A new trading day began on Monday, with Goodyear Tire & Rubber Co (NASDAQ: GT) stock price down -1.22% from the previous day of trading, before settling in for the closing price of $8.22. GT’s price has ranged from $7.27 to $15.24 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 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.
The extent of productivity of a business whose workforce counts for 71000 workers is very important to gauge. 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
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 88.93%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.36 per share, which was $0.1 higher 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 0.45 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
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 0.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.24, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.56 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co (GT)
The latest stats from [Goodyear Tire & Rubber Co, GT] show that its last 5-days average volume of 4.55 million was superior to 4.2 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 19.56%. 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 16.01%, which indicates a significant decrease from 19.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.18% in the past 14 days, which was lower than the 50.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.31, while its 200-day Moving Average is $11.03. Now, the first resistance to watch is $8.37. This is followed by the second major resistance level at $8.61. The third major resistance level sits at $8.76. If the price goes on to break the first support level at $7.98, it is likely to go to the next support level at $7.83. The third support level lies at $7.59 if the price breaches the second support level.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
With a market capitalization of 2.37 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.
