The Goodyear Tire & Rubber Company (NASDAQ: GT) started the day on April 05, 2021, with a price increase of 1.90% at $17.69. During the day, the stock rose to $17.91 and sunk to $17.255 before settling in for the price of $17.36 at the close. Taking a more long-term approach, GT posted a 52-week range of $5.34-$19.38.
The Consumer Cyclical Sector giants’ yearly sales growth during the last 5-year period was -5.60%. Meanwhile, its Annual Earning per share during the time was -46.60%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -301.50%. This publicly-traded company’s shares outstanding now amounts to $234.00 million, simultaneously with a float of $232.51 million. The organization now has a market capitalization sitting at $4.18 billion. At the time of writing, stock’s 50-day Moving Average stood at $15.45, while the 200-day Moving Average is $11.17.
While finding the extent of efficiency of the company that is accounted for 62000 employees. It has generated 198,726 per worker during the last fiscal year. Meanwhile, its income per employee was -20,226. The stock had 6.78 Receivables turnover and 0.73 Total Asset turnover. For the Profitability, stocks gross margin was +20.09, operating margin was -0.87 and Pretax Margin of -9.25.
The Goodyear Tire & Rubber Company (GT) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Auto Parts Industry. The Goodyear Tire & Rubber Company’s current insider ownership accounts for 0.40%, in contrast to 83.00% institutional ownership.
The Goodyear Tire & Rubber Company (GT) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2020, the organization reported $0.44 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $0.16) by $0.28. This company achieved a net margin of -10.18 while generating a return on equity of -33.76. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
The Goodyear Tire & Rubber Company’s EPS decrease for this current 12-month fiscal period is -301.50% and is forecasted to reach 1.60 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.13% through the next 5 years, which can be compared against the -46.60% growth it accomplished over the previous five years trading on the market.
The Goodyear Tire & Rubber Company (NASDAQ: GT) Trading Performance Indicators
Let’s observe the current performance indicators for The Goodyear Tire & Rubber Company (GT). It’s Quick Ratio in the last reported quarter now stands at 0.70. The Stock has managed to achieve an average true range (ATR) of 0.79. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.34. Similarly, its price to free cash flow for trailing twelve months is now 9.69.
In the same vein, GT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -5.36, a figure that is expected to reach 0.14 in the next quarter, and analysts are predicting that it will be 1.60 at the market close of one year from today.
Technical Analysis of The Goodyear Tire & Rubber Company (GT)
If we take a close look at the recent performances of The Goodyear Tire & Rubber Company (NASDAQ: GT), its last 5-days Average volume was 3.26 million that shows plunge from its year to date volume of 4.81 million. During the previous 9 days, stock’s Stochastic %D was recorded 80.49% While, its Average True Range was 0.74.
Raw Stochastic average of The Goodyear Tire & Rubber Company (GT) in the period of the previous 100 days is set at 83.30%, which indicates a major fall in contrast to 86.40% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 35.92% that was lower than 54.33% volatility it exhibited in the past 100-days period.