The Goodyear Tire & Rubber Company (NASDAQ:GT) went up by 0.43% from its latest closing price compared to the recent 1-year high of $24.14. The company’s stock price has collected 1.84% of gains in the last five trading sessions. The Wall Street Journal reported on 06/07/22 that Goodyear Recalls Tire Linked to Eight Deaths, Several Dozen Injuries
Is It Worth Investing in The Goodyear Tire & Rubber Company (NASDAQ :GT) Right Now?
The Goodyear Tire & Rubber Company (NASDAQ:GT) scored a price-to-earnings ratio above its average ratio, recording 3.86 x from its present earnings ratio. Plus, the 36-month beta value for GT is at 1.85. Opinions of the stock are interesting as 4 analysts out of 9 who provided ratings for The Goodyear Tire & Rubber Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.14, which is $2.54 above the current price. GT currently public float of 281.70M and currently shorts hold a 4.78% ratio of that float. Today, the average trading volume of GT was 4.34M shares.
GT’s Market Performance
GT stocks went up by 1.84% for the week, with a monthly jump of 9.74% and a quarterly performance of 1.67%, while its annual performance rate touched -51.91%. The volatility ratio for the week stands at 2.38% while the volatility levels for the past 30 days are set at 3.28% for The Goodyear Tire & Rubber Company. The simple moving average for the period of the last 20 days is 8.85% for GT stocks with a simple moving average of -3.50% for the last 200 days.
Analysts’ Opinion of GT
Deutsche Bank, on the other hand, stated in their research note that they expect to see GT reach a price target of $15, previously predicting the price at $19. The rating they have provided for GT stocks is “Hold” according to the report published on July 18th, 2022.
Nomura gave a rating of “Buy” to GT, setting the target price at $15.30 in the report published on May 10th of the previous year.
GT Trading at 7.97% from the 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 company was unable to rebound, for now settling with -51.94% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +10.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.17% upper at present.
During the last 5 trading sessions, GT rose by +1.84%, which changed the moving average for the period of 200-days by -18.82% in comparison to the 20-day moving average, which settled at $10.71. In addition, The Goodyear Tire & Rubber Company saw 14.29% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GT
Current profitability levels for the company are sitting at:
- +5.83 for the present operating margin
- +24.11 for the gross margin
The net margin for The Goodyear Tire & Rubber Company stands at +4.37. Equity return is now at value 16.80, with 3.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.