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The closing price of Goodyear Tire & Rubber Co (NASDAQ: GT) was $9.83 for the day, up 3.36% from the previous closing price of $9.51. In other words, the price has increased by $3.36 from its previous closing price. On the day, 8.15 million shares were traded. GT stock price reached its highest trading level at $9.95 during the session, while it also had its lowest trading level at $9.5228.
Ratios:
Our analysis of GT’s different ratios will help us gain a deeper understanding of the company. 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.
On December 04, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $16.80.HSBC Securities initiated its Buy rating on December 04, 2023, with a $16.80 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2800763648 and an Enterprise Value of 12113760256. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 0.636 whereas that against EBITDA is 6.722.
Stock Price History:
Over the past 52 weeks, GT has reached a high of $15.24, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is 17.68%, while the 200-Day Moving Average is calculated to be -10.32%.
Shares Statistics:
GT traded an average of 5.63M shares per day over the past three months and 6738590 shares per day over the past ten days. A total of 283.79M shares are outstanding, with a floating share count of 262.54M. Insiders hold about 7.78% of the company’s shares, while institutions hold 90.41% stake in the company. Shares short for GT as of 1728950400 were 23600460 with a Short Ratio of 4.19, compared to 1726185600 on 15875349. Therefore, it implies a Short% of Shares Outstanding of 23600460 and a Short% of Float of 10.84.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
