A new trading day began on Tuesday, with Goodyear Tire & Rubber Co (NASDAQ: GT) stock price down -2.51% from the previous day of trading, before settling in for the closing price of $9.16. GT’s price has ranged from $7.27 to $13.86 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales surged by 7.00% over the last five years. Meanwhile, its annual earnings per share averaged 37.62%. With a float of $257.74 million, this company’s outstanding shares have now reached $284.97 million.
The firm has a total of 68000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 19.62%, operating margin of 3.31%, and the pretax margin is 0.82%.
Goodyear Tire & Rubber Co (GT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Goodyear Tire & Rubber Co is 9.60%, while institutional ownership is 85.75%. 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 37.62% per share during the next fiscal year.
Goodyear Tire & Rubber Co (NASDAQ: GT) Trading Performance Indicators
Here are Goodyear Tire & Rubber Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.55. 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 0.24, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 1.90 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co (GT)
Analysing the last 5-days average volume posted by the [Goodyear Tire & Rubber Co, GT], we can find that recorded value of 4.14 million was lower than the volume posted last year of 5.62 million. As of the previous 9 days, the stock’s Stochastic %D was 41.84%. Additionally, its Average True Range was 0.44.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 30.77%, which indicates a significant decrease from 38.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.67% in the past 14 days, which was higher than the 53.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.14, while its 200-day Moving Average is $9.50. Now, the first resistance to watch is $9.12. This is followed by the second major resistance level at $9.30. The third major resistance level sits at $9.45. If the price goes on to break the first support level at $8.78, it is likely to go to the next support level at $8.63. Should the price break the second support level, the third support level stands at $8.45.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
With a market capitalization of 2.55 billion, the company has a total of 285,115K Shares Outstanding. Currently, annual sales are 18,878 M while annual income is 70,000 K. The company’s previous quarter sales were 4,947 M while its latest quarter income was 76,000 K.
