The stock of Goodyear Tire & Rubber Co. (GT) has gone up by 10.35% for the week, with a 14.54% rise in the past month and a 11.13% rise in the past quarter. The volatility ratio for the week is 4.81%, and the volatility levels for the past 30 days are 4.29% for GT. The simple moving average for the past 20 days is 12.84% for GT’s stock, with a 13.22% simple moving average for the past 200 days.
Is It Worth Investing in Goodyear Tire & Rubber Co. (NASDAQ: GT) Right Now?
compared to its average ratio and a 36-month beta value of 1.83. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Goodyear Tire & Rubber Co. (GT) is $16.33, which is $2.15 above the current market price. The public float for GT is 281.96M, and currently, short sellers hold a 3.31% ratio of that float. The average trading volume of GT on November 20, 2023 was 3.27M shares.
GT) stock’s latest price update
The stock of Goodyear Tire & Rubber Co. (NASDAQ: GT) has increased by 0.14 when compared to last closing price of 14.16.Despite this, the company has seen a gain of 10.35% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-16 that Goodyear (GT) aims to optimize its portfolio, expand margins and reduce leverage to create significant value for its shareholders with the help of its Goodyear Forward plan.
Analysts’ Opinion of GT
Many brokerage firms have already submitted their reports for GT stocks, with Deutsche Bank repeating the rating for GT by listing it as a “Buy.” The predicted price for GT in the upcoming period, according to Deutsche Bank is $21 based on the research report published on November 16, 2023 of the current year 2023.
GT Trading at 13.91% 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 -14.09% of loss for the given period.
Volatility was left at 4.29%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares surge +15.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.48% upper at present.
During the last 5 trading sessions, GT rose by +10.35%, which changed the moving average for the period of 200-days by +21.72% in comparison to the 20-day moving average, which settled at $12.66. In addition, Goodyear Tire & Rubber Co. saw 39.70% 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 Goodyear Tire & Rubber Co. stands at +0.97. The total capital return value is set at 6.79, while invested capital returns managed to touch 1.56. Equity return is now at value -9.96, with -2.19 for asset returns.
Based on Goodyear Tire & Rubber Co. (GT), the company’s capital structure generated 168.11 points at debt to equity in total, while total debt to capital is 62.70. Total debt to assets is 39.72, with long-term debt to equity ratio resting at 152.60. Finally, the long-term debt to capital ratio is 56.92.
When we switch over and look at the enterprise to sales, we see a ratio of 0.57, with the company’s debt to enterprise value settled at 0.83. The receivables turnover for the company is 8.33 and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
To put it simply, Goodyear Tire & Rubber Co. (GT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.