Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Goodyear Tire & Rubber Co (NASDAQ: GT) closed at $8.66 down -0.46% from its previous closing price of $8.70. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 4.32 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 $8.53.
Ratios:
For a deeper understanding of Goodyear Tire & Rubber Co’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2467407104 and an Enterprise Value of 11780404224. 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 0.618 whereas that against EBITDA is 6.537.
Stock Price History:
The Beta on a monthly basis for GT is 1.73, which has changed by -0.36773258 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, GT has reached a high of $14.00, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is -7.77%, while the 200-Day Moving Average is calculated to be -13.03%.
Shares Statistics:
For the past three months, GT has traded an average of 4.96M shares per day and 4448610 over the past ten 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 85.72% stake in the company. Shares short for GT as of 1736899200 were 22335238 with a Short Ratio of 4.50, compared to 1734048000 on 22728122. Therefore, it implies a Short% of Shares Outstanding of 22335238 and a Short% of Float of 10.25.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 7.0 analysts currently analyzing and rating the stock of Goodyear Tire & Rubber Co (GT).The consensus estimate for the next quarter is $0.28, with high estimates of $0.81 and low estimates of -$0.31.
Analysts are recommending an EPS of between $1.08 and $0.86 for the fiscal current year, implying an average EPS of $0.98. EPS for the following year is $1.43, with 8.0 analysts recommending between $1.77 and $1.15.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $4.91B this quarter.It ranges from a high estimate of $4.98B to a low estimate of $4.81B. As of the current estimate, Goodyear Tire & Rubber Co’s year-ago sales were $5.12BFor the next quarter, 5 analysts are estimating revenue of $4.6B. There is a high estimate of $4.75B for the next quarter, whereas the lowest estimate is $4.46B.
A total of 6 analysts have provided revenue estimates for GT’s current fiscal year. The highest revenue estimate was $18.9B, while the lowest revenue estimate was $18.65B, resulting in an average revenue estimate of $18.8B. In the same quarter a year ago, actual revenue was $20.07BBased on 7 analysts’ estimates, the company’s revenue will be $18.55B in the next fiscal year. The high estimate is $19.42B and the low estimate is $17.43B.
