On Friday, Goodyear Tire & Rubber Co. (NASDAQ: GT) was -1.07% down from the session before settling in for the closing price of $12.20. A 52-week range for GT has been $11.26 – $16.50.
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Annual sales at Consumer Cyclical sector company grew by 7.24% over the past five years. When this article was written, the company’s average yearly earnings per share was at 502.30%. With a float of $282.55 million, this company’s outstanding shares have now reached $283.79 million.
Let’s look at the performance matrix of the company that is accounted for 71000 employees.
Goodyear Tire & Rubber Co. (GT) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Goodyear Tire & Rubber Co. stocks. The insider ownership of Goodyear Tire & Rubber Co. is 0.75%, while institutional ownership is 89.02%. The most recent insider transaction that took place on Feb 28 ’24, was worth 100,579. In this transaction EVP & Chief Admin. Officer of this company sold 8,509 shares at a rate of $11.82, taking the stock ownership to the 150,441 shares. Before that another transaction happened on Feb 27 ’24, when Company’s EVP & Chief Admin. Officer sold 237 for $12.01, making the entire transaction worth $2,845. This insider now owns 150,441 shares in total.
Goodyear Tire & Rubber Co. (GT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 502.30% per share during the next fiscal year.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Trading Performance Indicators
You can see what Goodyear Tire & Rubber Co. (GT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.17. Likewise, its price to free cash flow for the trailing twelve months is 12.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.26, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 1.86 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co. (GT)
Goodyear Tire & Rubber Co. (NASDAQ: GT) saw its 5-day average volume 1.99 million, a negative change from its year-to-date volume of 3.42 million. As of the previous 9 days, the stock’s Stochastic %D was 42.17%. Additionally, its Average True Range was 0.34.
During the past 100 days, Goodyear Tire & Rubber Co.’s (GT) raw stochastic average was set at 21.86%, which indicates a significant increase from 20.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.82% in the past 14 days, which was lower than the 39.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.49, while its 200-day Moving Average is $12.94. Nevertheless, the first resistance level for the watch stands at $12.16 in the near term. At $12.25, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.36. If the price goes on to break the first support level at $11.96, it is likely to go to the next support level at $11.85. The third support level lies at $11.76 if the price breaches the second support level.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Key Stats
There are 284,687K outstanding shares of the company, which has a market capitalization of 3.44 billion. As of now, sales total 20,066 M while income totals -689,000 K. Its latest quarter income was 4,537 M while its last quarter net income were -57,000 K.
