Goodyear Tire & Rubber Co (NASDAQ: GT) on Friday, plunged -2.45% from the previous trading day, before settling in for the closing price of $11.04. Within the past 52 weeks, GT’s price has moved between $7.27 and $13.17.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 7.00%. The company achieved an average annual earnings per share of 26.30%. With a float of $258.27 million, this company’s outstanding shares have now reached $285.65 million.
The extent of productivity of a business whose workforce counts for 68000 workers is very important to gauge. 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) Insider and Institutional Ownership
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 86.71%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 26.30% 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 0.64 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 0.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.84, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 1.98 in one year’s time.
Technical Analysis of Goodyear Tire & Rubber Co (GT)
The latest stats from [Goodyear Tire & Rubber Co, GT] show that its last 5-days average volume of 6.04 million was inferior to 6.05 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 44.62%. Additionally, its Average True Range was 0.47.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 77.71%, which indicates a significant increase from 32.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.97% in the past 14 days, which was lower than the 59.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.95, while its 200-day Moving Average is $9.17. Now, the first resistance to watch is $11.06. This is followed by the second major resistance level at $11.35. The third major resistance level sits at $11.67. If the price goes on to break the first support level at $10.45, it is likely to go to the next support level at $10.14. The third support level lies at $9.85 if the price breaches the second support level.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
Market capitalization of the company is 3.08 billion based on 285,703K outstanding shares. Right now, sales total 18,878 M and income totals 70,000 K. The company made 4,253 M in profit during its latest quarter, and 115,000 K in sales during its previous quarter.
