The Goodyear Tire & Rubber Company [GT] Is Currently 0.29 below its 200 Period Moving Avg: What Does This Mean?

The Goodyear Tire & Rubber Company [NASDAQ: GT] traded at a high on 12/21/22, posting a 0.29 gain after which it closed the day’ session at $10.36. The company report on December 14, 2022 that GOODYEAR NAMES CHRISTINA ZAMARRO CHIEF FINANCIAL OFFICER.


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Darren Wells to Become Chief Administrative Officer.

The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the appointment of Christina Zamarro to the role of Executive Vice President and Chief Financial Officer, reporting to Chairman, Chief Executive Officer and President Richard J. Kramer.

The results of the trading session contributed to over 3416466 shares changing hands. Over the past one week, the price volatility of The Goodyear Tire & Rubber Company stands at 3.49% while the volatility over the past one month is 3.08%.

The market cap for GT stock reached $2.95 billion, with 284.00 million shares outstanding and 281.70 million shares in the current float. Compared to the average trading volume of 4.40M shares, GT reached a trading volume of 3416466 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $14.14 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 2.00. 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.

Argus have made an estimate for The Goodyear Tire & Rubber Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 29, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $19 to $15. The new note on the price target was released on July 18, 2022, representing the official price target for The Goodyear Tire & Rubber Company stock. Previously, the target price had yet another raise from $15 to $15.30, while Nomura kept a Buy rating on GT stock.

The Average True Range (ATR) for The Goodyear Tire & Rubber Company is set at 0.38, with the Price to Sales ratio for GT stock in the period of the last 12 months amounting to 0.14. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 4.37.

How has GT stock performed recently?

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 -4.69. With this latest performance, GT shares dropped by -3.63% in over the last four-week period, additionally sinking by -7.58% over the last 6 months – not to mention a drop of -48.53% 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 42.18, with the RSI for the last a single of trading hit 39.37, and the three-weeks RSI is set at 43.68 for The Goodyear Tire & Rubber Company [GT]. The present Moving Average for the last 50 days of trading for this stock 10.99, while it was recorded at 10.39 for the last single week of trading, and 12.27 for the last 200 days.

The Goodyear Tire & Rubber Company [GT]: Deeper insight into the 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 +5.83 and a Gross Margin at +24.11. The Goodyear Tire & Rubber Company’s Net Margin is presently recorded at +4.37.

Return on Equity for this stock inclined to 18.92, with Return on Assets sitting at 4.03.

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 1.30.

Earnings analysis for The Goodyear Tire & Rubber Company [GT]

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%.

Insider trade positions for The Goodyear Tire & Rubber Company [GT]

There are presently around $2,377 million, or 82.20% of GT stock, in the hands of institutional investors. The top three institutional holders of GT stocks are: BLACKROCK INC. with ownership of 32,454,080, which is approximately -7.838% of the company’s market cap and around 0.41% of the total institutional ownership; VANGUARD GROUP INC, holding 28,220,515 shares of the stock with an approximate value of $292.37 million in GT stocks shares; and ALLIANCEBERNSTEIN L.P., currently with $210.33 million in GT stock with ownership of nearly -1.883% of the company’s market capitalization.

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 192 institutional holders increased their position in The Goodyear Tire & Rubber Company [NASDAQ:GT] by around 21,433,421 shares. Additionally, 182 investors decreased positions by around 23,440,693 shares, while 79 investors held positions by with 184,528,929 shares. The mentioned changes placed institutional holdings at 229,403,043 shares, according to the latest SEC report filing. GT stock had 58 new institutional investments in for a total of 7,811,329 shares, while 60 institutional investors sold positions of 11,785,491 shares during the same period.

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