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As of close of business last night, Goodyear Tire & Rubber Co.’s stock clocked out at $8.25, down -4.95% from its previous closing price of $8.68. In other words, the price has decreased by -$4.95 from its previous closing price. On the day, 6.26 million shares were traded. GT stock price reached its highest trading level at $8.71 during the session, while it also had its lowest trading level at $8.23.
Ratios:
To gain a deeper understanding of GT’s stock, we examine its different ratios. 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:
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 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 2348667904 and an Enterprise Value of 11336083456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.50. 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 $7.27. The 50-Day Moving Average of the stock is -1.21%, while the 200-Day Moving Average is calculated to be -26.94%.
Shares Statistics:
It appears that GT traded 5.92M shares on average per day over the past three months and 5695650 shares per day over the past ten days. A total of 283.79M shares are outstanding, with a floating share count of 262.54M. Insiders hold about 7.78% of the company’s shares, while institutions hold 88.72% stake in the company. Shares short for GT as of 1727654400 were 19490453 with a Short Ratio of 3.29, compared to 1724976000 on 17858637. Therefore, it implies a Short% of Shares Outstanding of 19490453 and a Short% of Float of 8.9499995.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
