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The price of Goodyear Tire & Rubber Co. (NASDAQ: GT) closed at $8.68 in the last session, up 0.35% from day before closing price of $8.65. In other words, the price has increased by $0.35 from its previous closing price. On the day, 2.91 million shares were traded. GT stock price reached its highest trading level at $8.785 during the session, while it also had its lowest trading level at $8.64.
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 0.54 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 2.02 whereas as Long-Term Debt/Eq ratio is at 1.63.
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:
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 2471083264 and an Enterprise Value of 11336083456. 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 0.53. Its current Enterprise Value per Revenue stands at 0.585 whereas that against EBITDA is 6.28.
Stock Price History:
Over the past 52 weeks, GT has reached a high of $15.24, while it has fallen to a 52-week low of $7.63. The 50-Day Moving Average of the stock is -18.48%, while the 200-Day Moving Average is calculated to be -30.52%.
Shares Statistics:
According to the various share statistics, GT traded on average about 4.36M shares per day over the past 3-months and 6191740 shares per day over the past 10 days. A total of 283.79M shares are outstanding, with a floating share count of 282.25M. Insiders hold about 0.85% of the company’s shares, while institutions hold 88.55% stake in the company. Shares short for GT as of 1722384000 were 20366164 with a Short Ratio of 4.67, compared to 1719532800 on 17720401. Therefore, it implies a Short% of Shares Outstanding of 20366164 and a Short% of Float of 9.36.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
