The Goodyear Tire & Rubber Company (NASDAQ:GT) finished Tuesday with a subtraction of -$0.8 to close at $18.37, a downside of -4.17 percent. An average of 4,007,640 shares of common stock have been traded in the last five days. There was a gain of $0.46 in the past week. The last 20 days have seen an average of 3,790,165 shares traded, while the 50-day average volume stands at 3,484,988.
GT stock has increased by 14.10% in the last month. The company shares reached their 1-month lowest point of $15.56 on 09/09/21. With the stock rallying to its 52-week high on 06/02/21, shares of the company touched a low of $8.18 and a high of $20.70 in 52 weeks. In spite of this, the price is down -11.26% from the 52-week high.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
139 days have passed since The Goodyear Tire & Rubber Company (GT) last reported insider trading activity. McClellan Stephen R, who is President, Americas, most recently acquired $5,357 shares at $19.44 per share on May 21.
The Goodyear Tire & Rubber Company (GT) has a trailing price-to-earnings (P/E) ratio of 31.56, which compares with the 15.45 for the broader industry and 19.94 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, The Goodyear Tire & Rubber Company’s PE ratio has ranged between 33.17 and 5.688. The stock’s beta is 2.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.34, the price-to-book (PB) ratio at 1.06, and the price-to-cash flow ratio at 4.11.
The company has a payout ratio of 0.00%. The company’s most recent quarterly dividend payment was $0.16 a share, without any change from last year.
The quick ratio of The Goodyear Tire & Rubber Company for the three months ended June 29 was 0.60, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 1.89 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 22.00% against a 5-year average of 22.4%. The Goodyear Tire & Rubber Company’s EBITDA margin for the year ending June 29 is 6.10%, while its operating margin for the same period stands at 3.60%. Its gross profit as reported stood at $1.98 billion compared to revenue of $12.32 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Goodyear Tire & Rubber Company’s return on assets was 0.80%, compared to 0.9% over the last five years. In the past year, the return on investment has been -10.40%, and the 5-year average is 3.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been 4.20% and the 5-year average holds at 2.3%. For the broader industry, ROE averaged 10.14 over the past year.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.98 billion in the quarter, while revenues of $3.51 billion were grew 46.12%. The analyst consensus anticipated The Goodyear Tire & Rubber Company’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.32, a 77.80% surprise. For the quarter, EBITDA amounted to $495.0 million. Shareholders own equity worth $281.19 million.
From a technical analysis perspective, let’s take a brief look at The Goodyear Tire & Rubber Company (GT) price momentum. RSI 9-day as of the close on 05 October was 57.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.51%.
As of today, GT’s price is $18.62 +2.57% or $0.46 from its 5-day moving average. GT is currently trading +16.63% higher than its 20-day SMA and -7.97% lower than its 100-day SMA. However, the stock’s current price level is +18.98% above the SMA50 and +75.96% above the SMA200.
The stochastic %K and %D were 83.53% and 85.14%, respectively, and the average true range (ATR) was 0.75. With the 14-day stochastic at 67.53% and the average true range at 0.71, the RSI (14) stands at 58.93%. The stock has reached 0.51 on the 9-day MACD Oscillator while the 14-day reading was at 1.10.
Morgan Stanley downgraded The Goodyear Tire & Rubber Company (NASDAQ: GT) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as a an Overweight.The consensus rating for The Goodyear Tire & Rubber Company (GT) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GT, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is GT’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $24.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for The Goodyear Tire & Rubber Company (GT) stock is $19.50.