Goodyear Tire & Rubber Co (GT) concluded trading on Tuesday at a closing price of $8.89, with 2.35 million shares of worth about $20.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.15% during that period and on December 24, 2024 the price saw a gain of about 2.30%. Currently the company’s common shares owned by public are about 284.92M shares, out of which, 262.77M shares are available for trading.
Stock saw a price change of -3.03% in past 5 days and over the past one month there was a price change of -7.83%. Year-to-date (YTD), GT shares are showing a performance of -37.50% which decreased to -39.16% 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 $14.97 during that period. The average intraday trading volume for Goodyear Tire & Rubber Co shares is 5.46 million. The stock is currently trading -9.80% below its 20-day simple moving average (SMA20), while that difference is down -4.29% for SMA50 and it goes to -15.02% lower than SMA200.
Goodyear Tire & Rubber Co (NASDAQ: GT) currently have 284.92M outstanding shares and institutions hold larger chunk of about 85.45% of that.
The stock has a current market capitalization of $2.59B and its 3Y-monthly beta is at 1.80. 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 4.72% while standing at 4.05% over the month.
Stock’s fiscal year EPS is expected to rise by 370.22% while it is estimated to increase by 48.15% 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 Deutsche Bank on December 20, 2024 offering a Hold rating for the stock and assigned a target price of $10 to it. On June 13, 2024, Morgan Stanley Initiated their recommendations, while on December 04, 2023, HSBC Securities Initiated their ratings for the stock with a price target of $16.80. Stock get a Buy rating from Deutsche Bank on November 16, 2023.
