 1.72. The RTX stock’s 52-week price range has touched low of $40.71 and a $89.42 high. The stock traded lower over the last trading session, losing -1.70% on 02/22/21.
Investors have identified the Aerospace & Defense company Raytheon Technologies Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $108.86 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Raytheon Technologies Corporation (RTX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For RTX, the company has in raw cash 8.8 billion on their books with 797.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 43.38 billion total, with 35.85 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 4.88 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RTX sounds very interesting.
Is the stock of RTX attractive?
In related news, Director, Paliwal Dinesh C bought 9,532 shares of the company’s stock in a transaction that recorded on Oct 29. The purchase was performed at an average price of 52.41, for a total value of 499,546. As the purchase deal closes, the Executive Chairman, Kennedy Thomas A now bought 19,059 shares of the company’s stock, valued at 1,000,016. Also, EVP and General Counsel, Jimenez Frank R bought 1,000 shares of the company’s stock in a deal that was recorded on Oct 29. The shares were cost at an average price of 52.57 per share, with a total market value of 52,570. Following this completion of disposal, the Director, Winnefeld James A Jr now holds 500 shares of the company’s stock, valued at 27,600. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
12 out of 20 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Raytheon Technologies Corporation. 0 analysts has assigned a Sell rating on the RTX stock. The 12-month mean consensus price target for the company’s shares has been set at $84.00.