The price-to-earnings ratio for The Goodyear Tire & Rubber Company (NASDAQ: GT) is 14.84x, which is above its average ratio. Moreover, the 36-month beta value for GT is 1.81.
The public float for GT is 281.66M and currently, short sellers hold a 4.65% of that float. On March 17, 2023, GT’s average trading volume was 4.30M shares.
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GT) stock’s latest price update
The Goodyear Tire & Rubber Company (NASDAQ: GT)’s stock price has decreased by -1.53 compared to its previous closing price of 10.43. Nevertheless, the company has seen a loss of -5.61% in its stock price over the last five trading days. The Wall Street Journal reported on 01/25/23 that Justice Department Probes Goodyear’s Handling of Recalled Tire
GT’s Market Performance
GT’s stock has fallen by -5.61% in the past week, with a monthly drop of -13.11% and a quarterly drop of -5.52%. The volatility ratio for the week is 4.29% while the volatility levels for the last 30 days are 3.13% for The Goodyear Tire & Rubber Company The simple moving average for the last 20 days is -8.61% for GT stock, with a simple moving average of -12.25% for the last 200 days.
Analysts’ Opinion of GT
Deutsche Bank gave a rating of “Hold” to GT, setting the target price at $15 in the report published on July 18th of the previous year.
GT Trading at -8.89% 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 -34.54% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 4.29%, as shares sank -11.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.71% lower at present.
During the last 5 trading sessions, GT fell by -4.78%, which changed the moving average for the period of 200-days by -19.81% in comparison to the 20-day moving average, which settled at $11.17. In addition, The Goodyear Tire & Rubber Company saw 1.18% 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:
- +4.57 for the present operating margin
- +20.42 for the gross margin
The net margin for The Goodyear Tire & Rubber Company stands at +0.97. Equity return is now at value 3.90, with 0.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To wrap up, the performance of The Goodyear Tire & Rubber Company (GT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
