Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Goodyear Tire & Rubber Co (NASDAQ: GT) closed at $9.46 in the last session, up 0.96% from day before closing price of $9.37. In other words, the price has increased by $0.96 from its previous closing price. On the day, 4.57 million shares were traded. GT stock price reached its highest trading level at $9.57 during the session, while it also had its lowest trading level at $9.35.
Ratios:
We take a closer look at GT’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2695343104 and an Enterprise Value of 12008340480. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 0.63 whereas that against EBITDA is 6.664.
Stock Price History:
The Beta on a monthly basis for GT is 1.79, which has changed by -0.3069597 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. 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 0.12%, while the 200-Day Moving Average is calculated to be -7.04%.
Shares Statistics:
According to the various share statistics, GT traded on average about 5.14M shares per day over the past 3-months and 4951940 shares per day over the past 10 days. 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 85.36% stake in the company. Shares short for GT as of 1735603200 were 22655366 with a Short Ratio of 4.40, compared to 1732838400 on 25461747. Therefore, it implies a Short% of Shares Outstanding of 22655366 and a Short% of Float of 10.3999995.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
