On Monday, Goodyear Tire & Rubber Co (NASDAQ: GT) was 0.54% up from the session before settling in for the closing price of $9.27. 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 371.27%. With a float of $262.51 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. In terms of profitability, gross margin is 19.74%, operating margin of 3.28%, and the pretax margin is -1.29%.
Goodyear Tire & Rubber Co (GT) Breakdown of a Key Holders of the stock
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 7.87%, while institutional ownership is 85.28%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 371.27% 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 0.65. 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 0.36 in the next quarter and is forecasted to reach 1.48 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 3.83 million, which is a drop from its year-to-date volume of 4.3 million. As of the previous 9 days, the stock’s Stochastic %D was 43.73%. Additionally, its Average True Range was 0.36.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 38.61%, which indicates a significant decrease from 61.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.35% in the past 14 days, which was higher than the 55.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.53, while its 200-day Moving Average is $10.79. However, in the short run, Goodyear Tire & Rubber Co’s stock first resistance to watch stands at $9.44. Second resistance stands at $9.57. The third major resistance level sits at $9.64. If the price goes on to break the first support level at $9.25, it is likely to go to the next support level at $9.18. Now, if the price goes above the second support level, the third support stands at $9.06.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
There are 284,920K outstanding shares of the company, which has a market capitalization of 2.64 billion. As of now, sales total 20,066 M while income totals -689,000 K. Its latest quarter income was 4,824 M while its last quarter net income were -34,000 K.
