Goodyear Tire & Rubber Co. (GT) concluded trading on 01/11/24 at a closing price of $13.20, with 3.88 million shares of worth about $51.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.62% during that period and on Thursday the price saw a loss of about -0.83%. Currently the company’s common shares owned by public are about 282.90M shares, out of which, 281.96M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the GT stock and their offered price forecasts bring an average price target of $16.40. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $21.00 and could fall to a lowest price of $13.00. The stock’s current price level is 19.51% above of average price target set by the analysts, while a rise to estimated low would result in loss of -1.54% for the stock. However, touching the estimated high of $21.00 would mean a gain of 37.14% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 614,263 shares in 19 of the transactions. In 19 selling transactions, insiders dumped 224,919 shares.
Goodyear Tire & Rubber Co. (NASDAQ: GT) started trading at $13.17, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 13.35, or with a loss of -0.83%. Stock saw a price change of -2.29% in past 5 days and over the past one month there was a price change of -6.71%. Year-to-date (YTD), GT shares are showing a performance of -7.82% which increased to 15.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.85 but also hit the highest price of $16.50 during that period. The average intraday trading volume for Goodyear Tire & Rubber Co. shares is 3.35 million. The stock is currently trading -7.24% below its 20-day simple moving average (SMA20), while that difference is down -4.11% for SMA50 and it goes to 0.91% higher than SMA200.
Goodyear Tire & Rubber Co. (NASDAQ: GT) currently have 282.90M outstanding shares and institutions hold larger chunk of about 84.41% of that.
The stock has a current market capitalization of $3.74B and its 3Y-monthly beta is at 1.88. It has posted earnings per share of -$1.76 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 1.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GT, volatility over the week remained 2.75% while standing at 2.60% over the month.
Analysts are in expectations that Goodyear Tire & Rubber Co. (GT) stock would likely to be making an EPS of $Energy Transfer LP in the current quarter, while forecast for next quarter EPS is $13.92 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $General Electric Company which is $Target Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $GigaCloud Technology Inc in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -92.08% while it is estimated to increase by 1277.28% in next year. EPS is likely to grow at an annualized rate of 14.29% for next 5-years, compared to annual growth of -12.38% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Goodyear Tire & Rubber Co. (GT)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 10 Wall Street analysts, 5 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on December 04, 2023 offering a Buy rating for the stock and assigned a target price of $16.80 to it.
