On Monday, Goodyear Tire & Rubber Co. (NASDAQ: GT) opened lower -2.38% from the last session, before settling in for the closing price of $11.35. Price fluctuations for GT have ranged from $10.92 to $16.50 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 7.24% over the past five years. Company’s average yearly earnings per share was noted 485.88% at the time writing. 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 Updates
A key investor’s attitude towards the stock of the Auto Parts industry is another important factor to consider. The insider ownership of Goodyear Tire & Rubber Co. is 0.75%, while institutional ownership is 88.82%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.34 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.16) by -0.5. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 485.88% per share during the next fiscal year.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Trading Performance Indicators
Check out the current performance indicators for Goodyear Tire & Rubber Co. (GT). In the past 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 0.16. Likewise, its price to free cash flow for the trailing twelve months is 11.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.26, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 1.84 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 3.07 million, a negative change from its year-to-date volume of 3.31 million. As of the previous 9 days, the stock’s Stochastic %D was 37.60%. Additionally, its Average True Range was 0.31.
During the past 100 days, Goodyear Tire & Rubber Co.’s (GT) raw stochastic average was set at 5.19%, which indicates a significant decrease from 12.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.34% in the past 14 days, which was lower than the 37.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.07, while its 200-day Moving Average is $12.83. Nevertheless, the first resistance level for the watch stands at $11.33 in the near term. At $11.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.73. If the price goes on to break the first support level at $10.93, it is likely to go to the next support level at $10.77. Assuming the price breaks the second support level, the third support level stands at $10.53.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Key Stats
There are currently 284,687K shares outstanding in the company with a market cap of 3.15 billion. Presently, the company’s annual sales total 20,066 M according to its annual income of -689,000 K. Last quarter, the company’s sales amounted to 4,537 M and its income totaled -57,000 K.
