Taking a Look at the Data Behind Raytheon Company (RTN)

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 $206.61, down from yesterday’s close by -2.80%. 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 $59.61 Billion. That value represents a market adjusting for revenues that have been growing by 4.45 % 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 $2.39 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $2.35 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

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Raytheon Company recorded a 52-week high of $229.75. It is now trading 23.14% off that level. The stock is trading $213.51 its 50-day moving average by 6.9%. The stock carved out a 52-week low down at $158.32.

In recent action, Raytheon Company (RTN) has made a move of -1.23% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, 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 1.75% with $286.81 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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