The Goodyear Tire & Rubber Company [GT] is 45.46% higher this YTD. Is it still time to buy?

The Goodyear Tire & Rubber Company [NASDAQ: GT] gained 1.47% or 0.23 points to close at $15.87 with a heavy trading volume of 3182808 shares. The company report on July 14, 2021 that Goodyear Airless Tire First on Autonomous Shuttles.

Goodyear Partners with Local Motors, Beep and Jacksonville Transportation Authority on Industry First.

AKRON, Ohio –News Direct– Goodyear.

It opened the trading session at $15.70, the shares rose to $16.1786 and dropped to $15.70, the range by which the price of stock traded the whole day. The daily chart for GT points out that the company has recorded 38.85% gains over the past six months. However, it is still -117.99% lower than its most recent low trading price.

If we look at the average trading volume of 3.91M shares, GT reached to a volume of 3182808 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $19.75 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 2.10. 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 April 16, 2021. The new note on the price target was released on February 16, 2021, representing the official price target for The Goodyear Tire & Rubber Company stock. Previously, the target price had yet another raise to $16, while Morgan Stanley analysts kept a Overweight rating on GT stock.

The Average True Range (ATR) for The Goodyear Tire & Rubber Company is set at 0.64, with the Price to Sales ratio for GT stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 4.20. Price to Free Cash Flow for GT in the course of the last twelve months was 5.98 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for GT stock

The Goodyear Tire & Rubber Company [GT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.99. With this latest performance, GT shares dropped by -8.21% in over the last four-week period, additionally plugging by 38.85% over the last 6 months – not to mention a rise of 63.61% 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 38.97, with the RSI for the last a single of trading hit 39.31, and the three-weeks RSI is set at 40.34 for The Goodyear Tire & Rubber Company [GT]. The present Moving Average for the last 50 days of trading for this stock 18.07, while it was recorded at 15.69 for the last single week of trading, and 14.51 for the last 200 days.

The Goodyear Tire & Rubber Company [GT]: A deeper dive into fundamental analysis

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 -0.87 and a Gross Margin at +20.09. The Goodyear Tire & Rubber Company’s Net Margin is presently recorded at -10.18.

Return on Total Capital for GT is now -1.01, given the latest momentum, and Return on Invested Capital for the company is -13.22. Return on Equity for this stock declined to -33.76, with Return on Assets sitting at -7.44. 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 223.26. Additionally, GT Total Debt to Total Capital is recorded at 69.07, with Total Debt to Total Assets ending up at 41.63. Long-Term Debt to Equity for the company is recorded at 198.70, with the Long-Term Debt to Total Capital now at 61.47.

Reflecting on the efficiency of the workforce at the company, The Goodyear Tire & Rubber Company [GT] managed to generate an average of -$20,226 per employee. Receivables Turnover for the company is 6.78 with a Total Asset Turnover recorded at a value of 0.73.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 1.10.

The Goodyear Tire & Rubber Company [GT]: An earnings per share (EPS) analysis

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 9.13%.

An analysis of insider ownership at The Goodyear Tire & Rubber Company [GT]

There are presently around $3,825 million, or 72.70% of GT stock, in the hands of institutional investors. The top three institutional holders of GT stocks are: BLACKROCK INC. with ownership of 35,425,206, which is approximately 1.71% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 26,238,375 shares of the stock with an approximate value of $416.4 million in GT stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $239.4 million in GT stock with ownership of nearly -2.447% 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 July and at the time of the July reporting period, where 179 institutional holders increased their position in The Goodyear Tire & Rubber Company [NASDAQ:GT] by around 39,370,171 shares. Additionally, 234 investors decreased positions by around 27,249,463 shares, while 63 investors held positions by with 174,411,334 shares. The mentioned changes placed institutional holdings at 241,030,968 shares, according to the latest SEC report filing. GT stock had 73 new institutional investments in for a total of 11,653,541 shares, while 72 institutional investors sold positions of 5,770,984 shares during the same period.

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