Analyzing The Goodyear Tire & Rubber Company (GT) By Technical Indicators

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At the last check on Friday, The Goodyear Tire & Rubber Company’s (NASDAQ:GT) stock was up $0.17, moving up 1.53 percent to $11.46. The average number of shares traded per day over the past five days has been 3,009,784 shares. 3 times new highs have been achieved over the past 5 days, with a $0.79 gain in that time frame. In the last twenty days, the average volume was 5,777,236, while in the previous 50 days, it was 4,740,019.

Since last month, GT stock retreated -6.92%. Shares of the company fell to $9.76 on 11/09/22, the lowest level in the past month. A 52-week high of $24.17 was reached on 01/14/22 after having rallying from a 52-week low of $9.76. Since the beginning of this year, GT’s stock price has dropped by -47.05% or -$9.80, and marked a new high 6 times. However, the stock has declined by -52.58% since its 52-week high.


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GT stock investors should be aware that The Goodyear Tire & Rubber Company (GT) stock had its last reported insider trading activity 352 days ago on Dec 08. KRAMER RICHARD J, the Chairman of the Bd, CEO & Pres of the company, disposed of 175,197 shares for $22.33 on Dec 08. It resulted in a $3,912,149 divestment by the insider.

Valuation Metrics

Right now, The Goodyear Tire & Rubber Company (GT) has a P/E ratio of about 3.75. The stock’s beta is 1.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 0.63.

The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16.

Financial Health

In the three months ended June 29, The Goodyear Tire & Rubber Company’s quick ratio stood at 0.70, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.54, and the total debt-to-equity ratio was 1.70. On the profitability front, the trailing twelve-month gross margin is 19.90% percent. In the year ended June 29, operating margins totaled 5.00%. Based on annual data, GT earned $3.79 billion in gross profit and brought in $17.48 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.90%. Return on equity (ROE) for the past 12 months was 16.80%.

In The Goodyear Tire & Rubber Company’s quarter-end financial report for June 29, it reported total debt of $7.84 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GT’s revenue rose 7.1% to $5.21 billion during the quarter, while net income inched up to $5.31 billion. While analysts expected The Goodyear Tire & Rubber Company to report $0.36 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 27.80%. During the quarter, the company generated $550.0 million in EBITDA. The liabilities of The Goodyear Tire & Rubber Company were 18.13 billion at the end of its most recent quarter ended June 29, and its total debt was $9.45 billion. The value of shareholders’ equity is $282.86 million.

Technical Picture

This quick technical analysis looks at The Goodyear Tire & Rubber Company’s (GT) price momentum. With a historical volatility rate of 61.58%, the RSI 9-day stood at 59.16% on 23 November.

With respect to its five-day moving average, the current The Goodyear Tire & Rubber Company price is up by +7.18% percent or $0.79. At present, GT shares trade -5.85% below its 20-day simple moving average and +9.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately -11.96% below its SMA50 and -47.37% below its SMA200.

Stochastic coefficient K was 81.06% and Stochastic coefficient D was 75.51%, while ATR was 0.46. Given the Stochastic reading of 88.64% for the 14-day period, the RSI (14) reading has been calculated as 54.49%. As of today, the MACD Oscillator reading stands at 0.33, while the 14-day reading stands at 0.52.

Analyst Ratings

The Goodyear Tire & Rubber Company downgraded its rating on The Goodyear Tire & Rubber Company (NASDAQ: GT) to a Hold in a note to investors on July 18, 2022. The analysts firm previously had a Buy rating on the stock.The Goodyear Tire & Rubber Company (GT) has been rated Overweight by analysts. According to 0 brokerage firms, GT is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate The Goodyear Tire & Rubber Company stock as buy, with 4 recommending it as overweight.

With a median target price of $15.00, the current consensus forecast for the stock is $10.00 – $17.00. Based on these forecasts, analysts predict The Goodyear Tire & Rubber Company (GT) will achieve an average price target of $14.14.

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