On Friday, Goodyear Tire & Rubber Co (NASDAQ: GT) opened higher 0.91% from the last session, before settling in for the closing price of $8.75. Price fluctuations for GT have ranged from $7.27 to $14.97 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 10.22%. Company’s average yearly earnings per share was noted 370.22% at the time writing. With a float of $262.77 million, this company’s outstanding shares have now reached $284.92 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 19.74%, operating margin of 4.66%, and the pretax margin is -1.29%.
Goodyear Tire & Rubber Co (GT) Insider Activity
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 7.77%, while institutional ownership is 85.45%. 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 370.22% 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 0.65. 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 -1.04, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.46 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co (GT)
Compared to the last year’s volume of 4.74 million, its volume of 3.97 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 53.40%. Additionally, its Average True Range was 0.39.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 40.84%, which indicates a significant increase from 25.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.78% in the past 14 days, which was lower than the 46.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.34, while its 200-day Moving Average is $10.35. Nevertheless, the first resistance level for the watch stands at $8.96 in the near term. At $9.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.35. If the price goes on to break the first support level at $8.57, it is likely to go to the next support level at $8.32. Should the price break the second support level, the third support level stands at $8.18.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
There are currently 284,920K shares outstanding in the company with a market cap of 2.54 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 4,824 M and its income totaled -34,000 K.
