Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The price of Goodyear Tire & Rubber Co. (NASDAQ: GT) closed at $11.71 in the last session, down -2.17% from day before closing price of $11.97. In other words, the price has decreased by -$2.17 from its previous closing price. On the day, 3.61 million shares were traded. GT stock price reached its highest trading level at $12.12 during the session, while it also had its lowest trading level at $11.665.
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 0.55 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 1.85 whereas as Long-Term Debt/Eq ratio is at 1.64.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, HSBC Securities on December 04, 2023, initiated with a Buy rating and assigned the stock a target price of $16.80.
On November 16, 2023, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $13 to $21.
Nomura Downgraded its Buy to Neutral on May 17, 2023, while the target price for the stock was maintained at $17.
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 Feb 28 ’24 when WELLS DARREN R sold 8,509 shares for $11.82 per share. The transaction valued at 100,579 led to the insider holds 150,441 shares of the business.
WELLS DARREN R sold 237 shares of GT for $2,845 on Feb 27 ’24. The EVP & Chief Admin. Officer now owns 150,441 shares after completing the transaction at $12.01 per share. On Feb 20 ’24, another insider, WELLS DARREN R, who serves as the EVP & Chief Admin. Officer of the company, sold 10,574 shares for $12.39 each. As a result, the insider received 131,034 and left with 122,158 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 3327349504 and an Enterprise Value of 11241112576. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.56 whereas that against EBITDA is 7.499.
Stock Price History:
Over the past 52 weeks, GT has reached a high of $16.50, while it has fallen to a 52-week low of $10.12. The 50-Day Moving Average of the stock is -7.44%, while the 200-Day Moving Average is calculated to be -11.89%.
Shares Statistics:
According to the various share statistics, GT traded on average about 3.90M shares per day over the past 3-months and 2545400 shares per day over the past 10 days. A total of 283.79M shares are outstanding, with a floating share count of 282.03M. Insiders hold about 0.75% of the company’s shares, while institutions hold 85.04% stake in the company. Shares short for GT as of 1711584000 were 19173964 with a Short Ratio of 4.92, compared to 1709164800 on 16073511. Therefore, it implies a Short% of Shares Outstanding of 19173964 and a Short% of Float of 8.83.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
Earnings Estimates
The market rating for Goodyear Tire & Rubber Co. (GT) is a result of the insights provided by MSCI USA Small Cap GTR Index Fu analysts actively involved in the assessment.The consensus estimate for the next quarter is $0.67, with high estimates of $16.33 and low estimates of $0.13.
EPS for the following year is $Currency, with Future analysts recommending between $Stocks and $Currency.
