Goodyear Tire & Rubber Co (NASDAQ: GT) kicked off on Tuesday, up 0.98% from the previous trading day, before settling in for the closing price of $11.20. Over the past 52 weeks, GT has traded in a range of $7.27-$12.58.
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Consumer Cyclical Sector giant saw their annual sales surged by 5.07% over the last five years. While this was happening, its average annual earnings per share was recorded 23.66%. With a float of $258.05 million, this company’s outstanding shares have now reached $285.65 million.
The firm has a total of 68000 workers. Let’s measure their productivity. 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 Activity
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 9.68%, 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) Earnings and Forecasts
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
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 0.04 in the next quarter and is forecasted to reach 1.95 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 5.49 million was lower than the volume posted last year of 6.02 million. As of the previous 9 days, the stock’s Stochastic %D was 70.85%. Additionally, its Average True Range was 0.44.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 89.46%, which indicates a significant increase from 71.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.16% in the past 14 days, which was lower than the 60.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.36, while its 200-day Moving Average is $9.31. Now, the first resistance to watch is $11.46. This is followed by the second major resistance level at $11.61. The third major resistance level sits at $11.79. If the price goes on to break the first support level at $11.13, it is likely to go to the next support level at $10.95. Should the price break the second support level, the third support level stands at $10.80.
Goodyear Tire & Rubber Co (NASDAQ: GT) Key Stats
The company with the Market Capitalisation of 3.23 billion has total of 285,703K 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 4,253 M and last quarter income was 115,000 K.
