Goodyear Tire & Rubber Co. (GT) concluded trading on Wednesday at a closing price of $11.93, with 4.01 million shares of worth about $47.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.27% during that period and on May 01, 2024 the price saw a loss of about -0.25%. Currently the company’s common shares owned by public are about 283.79M shares, out of which, 282.01M shares are available for trading.
Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of -11.10%. Year-to-date (YTD), GT shares are showing a performance of -16.69% which increased to 8.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.12 but also hit the highest price of $16.50 during that period. The average intraday trading volume for Goodyear Tire & Rubber Co. shares is 3.69 million. The stock is currently trading -3.41% below its 20-day simple moving average (SMA20), while that difference is down -4.33% for SMA50 and it goes to -9.54% lower than SMA200.
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Goodyear Tire & Rubber Co. (NASDAQ: GT) currently have 283.79M outstanding shares and institutions hold larger chunk of about 84.66% of that.
The stock has a current market capitalization of $3.39B and its 3Y-monthly beta is at 1.86. It has posted earnings per share of -$2.42 in the same period. It has Quick Ratio of 0.55 while making debt-to-equity ratio of 1.85. 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 2.62% while standing at 2.98% over the month.
Analysts are in expectations that Goodyear Tire & Rubber Co. (GT) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0.19 and it is $1.88 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.22 which is $0.15 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 -$0.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 490.41% while it is estimated to increase by 53.58% in next year.
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. Coverage by Deutsche Bank stated Goodyear Tire & Rubber Co. (GT) stock as a Buy in their note to investors on November 16, 2023, suggesting a price target of $21 for the stock. On May 17, 2023, Nomura Downgrade their recommendations, while on May 15, 2023, Exane BNP Paribas Upgrade their ratings for the stock with a price target of $13. Stock get an Underperform rating from Exane BNP Paribas on January 30, 2023.
