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The price of Goodyear Tire & Rubber Co. (NASDAQ: GT) closed at $8.56 in the last session, down -2.06% from day before closing price of $8.74. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 7.66 million shares were traded. GT stock price reached its highest trading level at $8.74 during the session, while it also had its lowest trading level at $8.4.
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.
On June 13, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $14.
On December 04, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $16.80.HSBC Securities initiated its Buy rating on December 04, 2023, with a $16.80 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 2436920832 and an Enterprise Value of 11301920768. 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 0.584 whereas that against EBITDA is 6.261.
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 $7.27. The 50-Day Moving Average of the stock is -3.06%, while the 200-Day Moving Average is calculated to be -26.91%.
Shares Statistics:
According to the various share statistics, GT traded on average about 5.48M shares per day over the past 3-months and 6306930 shares per day over the past 10 days. A total of 283.79M shares are outstanding, with a floating share count of 282.54M. Insiders hold about 0.76% of the company’s shares, while institutions hold 88.55% stake in the company. Shares short for GT as of 1726185600 were 15875349 with a Short Ratio of 2.90, compared to 1723680000 on 16037041. Therefore, it implies a Short% of Shares Outstanding of 15875349 and a Short% of Float of 7.290000000000001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
