Goodyear Tire & Rubber Co (NASDAQ: GT) on Monday, plunged -0.45% from the previous trading day, before settling in for the closing price of $8.86. Within the past 52 weeks, GT’s price has moved between $7.27 and $14.97.
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A company in the Consumer Cyclical sector has jumped its sales by 10.22% annually for the last half of the decade. The company achieved an average annual earnings per share of 370.39%. With a float of $262.77 million, this company’s outstanding shares have now reached $284.92 million.
In an organization with 71000 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of Goodyear Tire & Rubber Co is 7.77%, while institutional ownership is 85.44%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 370.39% per share during the next fiscal year.
Goodyear Tire & Rubber Co (NASDAQ: GT) Trading Performance Indicators
Goodyear Tire & Rubber Co (GT) is currently performing well based on its current performance indicators. A quick ratio of 0.65 was reported for the most recent quarter. 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 1.45 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co (GT)
Let’s dig in a bit further. During the last 5-days, its volume was 5.03 million. That was better than the volume of 4.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 47.30%. Additionally, its Average True Range was 0.38.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 40.58%, which indicates a significant decrease from 52.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.40% in the past 14 days, which was lower than the 45.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.38, while its 200-day Moving Average is $10.24. However, in the short run, Goodyear Tire & Rubber Co’s stock first resistance to watch stands at $8.97. Second resistance stands at $9.13. The third major resistance level sits at $9.32. If the price goes on to break the first support level at $8.62, it is likely to go to the next support level at $8.43. Assuming the price breaks the second support level, the third support level stands at $8.27.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
Market capitalization of the company is 2.51 billion based on 284,920K outstanding shares. Right now, sales total 20,066 M and income totals -689,000 K. The company made 4,824 M in profit during its latest quarter, and -34,000 K in sales during its previous quarter.
