The Goodyear Tire & Rubber Company (NASDAQ: GT) went down by -3.71% from its latest closing price when compared to the 1-year high value of $26.53, while GT stocks collected -9.05% of loss with the last five trading sessions.
The Goodyear Tire & Rubber Company (NASDAQ: GT) Worth an Investment?
The Goodyear Tire & Rubber Company (NASDAQ: GT) scored price to earnings ratio above its average ratio, recording 7.09 times of increase in earnings at the present.
GT Market Performance
GT stocks went down by -9.05% for the week, with the monthly drop of -14.84% and a quarterly performance of -11.05%, while its annual performance rate touched -35.52%. The simple moving average for the period of the last 20 days is -13.03% for GT stocks with the simple moving average of -21.41% for the last 200 days.
Analysts’ Opinion on The Goodyear Tire & Rubber Company (NASDAQ: GT)
Many brokerage firms have already submitted their reports for GT stocks, with Longbow repeating the rating for GT shares by setting it to “Underperform”. The predicted price for GT socks in the upcoming period according to Longbow is $14 based on the research report published on February 11, 2019.
Argus, on the other hand, stated in their research note that they expect to see GT stock at the price of $14. The rating they have provided for GT stocks is “Hold” according to the report published on February 11, 2019.
Wolfe Research gave “Outperform” rating to GT stocks, setting the target price at $14 in the report published on October 2, 2018.
GT Stocks -11.16% Far from 50 Day Moving Average
After a stumble in the market that brought GT to its low price for the period of the last 52 weeks, The Goodyear Tire & Rubber Company was unable to take a rebound, for now settling with -37.47% of loss for the given period.
The stock volatility was left at 2.86%, however, within the period of a single month, the volatility rate increased by 3.26%, while the shares sank at the distance of -16.08% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -16.00% lower at the present time.
In the course of the last 5 trading sessions, GT went down by -9.05%, which changed the moving average for the period of 200 days to the total of -23.34% of losses for the stock in comparison to the 20-day moving average settled at $18.92. In addition, The Goodyear Tire & Rubber Company saw -18.72% in overturn over the period of a single year with a tendency to cut further losses.
GT Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at The Goodyear Tire & Rubber Company (GT), starting from Geissler Werner, who bought 35,000 shares at the price of $18.65 back on Feb 13. After this action, Rushing now owns 50,000 shares of The Goodyear Tire & Rubber Company, valued at $652,628 with the latest closing price.
GT Stock Fundamentals
The current profitability levels are settled at +7.50 for the present operating margin and +25.18 for gross margin. The net margin for The Goodyear Tire & Rubber Company stands at +4.48. Total capital return value is set at 10.84, while invested capital returns managed to touch 7.05. Equity return holds the value 11.70%, with 3.20% for asset returns.
Based on The Goodyear Tire & Rubber Company (GT), the company’s capital structure generated 118.48 points for debt to equity in total, while total debt to capital is set at the value of 54.23. Total debt to assets is settled at the value of 34.16 with long-term debt to equity ratio rests at 105.06 and long-term debt to capital is 48.09.
EBITDA value lies at +362.00 M with total debt to EBITDA carrying the value of 2.97. The value for Enterprise to Sales is 0.58 with debt to enterprise value settled at 0.58. The receivables turnover for The Goodyear Tire & Rubber Company is 7.63 with the total asset turnover at the value of 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.