Goodyear Tire & Rubber Co (NASDAQ: GT) kicked off on Friday, down -0.73% from the previous trading day, before settling in for the closing price of $10.94. Over the past 52 weeks, GT has traded in a range of $7.27-$13.26.
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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. While this was happening, its average annual earnings per share was recorded 29.53%. With a float of $258.27 million, this company’s outstanding shares have now reached $285.65 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 4.88%, and the pretax margin is 0.82%.
Goodyear Tire & Rubber Co (GT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Auto Parts Industry. The insider ownership of Goodyear Tire & Rubber Co is 9.60%, while institutional ownership is 86.17%. 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 29.53% per share during the next fiscal year.
Goodyear Tire & Rubber Co (NASDAQ: GT) Trading Performance Indicators
Take a look at Goodyear Tire & Rubber Co’s (GT) current performance indicators. Last quarter, stock had 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 0.08 in the next quarter and is forecasted to reach 1.98 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 7.11 million. That was better than the volume of 6.05 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 55.42%. 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 82.71%, which indicates a significant increase from 58.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.18% in the past 14 days, which was lower than the 60.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.73, while its 200-day Moving Average is $9.19. However, in the short run, Goodyear Tire & Rubber Co’s stock first resistance to watch stands at $11.14. Second resistance stands at $11.42. The third major resistance level sits at $11.60. If the price goes on to break the first support level at $10.67, it is likely to go to the next support level at $10.49. Assuming the price breaks the second support level, the third support level stands at $10.21.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
The company with the Market Capitalisation of 3.10 billion has total of 285,115K Shares Outstanding. Its annual sales at the moment are 18,878 M in contrast with the sum of 70,000 K annual income. Company’s last quarter sales were recorded 4,947 M and last quarter income was 76,000 K.
