On Friday, Goodyear Tire & Rubber Co (NASDAQ: GT) opened lower -2.32% from the last session, before settling in for the closing price of $11.20. Price fluctuations for GT have ranged from $7.27 to $12.58 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 5.07%. Company’s average yearly earnings per share was noted 23.66% at the time writing. With a float of $258.05 million, this company’s outstanding shares have now reached $285.65 million.
Considering the fact that the conglomerate employs 68000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 19.47%, operating margin of 4.75%, and the pretax margin is 1.82%.
Goodyear Tire & Rubber Co (GT) Breakdown of a Key Holders of the stock
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 9.68%, while institutional ownership is 86.68%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 23.66% 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 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.84, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 1.98 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co (GT)
Compared to the last year’s volume of 6.02 million, its volume of 6.33 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 49.30%. Additionally, its Average True Range was 0.48.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 72.37%, which indicates a significant increase from 29.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.04% in the past 14 days, which was lower than the 62.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.69, while its 200-day Moving Average is $9.41. Nevertheless, the first resistance level for the watch stands at $11.15 in the near term. At $11.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.52. If the price goes on to break the first support level at $10.77, it is likely to go to the next support level at $10.61. Now, if the price goes above the second support level, the third support stands at $10.40.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
There are currently 285,703K shares outstanding in the company with a market cap of 3.13 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 4,253 M and its income totaled 115,000 K.
