Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Goodyear Tire & Rubber Co’s stock clocked out at $9.23, up 1.76% from its previous closing price of $9.07. In other words, the price has increased by $1.76 from its previous closing price. On the day, 3.69 million shares were traded. GT stock price reached its highest trading level at $9.335 during the session, while it also had its lowest trading level at $9.13.
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 0.65 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:
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 2629811456 and an Enterprise Value of 11942808576. 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 0.55. Its current Enterprise Value per Revenue stands at 0.627 whereas that against EBITDA is 6.628.
Stock Price History:
The Beta on a monthly basis for GT is 1.79, which has changed by -0.35214287 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, GT has reached a high of $14.56, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is -2.01%, while the 200-Day Moving Average is calculated to be -7.77%.
Shares Statistics:
It appears that GT traded 4.85M shares on average per day over the past three months and 4080920 shares per day 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 85.56% stake in the company. Shares short for GT as of 1736899200 were 22335238 with a Short Ratio of 4.60, 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.
