The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $9.54 in the prior trading day, Goodyear Tire & Rubber Co (NASDAQ: GT) closed at $9.39, down -1.57%. In other words, the price has decreased by -$1.57 from its previous closing price. On the day, 4.8 million shares were traded.
Ratios:
Our goal is to gain a better understanding of GT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.85 whereas as Long-Term Debt/Eq ratio is at 1.51.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
As of this moment, Goodyear’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.91, and their Forward P/E ratio for the next fiscal year is 4.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.56.
Stock Price History:
Over the past 52 weeks, GT has reached a high of $13.86, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is 3.16%, while the 200-Day Moving Average is calculated to be -3.63%.
Shares Statistics:
A total of 284.97M shares are outstanding, with a floating share count of 257.78M. Insiders hold about 9.54% of the company’s shares, while institutions hold 85.64% stake in the company.
