Goodyear Tire & Rubber Co (NASDAQ: GT)’s stock price has plunge by -3.69relation to previous closing price of 10.03. Nevertheless, the company has seen a -5.76% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-12-12 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Is It Worth Investing in Goodyear Tire & Rubber Co (NASDAQ: GT) Right Now?
Additionally, the 36-month beta value for GT is 1.79. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GT is 262.77M and currently, short sellers hold a 9.69% ratio of that float. The average trading volume of GT on December 16, 2024 was 5.32M shares.
GT’s Market Performance
GT’s stock has seen a -5.76% decrease for the week, with a 3.54% rise in the past month and a 20.60% gain in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are at 3.51% for Goodyear Tire & Rubber Co The simple moving average for the past 20 days is -3.89% for GT’s stock, with a -8.54% simple moving average for the past 200 days.
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 4.44% 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 -36.61% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +3.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.72% upper at present.
During the last 5 trading sessions, GT fell by -6.20%, which changed the moving average for the period of 200-days by -18.03% in comparison to the 20-day moving average, which settled at $10.05. In addition, Goodyear Tire & Rubber Co saw -32.54% 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:
- 0.05 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 0.06. Equity return is now at value -6.10, with -1.32 for asset returns.
Based on Goodyear Tire & Rubber Co (GT), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.95. The interest coverage ratio of the stock is 1.71.
Currently, EBITDA for the company is 856.0 million with net debt to EBITDA at 7.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. The receivables turnover for the company is 5.64for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, Goodyear Tire & Rubber Co (GT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
