The The Goodyear Tire & Rubber Company (NASDAQ:GT) is going up by 0.66% in today’s trading session, a rise equivalent to 0.1% of the stock’s price from yesterday’s market close. A news came out on 10/17/19 stating that Goodyear to Announce Third Quarter 2019 Financial Results by WSJ. The lowest point that the shares touched during the trading session was $15.13, while the peak of the day was recorded at a share price of $15.39. GT finished the previous session at $15.15 according to the data provided by Barchart, while the trading volume was observed to be $873224.
In the 100 days of trading, GT managed to top a 13.76% Moving average. Additionally, The Goodyear Tire & Rubber Company shares have achieved a 52-week range between 10.74 and 23.95 alongside 100 days raw stochastic set at 89.10%.
The number of shares outstanding, according to the fundamentals of the company, is set at 233.90M, equal to the value of $3.54B in market capitalization. In the last 30 days, The Goodyear Tire & Rubber Company shares went down by -1.77%, adding 15.55 to growth in value, on top of a +16.69% boost since 09/20/19.
The Goodyear Tire & Rubber Company (NASDAQ:GT) Analyst’s Estimates
The Goodyear Tire & Rubber Company (GT) could record at least $0.52 per share in quarterly earnings in the upcoming report on 10/25/2019, a number that would actually represent an increase of 2.22 YOY.
According to the average analyst rating, The Goodyear Tire & Rubber Company would be rated as Overweight. Out of 8 different analysts monitoring GT stock, 3 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 0 indicate that GT is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 16, 2019, the stock earned a Initiated rating due to a new analyst call from Exane BNP Paribas, while analysts from Longbow believe that the stock is set at Neutral from Underperform, as concluded on June 06, 2019. KeyBanc Capital Markets, is still rather wary about the stock, deciding to keep the rating at Sector Weight as confirmed through a call on May 23, 2019.
Regardless of the rating, Longbow did increase their price to $14 as they are considering target share price analysis. Argus, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on February 11, 2019, giving the stock a Hold from the Buy rating.
GT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +25.50% has been attained, while the operating margin has been recorded at +7.59%. 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 1.74. Additionally, The Goodyear Tire & Rubber Company is recording price volatility of 2.68% for the period of the last seven days and 3.18% 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 94.28% 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 88.82%. Stochastic %K for The Goodyear Tire & Rubber Company, with the last 20 days included, was set at 91.03%, having Stochastic %D topping 92.38%. 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 -25.77% in metrics.
The Goodyear Tire & Rubber Company Insider Watch:
Similarly, 91.97% of the company’s float is held by institutions – and there are 644 institutions in total holding shares of this company. The top three institutional holders of GT stocks are: Blackrock Inc. with ownership of $354.69 million, which is approximately 23182240 of the company’s shares; Vanguard Group, Inc. (The), holding 22000871 shares of the stock with an approximate value of $336.61 million; and Lsv Asset Management, currently with more than 10965764 shares of the company valued at $167.78 million. Positions in The Goodyear Tire & Rubber Company stocks held by institutional investors has been changing actively in the past six months, a period during which there were 4 insider purchases amounting to 20279 shares.