Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Goodyear Tire & Rubber Co (NASDAQ: GT) closed at $11.45 in the last session, up 1.33% from day before closing price of $11.3. In other words, the price has increased by $1.33 from its previous closing price. On the day, 6.51 million shares were traded. GT stock price reached its highest trading level at $11.46 during the session, while it also had its lowest trading level at $11.135.
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 0.64 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.64.
Deutsche Bank Upgraded its Hold to Buy on March 31, 2025, while the target price for the stock was maintained at $13.
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 3314729216 and an Enterprise Value of 11252742144. As of this moment, Goodyear’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.66, and their Forward P/E ratio for the next fiscal year is 5.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 0.605 whereas that against EBITDA is 7.246.
Stock Price History:
The Beta on a monthly basis for GT is 1.37, which has changed by 0.00881052 over the last 52 weeks, in comparison to a change of 0.11844492 over the same period for the S&P500. Over the past 52 weeks, GT has reached a high of $12.58, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is 4.39%, while the 200-Day Moving Average is calculated to be 18.87%.
Shares Statistics:
According to the various share statistics, GT traded on average about 6.18M shares per day over the past 3-months and 7113250 shares per day over the past 10 days. A total of 285.65M shares are outstanding, with a floating share count of 258.05M. Insiders hold about 9.68% of the company’s shares, while institutions hold 86.61% stake in the company. Shares short for GT as of 1749772800 were 20797770 with a Short Ratio of 3.36, compared to 1747267200 on 22720685. Therefore, it implies a Short% of Shares Outstanding of 20797770 and a Short% of Float of 9.5.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 2.81. The current Payout Ratio is 0.00% for GT, which recently paid a dividend on 2020-01-31 with an ex-dividend date of 1580428800. Stock splits for the company last occurred on 1993-05-05 when the company split stock in a 2:1 ratio.
