For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $8.59 in the prior trading day, Goodyear Tire & Rubber Co (NASDAQ: GT) closed at $8.62, up 0.35%. In other words, the price has increased by $0.35 from its previous closing price. On the day, 10.05 million shares were traded. GT stock price reached its highest trading level at $8.8 during the session, while it also had its lowest trading level at $8.41.
Ratios:
Our goal is to gain a better understanding of GT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.65 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 2.12 whereas as Long-Term Debt/Eq ratio is at 1.74.
On June 13, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $14.Morgan Stanley initiated its Equal-Weight rating on June 13, 2024, with a $14 target price.
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 2456010240 and an Enterprise Value of 11769007104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 0.618 whereas that against EBITDA is 6.531.
Stock Price History:
Over the past 52 weeks, GT has reached a high of $14.97, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is -7.07%, while the 200-Day Moving Average is calculated to be -17.88%.
Shares Statistics:
The stock has traded on average 5.40M shares per day over the past 3-months and 4649190 shares per day over the last 10 days, according to various share statistics. A total of 284.92M shares are outstanding, with a floating share count of 262.77M. Insiders hold about 7.77% of the company’s shares, while institutions hold 85.45% stake in the company. Shares short for GT as of 1732838400 were 25461747 with a Short Ratio of 4.72, compared to 1730332800 on 25117392. Therefore, it implies a Short% of Shares Outstanding of 25461747 and a Short% of Float of 11.68.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
