A new trading day began on Monday, with Goodyear Tire & Rubber Co. (NASDAQ: GT) stock price up 3.52% from the previous day of trading, before settling in for the closing price of $8.24. GT’s price has ranged from $7.27 to $15.24 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 7.24%. Meanwhile, its annual earnings per share averaged 377.94%. With a float of $262.54 million, this company’s outstanding shares have now reached $283.79 million.
Considering the fact that the conglomerate employs 71000 people, you should pay attention to its efficiency factor. 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 Activity
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 7.78%, while institutional ownership is 89.11%. 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
Here are Goodyear Tire & Rubber Co.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.54. 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 1.56 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co. (GT)
Compared to the last year’s volume of 4.19 million, its volume of 5.96 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 55.38%. Additionally, its Average True Range was 0.35.
During the past 100 days, Goodyear Tire & Rubber Co.’s (GT) raw stochastic average was set at 23.73%, which indicates a significant decrease from 53.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.15% in the past 14 days, which was lower than the 50.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.36, while its 200-day Moving Average is $11.16. Nevertheless, the first resistance level for the watch stands at $8.67 in the near term. At $8.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.03. If the price goes on to break the first support level at $8.31, it is likely to go to the next support level at $8.10. Should the price break the second support level, the third support level stands at $7.96.
Goodyear Tire & Rubber Co. (NASDAQ: GT) Key Stats
With a market capitalization of 2.43 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 4,570 M while its latest quarter income was 85,000 K.
