A new trading day began on Friday, with Goodyear Tire & Rubber Co. (NASDAQ: GT) stock price up 2.37% from the previous day of trading, before settling in for the closing price of $11.82. GT’s price has ranged from $10.60 to $16.50 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 7.24%. Meanwhile, its annual earnings per share averaged 483.50%. With a float of $282.55 million, this company’s outstanding shares have now reached $283.79 million.
Let’s determine the extent of company efficiency that accounts for 71000 employees.
Goodyear Tire & Rubber Co. (GT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Goodyear Tire & Rubber Co. is 0.75%, while institutional ownership is 88.85%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 3/31/2024, the company reported earnings of -0.34 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 483.50% per share during the next fiscal year.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Trading Performance Indicators
Here are Goodyear Tire & Rubber Co.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18. Likewise, its price to free cash flow for the trailing twelve months is 12.35.
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)
Looking closely at Goodyear Tire & Rubber Co. (NASDAQ: GT), its last 5-days average volume was 4.09 million, which is a jump from its year-to-date volume of 3.32 million. As of the previous 9 days, the stock’s Stochastic %D was 52.58%. Additionally, its Average True Range was 0.37.
During the past 100 days, Goodyear Tire & Rubber Co.’s (GT) raw stochastic average was set at 46.01%, which indicates a significant decrease from 75.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.72% in the past 14 days, which was higher than the 29.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.81, while its 200-day Moving Average is $12.76. However, in the short run, Goodyear Tire & Rubber Co.’s stock first resistance to watch stands at $12.31. Second resistance stands at $12.52. The third major resistance level sits at $12.79. If the price goes on to break the first support level at $11.84, it is likely to go to the next support level at $11.57. Now, if the price goes above the second support level, the third support stands at $11.36.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Key Stats
With a market capitalization of 3.44 billion, the company has a total of 284,687K Shares Outstanding. Currently, annual sales are 20,066 M while annual income is -689,000 K. The company’s previous quarter sales were 4,537 M while its latest quarter income was -57,000 K.
