The RTX stock’s dividend yield for the TTM is 3.11% and its last dividend payment was $0.59 per share. The RTX last ex-dividend date was August 17th, 2023 and its payout ratio is 59.39%.
The RTX stock has a float of 1.454 Billion shares and a market cap of $106.704 Billion. The RTX stock has a CMP of $73.31 and an intraday loss of 0.05%. The RTX stock’s average volume for the last 10 days is 10.186 Million and its current volume is 7.35 Million.
RTX stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $162.16 Billion and total liabilities of $88.07 Billion. The RTX debt-to-assets ratio is at 54.31%.
The latest quarterly earnings report for the period ending June 2023, displayed a revenue of $18.32 Billion, with a net income of $1.33 Billion, and a profit margin from the last quarter of 7.25%. This quarter, the RTX stock reported revenue exceeded analysts’ estimates by $632.132 Million (3.57%).
The RTX stock reported an EPS of $1.29 for the period ending June 2023, beating the analysts’ estimate of $1.179 by 9.41%. The RTX next quarter’s revenue is estimated to be $18.599 Billion and an estimated EPS of $1.216. The report will be released on October 24, 2023.
RTX Stock Price Technical Analysis in 1-D Timeframe
The RTX stock price started inclining from the $40 support level in March 2020. It reached a high of $106 on April 21st, 2022, by making higher highs and lows.
The RTX stock faced resistance and started to fall as investors cashed out their profits from multiple quarterly reports and dividends. Even though the RTX stock had positive earnings results and consistent dividend payments, the profit-taking did not stop which caused the RTX stock to drop significantly.
This showed poor performance on the charts for the RTX price in the past 52 weeks. However, the stock has shown a recovery sign as the RTX price took support at $68 and trying to sustain on the charts.
Therefore, if the RTX stock manages to gain strong buying momentum and surges above the previous swing high, it can shoot a rally upwards. The probable resistance levels are between $76 and $80.
Alternatively, if the RTX stock faces resistance again and continues to fall and breaks below $68, it could fall up to $64.
At the time of publishing, the price of RTX Corporation (NYSE: RTX) took support around $68 and rose upward; trading near 20 EMA and might soon jump over 20 and 50 EMA. Therefore, if more buying volume assists the RTX price in surging upwards, the stock may surpass major rejecting levels and might thrust an upward rally.
The MACD indicates a bullish cross and shows bullishness as the histogram width is broadening in the MACD tool. The RSI is at 42.33 as RSI took support on 14 SMA which is at 25.19. The indicators in the RTX stock show positive signs on the charts.
In addition, the stock ratings for RTX stock are positive and highly recommended based on 26 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for RTX stock by 23 analysts range between $70.00 to $110.00.
Summary
RTX Corporation (NYSE: RTX) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the RTX stock price highlight upward signals and support bullishness.
Technical Levels
Support Levels: $68 and $64
Resistance Levels: $76 and $80
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/10/12/rtx-stock-will-nyse-rtx-price-jump-over-90-by-2023-end/