Financial Analysis: Goodyear Tire & Rubber Co. (GT)’s Ratios Unveil Key Insights

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In other words, the price has increased by $0.00 from its previous closing price. On the day, 3.04 million shares were traded. GT stock price reached its highest trading level at $11.0 during the session, while it also had its lowest trading level at $10.78.


To gain a deeper understanding of GT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.08. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 2.01 whereas as Long-Term Debt/Eq ratio is at 1.80.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on June 13, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $14.

On December 04, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $16.80.

Deutsche Bank Upgraded its Hold to Buy on November 16, 2023, whereas the target price for the stock was revised from $13 to $21.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 ’24 when WELLS DARREN R sold 8,509 shares for $11.82 per share. The transaction valued at 100,579 led to the insider holds 150,441 shares of the business.

WELLS DARREN R sold 237 shares of GT for $2,845 on Feb 27 ’24. The EVP & Chief Admin. Officer now owns 150,441 shares after completing the transaction at $12.01 per share. On Feb 20 ’24, another insider, WELLS DARREN R, who serves as the EVP & Chief Admin. Officer of the company, sold 10,574 shares for $12.39 each. As a result, the insider received 131,034 and left with 122,158 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 3091700736 and an Enterprise Value of 11668701184. 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 0.67. Its current Enterprise Value per Revenue stands at 0.593 whereas that against EBITDA is 7.385.

Stock Price History:

The Beta on a monthly basis for GT is 1.74, which has changed by -0.24002796 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, GT has reached a high of $16.50, while it has fallen to a 52-week low of $10.80. The 50-Day Moving Average of the stock is -9.59%, while the 200-Day Moving Average is calculated to be -15.21%.

Shares Statistics:

It appears that GT traded 2.61M shares on average per day over the past three months and 2610700 shares per day over the past ten days. A total of 283.79M shares are outstanding, with a floating share count of 282.55M. Insiders hold about 0.75% of the company’s shares, while institutions hold 88.84% stake in the company. Shares short for GT as of 1718323200 were 15932238 with a Short Ratio of 6.10, compared to 1715731200 on 16907844. Therefore, it implies a Short% of Shares Outstanding of 15932238 and a Short% of Float of 7.32.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 2.81.

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