Market cap of The Goodyear Tire & Rubber Company [GT] reaches 2.51B – now what?

The Goodyear Tire & Rubber Company [NASDAQ: GT] closed the trading session at $10.44 on 12/18/20. The day’s price range saw the stock hit a low of $10.36, while the highest price level was $10.86. The company report on December 11, 2020 that Goodyear And SafeAI Announce Tire Intelligence For Autonomous Heavy Equipment.

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The Goodyear Tire & Rubber Company (NASDAQ: GT) and SafeAI, a pioneer in autonomous heavy equipment, announced a strategic relationship to incorporate tire intelligence into the programming of autonomous heavy equipment vehicles.

Through an integration with the SafeAI autonomous ecosystem, the companies will exchange site data to protect tire health, eliminate downtime and contribute to a smarter, safer standard for the construction industry. Tire intelligence from Goodyear’s TPMS Heavy Duty rim-mounted sensors will be deployed at an active construction site in Cupertino, Calif.

The stocks have a year to date performance of -32.88 percent and weekly performance of 0.38 percent. The stock has been moved at 22.11 percent over the last six months. The stock has performed -1.97 percent around the most recent 30 days and changed 30.17 percent over the most recent 3-months.

If compared to the average trading volume of 3.63M shares, GT reached to a volume of 5209335 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Goodyear Tire & Rubber Company [GT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GT shares is $11.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GT stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for The Goodyear Tire & Rubber Company shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 11, 2020. The new note on the price target was released on October 01, 2020, representing the official price target for The Goodyear Tire & Rubber Company stock.

The Average True Range (ATR) for The Goodyear Tire & Rubber Company is set at 0.47, with the Price to Sales ratio for GT stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 4.39. Price to Free Cash Flow for GT in the course of the last twelve months was 7.46 with Quick ratio for the last quarter at 0.70.

GT stock trade performance evaluation

The Goodyear Tire & Rubber Company [GT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.38. With this latest performance, GT shares dropped by -1.97% in over the last four-week period, additionally plugging by 22.11% over the last 6 months – not to mention a drop of -33.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GT stock in for the last two-week period is set at 49.43, with the RSI for the last a single of trading hit 45.91, and the three-weeks RSI is set at 51.07 for The Goodyear Tire & Rubber Company [GT]. The present Moving Average for the last 50 days of trading for this stock 10.16, while it was recorded at 10.66 for the last single week of trading, and 8.69 for the last 200 days.

The Goodyear Tire & Rubber Company [GT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Goodyear Tire & Rubber Company [GT] shares currently have an operating margin of +5.57 and a Gross Margin at +24.24. The Goodyear Tire & Rubber Company’s Net Margin is presently recorded at -2.11.

Return on Total Capital for GT is now 7.49, given the latest momentum, and Return on Invested Capital for the company is -3.15. Return on Equity for this stock declined to -6.75, with Return on Assets sitting at -1.83. When it comes to the capital structure of this company, The Goodyear Tire & Rubber Company [GT] has a Total Debt to Total Equity ratio set at 150.08. Additionally, GT Total Debt to Total Capital is recorded at 60.01, with Total Debt to Total Assets ending up at 38.00. Long-Term Debt to Equity for the company is recorded at 124.59, with the Long-Term Debt to Total Capital now at 49.82.

Reflecting on the efficiency of the workforce at the company, The Goodyear Tire & Rubber Company [GT] managed to generate an average of -$4,937 per employee. Receivables Turnover for the company is 7.43 with a Total Asset Turnover recorded at a value of 0.87.The Goodyear Tire & Rubber Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for The Goodyear Tire & Rubber Company [GT] stock

With the latest financial reports released by the company, The Goodyear Tire & Rubber Company posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.52/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -63.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Goodyear Tire & Rubber Company go to 4.90%.

The Goodyear Tire & Rubber Company [GT]: Insider Ownership positions

There are presently around $1,926 million, or 83.20% of GT stock, in the hands of institutional investors. The top three institutional holders of GT stocks are: BLACKROCK INC. with ownership of 25,594,895, which is approximately -12.191% of the company’s market cap and around 0.29% of the total institutional ownership; VANGUARD GROUP INC, holding 20,393,681 shares of the stock with an approximate value of $212.91 million in GT stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $125.67 million in GT stock with ownership of nearly 3.315% of the company’s market capitalization.

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Positions in The Goodyear Tire & Rubber Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 124 institutional holders increased their position in The Goodyear Tire & Rubber Company [NASDAQ:GT] by around 13,516,677 shares. Additionally, 151 investors decreased positions by around 16,496,414 shares, while 65 investors held positions by with 154,426,728 shares. The mentioned changes placed institutional holdings at 184,439,819 shares, according to the latest SEC report filing. GT stock had 37 new institutional investments in for a total of 2,203,530 shares, while 41 institutional investors sold positions of 1,188,742 shares during the same period.

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