The The Goodyear Tire & Rubber Company (NASDAQ:GT) is going up by 0.59% in today’s trading session, a rise equivalent to 0.07% of the stock’s price from yesterday’s market close. A news came out on 07/26/19 stating that Stocks to Watch: Twitter, Goodyear, Amazon.com, Mattel and More by WSJ. The lowest point that the shares touched during the trading session was $11.62, while the peak of the day was recorded at a share price of $12.135. GT finished the previous session at $11.92 according to the data provided by Barchart, while the trading volume was observed to be $2,352,115.
In the 100 days of trading, GT managed to top a 16.07% Moving average. Additionally, The Goodyear Tire & Rubber Company shares have achieved a 52-week range between 11.62 and 24.85 alongside 100 days raw stochastic set at 4.02%.
The number of shares outstanding, according to the fundamentals of the company, is set at 237.66M, equal to the value of $2.83B in market capitalization. Financial analysts indicate that GT shares should be still ranked as a “Outperform”. In the last 30 days, The Goodyear Tire & Rubber Company shares went down by -23.57%, adding 15.68 to growth in value, on top of a +3.14% boost since 07/12/19.
The Goodyear Tire & Rubber Company (NASDAQ:GT) Analyst’s Estimates
The Goodyear Tire & Rubber Company (GT) could record at least $0.51 per share in quarterly earnings in the upcoming report on 10/25/2019, a number that would actually represent an increase of 41.72% YOY.
According to the average analyst rating, The Goodyear Tire & Rubber Company would be rated as 2.45. Out of 11 different analysts monitoring GT stock, 3 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 1 indicate that GT is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-06-19, the stock earned a Upgrade rating due to a new analyst call from Longbow, while analysts from KeyBanc Capital Markets believe that the stock is set at Sector Weight, as concluded on May-23-19. Longbow, is still rather wary about the stock, deciding to keep the rating at Underperform as confirmed through a call on Feb-11-19.
Wolfe Research, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-02-18, giving the stock a Outperform rating.
GT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +25.18% has been attained, while the operating margin has been recorded at +7.50%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 4.08%. Beta value of the stock is recorded at 1.72. Additionally, The Goodyear Tire & Rubber Company is recording price volatility of 3.30% for the period of the last seven days and 3.95% in the last 30 days.
The Goodyear Tire & Rubber Company (NASDAQ:GT) Technical Outlook
For the period of the last 50 days, The Goodyear Tire & Rubber Company had its Raw Stochastic average set at 8.67% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 8.99%. Stochastic %K for The Goodyear Tire & Rubber Company, with the last 20 days included, was set at 7.02%, having Stochastic %D topping 7.38%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for The Goodyear Tire & Rubber Company stocks with recording -51.88% in metrics.
The Goodyear Tire & Rubber Company Insider Watch:
As far as the position of shares issued by The Goodyear Tire & Rubber Company (NASDAQ:GT) for the period concluded at the market close of 08/12/19, 194 institutional investors increased their positions in GT shares by 38,313,074, 207 decreased positions by 44,616,458 and 51 institutional investors decided to hold positions at 107,707,178. These numbers put the complete list of institutional holdings set at 190,636,710 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 60 institutional investments with 8,699,313 new shares in addition to having 86 institutional investors selling their positions in 18,321,361 shares.