Raytheon Company (RTN): What’s the Story?

Raytheon Company (RTN) is an interesting player in the Industrial Goods space, with a focus on Aerospace/Defense Products & Services. The stock has been active on the tape, currently trading at $218.39, up from yesterday’s close by 0.13%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Raytheon Company (RTN) currently trades with a market capitalization of $64.02 Billion. That value represents a market adjusting for revenues that have been growing by 8.03 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.2 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $2.1 on a per share basis this quarter. Perhaps, that suggests something about why 0.82% of the outstanding share supply is held by institutional investors.



Technical Analysis

It’s important to check the technicals to get a sense of how RTN has been acting. Looking at the stock’s movement on the chart, Raytheon Company recorded a 52-week high of $222.82. It is now trading 4.43% off that level. The stock is trading $212.60 its 50-day moving average by -5.79%. The stock carved out a 52-week low down at $150.72.

In recent action, Raytheon Company (RTN) has made a move of +3.69% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.08, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.51% with $288.06 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RTN.

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