Goodyear Tire & Rubber Co (NASDAQ: GT) on Monday, soared 3.19% from the previous trading day, before settling in for the closing price of $10.67. Within the past 52 weeks, GT’s price has moved between $7.27 and $12.31.
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The company achieved an average annual earnings per share of 23.26%. With a float of $258.05 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 19.47%, 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 9.68%, while institutional ownership is 86.65%. 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 23.26% 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 0.02 in the next quarter and is forecasted to reach 1.97 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 5.09 million. That was inferior than the volume of 6.12 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.32%.
During the past 100 days, Goodyear Tire & Rubber Co’s (GT) raw stochastic average was set at 72.80%, which indicates a significant increase from 48.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.42 in the past 14 days, which was lower than the 0.46 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.97, while its 200-day Moving Average is $9.72.
