On Monday, Goodyear Tire & Rubber Co (NASDAQ: GT) was -2.66% drop from the session before settling in for the closing price of $9.40. A 52-week range for GT has been $7.27 – $14.97.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 10.22%. When this article was written, the company’s average yearly earnings per share was at 370.33%. With a float of $262.77 million, this company’s outstanding shares have now reached $284.92 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 4.66%, and the pretax margin is -1.29%.
Goodyear Tire & Rubber Co (GT) Insider Updates
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 7.77%, while institutional ownership is 85.62%. 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 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 370.33% 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 0.30 in the next quarter and is forecasted to reach 1.46 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co (GT)
The latest stats from [Goodyear Tire & Rubber Co, GT] show that its last 5-days average volume of 4.19 million was inferior to 4.72 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 64.19%. Additionally, its Average True Range was 0.34.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 49.21%, which indicates a significant decrease from 59.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.74% in the past 14 days, which was lower than the 44.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.44, while its 200-day Moving Average is $10.06. Now, the first resistance to watch is $9.38. This is followed by the second major resistance level at $9.60. The third major resistance level sits at $9.79. If the price goes on to break the first support level at $8.96, it is likely to go to the next support level at $8.77. Assuming the price breaks the second support level, the third support level stands at $8.55.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
There are 284,920K outstanding shares of the company, which has a market capitalization of 2.61 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.
