On Monday, Goodyear Tire & Rubber Co. (NASDAQ: GT) was 0.91% up from the session before settling in for the closing price of $8.77. A 52-week range for GT has been $7.27 – $15.24.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 7.24%. When this article was written, the company’s average yearly earnings per share was at 377.94%. With a float of $282.54 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) Insider Activity
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 0.76%, while institutional ownership is 88.52%. The most recent insider transaction that took place on Aug 13 ’24, was worth 252,206. In this transaction Director of this company bought 31,408 shares at a rate of $8.03, taking the stock ownership to the 31,408 shares. Before that another transaction happened on Aug 12 ’24, when Company’s Director bought 26,000 for $7.90, making the entire transaction worth $205,400. This insider now owns 26,000 shares in total.
Goodyear Tire & Rubber Co. (GT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 377.94% 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 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.24, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.61 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 6.17 million, which is a jump from its year-to-date volume of 4.01 million. As of the previous 9 days, the stock’s Stochastic %D was 91.45%. Additionally, its Average True Range was 0.33.
During the past 100 days, Goodyear Tire & Rubber Co.’s (GT) raw stochastic average was set at 26.40%, which indicates a significant decrease from 99.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.21% in the past 14 days, which was lower than the 47.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.89, while its 200-day Moving Average is $11.74. However, in the short run, Goodyear Tire & Rubber Co.’s stock first resistance to watch stands at $8.99. Second resistance stands at $9.13. The third major resistance level sits at $9.39. If the price goes on to break the first support level at $8.58, it is likely to go to the next support level at $8.32. Should the price break the second support level, the third support level stands at $8.18.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Key Stats
There are 284,687K outstanding shares of the company, which has a market capitalization of 2.52 billion. As of now, sales total 20,066 M while income totals -689,000 K. Its latest quarter income was 4,570 M while its last quarter net income were 85,000 K.
