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Goodyear Tire & Rubber Co (NASDAQ: GT) closed the day trading at $10.67 down -2.20% from the previous closing price of $10.91. In other words, the price has decreased by -$2.20 from its previous closing price. On the day, 4.94 million shares were traded. GT stock price reached its highest trading level at $10.935 during the session, while it also had its lowest trading level at $10.61.
Ratios:
For a better understanding of GT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.64.
Deutsche Bank Upgraded its Hold to Buy on March 31, 2025, while the target price for the stock was maintained at $13.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 13 ’24 when MCGLADE JOHN E bought 31,408 shares for $8.03 per share. The transaction valued at 252,206 led to the insider holds 31,408 shares of the business.
KOELLNER LAURETTE T bought 26,000 shares of GT for $205,400 on Aug 12 ’24. The Director now owns 26,000 shares after completing the transaction at $7.90 per share. On Aug 12 ’24, another insider, Phillips David Emmitt, who serves as the Sr VP and General Counsel of the company, sold 77,009 shares for $7.89 each. As a result, the insider received 607,601 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GT now has a Market Capitalization of 3048451072 and an Enterprise Value of 11252742144. As of this moment, Goodyear’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.73, and their Forward P/E ratio for the next fiscal year is 5.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.605 whereas that against EBITDA is 7.246.
Stock Price History:
The Beta on a monthly basis for GT is 1.38, which has changed by -0.106365144 over the last 52 weeks, in comparison to a change of 0.13161862 over the same period for the S&P500. Over the past 52 weeks, GT has reached a high of $12.58, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is -2.71%, while the 200-Day Moving Average is calculated to be 9.87%.
Shares Statistics:
Over the past 3-months, GT traded about 6.06M shares per day on average, while over the past 10 days, GT traded about 5863590 shares per day. A total of 285.65M shares are outstanding, with a floating share count of 258.05M. Insiders hold about 9.68% of the company’s shares, while institutions hold 86.65% stake in the company. Shares short for GT as of 1749772800 were 20797770 with a Short Ratio of 3.43, compared to 1747267200 on 22720685. Therefore, it implies a Short% of Shares Outstanding of 20797770 and a Short% of Float of 9.5.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 2.81. The current Payout Ratio is 0.00% for GT, which recently paid a dividend on 2020-01-31 with an ex-dividend date of 2020-01-31. Stock splits for the company last occurred on 1993-05-05 when the company split stock in a 2:1 ratio.
