Goodyear Tire & Rubber Co (NASDAQ: GT) on Friday, plunged -3.51% from the previous trading day, before settling in for the closing price of $9.11. Within the past 52 weeks, GT’s price has moved between $7.27 and $13.86.
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A company in the Consumer Cyclical sector has jumped its sales by 7.00% annually for the last half of the decade. The company achieved an average annual earnings per share of 37.62%. With a float of $257.74 million, this company’s outstanding shares have now reached $284.97 million.
In an organization with 68000 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of Goodyear Tire & Rubber Co is 9.60%, while institutional ownership is 85.74%. 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
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
Goodyear Tire & Rubber Co (GT) is currently performing well based on its current performance indicators. A quick ratio of 0.55 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 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)
Let’s dig in a bit further. During the last 5-days, its volume was 4.51 million. That was inferior than the volume of 5.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.32%. Additionally, its Average True Range was 0.42.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 24.47%, which indicates a significant increase from 13.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.50% in the past 14 days, which was lower than the 54.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.19, while its 200-day Moving Average is $9.38. However, in the short run, Goodyear Tire & Rubber Co’s stock first resistance to watch stands at $9.02. Second resistance stands at $9.26. The third major resistance level sits at $9.44. If the price goes on to break the first support level at $8.60, it is likely to go to the next support level at $8.42. Assuming the price breaks the second support level, the third support level stands at $8.18.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
Market capitalization of the company is 2.51 billion based on 285,115K outstanding shares. Right now, sales total 18,878 M and income totals 70,000 K. The company made 4,947 M in profit during its latest quarter, and 76,000 K in sales during its previous quarter.
