On Monday, Goodyear Tire & Rubber Co (NASDAQ: GT) opened lower -9.07% from the last session, before settling in for the closing price of $9.70. Price fluctuations for GT have ranged from $7.27 to $13.48 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. Company’s average yearly earnings per share was noted 37.28% at the time writing. 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
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 9.60%, while institutional ownership is 85.73%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 37.28% 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 0.55. 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 0.04 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 11.34 million was better than the volume posted last year of 5.99 million. As of the previous 9 days, the stock’s Stochastic %D was 49.62%. Additionally, its Average True Range was 0.59.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 24.46%, which indicates a significant increase from 10.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.58% in the past 14 days, which was higher than the 55.91% 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 $9.31. Now, the first resistance to watch is $9.60. This is followed by the second major resistance level at $10.38. The third major resistance level sits at $10.88. If the price goes on to break the first support level at $8.33, it is likely to go to the next support level at $7.83. Should the price break the second support level, the third support level stands at $7.05.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
There are currently 285,115K shares outstanding in the company with a market cap of 2.51 billion. Presently, the company’s annual sales total 18,878 M according to its annual income of 70,000 K. Last quarter, the company’s sales amounted to 4,947 M and its income totaled 76,000 K.
