Goodyear Tire & Rubber Co (NASDAQ: GT) kicked off on Tuesday, down -3.58% from the previous trading day, before settling in for the closing price of $9.77. Over the past 52 weeks, GT has traded in a range of $7.27-$15.24.
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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%. While this was happening, its average annual earnings per share was recorded 368.29%. With a float of $262.75 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 19.74%, operating margin of 3.06%, and the pretax margin is -1.29%.
Goodyear Tire & Rubber Co (GT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Auto Parts Industry. The insider ownership of Goodyear Tire & Rubber Co is 7.78%, while institutional ownership is 90.41%. 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 the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.47 earnings per share (EPS), higher than consensus estimate (set at 0.36) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 368.29% per share during the next fiscal year.
Goodyear Tire & Rubber Co (NASDAQ: GT) Trading Performance Indicators
Take a look at Goodyear Tire & Rubber Co’s (GT) current performance indicators. Last quarter, stock had a quick ratio of 0.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.04, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.48 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 6.89 million was superior to 4.31 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 82.31%. Additionally, its Average True Range was 0.40.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 40.49%, which indicates a significant decrease from 66.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.85% in the past 14 days, which was higher than the 55.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.42, while its 200-day Moving Average is $10.89. Now, the first resistance to watch is $9.70. This is followed by the second major resistance level at $9.99. The third major resistance level sits at $10.14. If the price goes on to break the first support level at $9.26, it is likely to go to the next support level at $9.11. The third support level lies at $8.82 if the price breaches the second support level.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
The company with the Market Capitalisation of 2.68 billion has total of 284,920K Shares Outstanding. Its annual sales at the moment are 20,066 M in contrast with the sum of -689,000 K annual income. Company’s last quarter sales were recorded 4,824 M and last quarter income was -34,000 K.
