The stock of Goodyear Tire & Rubber Co (GT) has seen a -1.94% decrease in the past week, with a -1.94% drop in the past month, and a 3.53% flourish in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 3.74% for GT. The simple moving average for the past 20 days is -0.17% for GT’s stock, with a -24.17% simple moving average for the past 200 days.
Is It Worth Investing in Goodyear Tire & Rubber Co (NASDAQ: GT) Right Now?
The stock has a 36-month beta value of 1.70. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GT is 262.54M, and at present, short sellers hold a 8.99% of that float. On November 04, 2024, the average trading volume of GT was 5.74M shares.
GT) stock’s latest price update
The stock of Goodyear Tire & Rubber Co (NASDAQ: GT) has increased by 1.76 when compared to last closing price of 8.22.Despite this, the company has seen a loss of -1.94% in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-04 that Toronto, Ontario–(Newsfile Corp. – November 4, 2024) – GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the “Company” or “GT Resources”) is pleased to announce additional diamond drill assay results from the 2024 exploration campaign at the Canalask Nickel-Copper Project, Yukon, Canada. 1.95% nickel, 0.05% copper, 0.03% cobalt 0.19 g/t gold, and 0.44 g/t palladium was intersected over 33.5 meters (Hole CSK24-05) in the Footwall Zone.
Analysts’ Opinion of GT
Morgan Stanley, on the other hand, stated in their research note that they expect to see GT reach a price target of $14. The rating they have provided for GT stocks is “Equal-Weight” according to the report published on June 13th, 2024.
HSBC Securities gave a rating of “Buy” to GT, setting the target price at $16.80 in the report published on December 04th of the previous year.
GT Trading at 0.65% 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 -45.11% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +0.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.81% lower at present.
During the last 5 trading sessions, GT fell by -2.87%, which changed the moving average for the period of 200-days by -39.30% in comparison to the 20-day moving average, which settled at $8.38. In addition, Goodyear Tire & Rubber Co saw -41.59% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GT starting from MCGLADE JOHN E, who purchase 31,408 shares at the price of $8.03 back on Aug 13 ’24. After this action, MCGLADE JOHN E now owns 31,408 shares of Goodyear Tire & Rubber Co, valued at $252,206 using the latest closing price.
KOELLNER LAURETTE T, the Director of Goodyear Tire & Rubber Co, purchase 26,000 shares at $7.90 during a trade that took place back on Aug 12 ’24, which means that KOELLNER LAURETTE T is holding 26,000 shares at $205,400 based on the most recent closing price.
Stock Fundamentals for GT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.2 for the gross margin
The net margin for Goodyear Tire & Rubber Co stands at -0.02. The total capital return value is set at 0.04. Equity return is now at value -7.18, with -1.57 for asset returns.
Based on Goodyear Tire & Rubber Co (GT), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.84. The interest coverage ratio of the stock is 1.05.
Currently, EBITDA for the company is 1.57 billion with net debt to EBITDA at 4.51. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 6.36for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
To sum up, Goodyear Tire & Rubber Co (GT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
