On Monday, Goodyear Tire & Rubber Co. (NASDAQ: GT) opened lower -4.95% from the last session, before settling in for the closing price of $8.68. Price fluctuations for GT have ranged from $7.27 to $15.24 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 377.94% at the time writing. With a float of $262.54 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. In terms of profitability, gross margin is 19.56%, operating margin of 2.84%, and the pretax margin is -1.44%.
Goodyear Tire & Rubber Co. (GT) Insider and Institutional Ownership
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 7.78%, while institutional ownership is 88.72%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.36 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.19) by 0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.
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
Check out the current performance indicators for Goodyear Tire & Rubber Co. (GT). In the past 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 0.12.
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 1.56 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 6.29 million, a positive change from its year-to-date volume of 4.15 million. As of the previous 9 days, the stock’s Stochastic %D was 40.42%. 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 18.46%, which indicates a significant decrease from 22.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.97% in the past 14 days, which was lower than the 49.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.35, while its 200-day Moving Average is $11.29. Nevertheless, the first resistance level for the watch stands at $8.56 in the near term. At $8.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.04. If the price goes on to break the first support level at $8.08, it is likely to go to the next support level at $7.92. The third support level lies at $7.60 if the price breaches the second support level.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Key Stats
There are currently 284,687K shares outstanding in the company with a market cap of 2.35 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 4,570 M and its income totaled 85,000 K.
