Goodyear Tire & Rubber Co (GT) concluded trading on Wednesday at a closing price of $9.49, with 4.44 million shares of worth about $42.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.28% during that period and on November 13, 2024 the price saw a gain of about 0.74%. Currently the company’s common shares owned by public are about 283.79M shares, out of which, 262.75M shares are available for trading.
Stock saw a price change of -0.21% in past 5 days and over the past one month there was a price change of 14.61%. Year-to-date (YTD), GT shares are showing a performance of -33.73% which decreased to -27.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.27 but also hit the highest price of $15.24 during that period. The average intraday trading volume for Goodyear Tire & Rubber Co shares is 5.39 million. The stock is currently trading 8.22% above its 20-day simple moving average (SMA20), while that difference is up 12.37% for SMA50 and it goes to -12.66% 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 89.27% of that.
The stock has a current market capitalization of $2.70B and its 3Y-monthly beta is at 1.73. It has posted earnings per share of -$1.04 in the same period. It has Quick Ratio of 0.65 while making debt-to-equity ratio of 2.12. 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 3.81% while standing at 4.46% over the month.
Stock’s fiscal year EPS is expected to rise by 368.29% while it is estimated to increase by 50.76% in next year.
Coverage by Morgan Stanley stated Goodyear Tire & Rubber Co (GT) stock as an Equal-weight in their note to investors on June 13, 2024, suggesting a price target of $14 for the stock. On December 04, 2023, HSBC Securities Initiated their recommendations, while on November 16, 2023, Deutsche Bank Upgrade their ratings for the stock with a price target of $21. Stock get a Neutral rating from Nomura on May 17, 2023.
