The Goodyear Tire & Rubber Company [NASDAQ: GT] closed the trading session at $12.94 on 09/20/23. The day’s price range saw the stock hit a low of $12.62, while the highest price level was $13.23. The company report on September 14, 2023 at 1:36 PM that GOODYEAR HAS BEEN HONORING HEROIC TRUCK DRIVERS ON THE ROADS FOR 40 YEARS.
Goodyear will recognize more commercial truckers for the 2023 Highway Hero Award.
In celebration of National Truck Driver Appreciation Week and the 40th year of the Goodyear Highway Hero Award, The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the call for entries for the 2023 Highway Hero Award. Since 1983 Goodyear has been recognizing commercial truck drivers who go above and beyond their regular duties to keep our highways safe.
The stocks have a year to date performance of 27.49 percent and weekly performance of 1.65 percent. The stock has been moved at 24.78 percent over the last six months. The stock has performed 1.41 percent around the most recent 30 days and changed -3.36 percent over the most recent 3-months.
If compared to the average trading volume of 3.91M shares, GT reached to a volume of 4669350 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 $14.00 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 2.40. 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.
Nomura have made an estimate for The Goodyear Tire & Rubber Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 17, 2023.
The Average True Range (ATR) for The Goodyear Tire & Rubber Company is set at 0.45, with the Price to Sales ratio for GT stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 0.72, with the Price to Cash per share for the same quarter was set at 3.73.
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 1.65. With this latest performance, GT shares gained by 1.41% in over the last four-week period, additionally plugging by 24.78% over the last 6 months – not to mention a drop of -1.45% 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 49.74, with the RSI for the last a single of trading hit 54.08, and the three-weeks RSI is set at 48.10 for The Goodyear Tire & Rubber Company [GT]. The present Moving Average for the last 50 days of trading for this stock 13.75, while it was recorded at 12.64 for the last single week of trading, and 12.21 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 +4.57 and a Gross Margin at +20.42. The Goodyear Tire & Rubber Company’s Net Margin is presently recorded at +0.97.
Return on Total Capital for GT is now 6.79, given the latest momentum, and Return on Invested Capital for the company is 1.56. Return on Equity for this stock inclined to 3.92, with Return on Assets sitting at 0.92. 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 168.11. Additionally, GT Total Debt to Total Capital is recorded at 62.70, with Total Debt to Total Assets ending up at 39.72. Long-Term Debt to Equity for the company is recorded at 152.60, with the Long-Term Debt to Total Capital now at 56.92.
Reflecting on the efficiency of the workforce at the company, The Goodyear Tire & Rubber Company [GT] managed to generate an average of $2,730 per employee. Receivables Turnover for the company is 8.33 with a Total Asset Turnover recorded at a value of 0.95.The Goodyear Tire & Rubber Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for The Goodyear Tire & Rubber Company [GT] stock
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 3.56%.
The Goodyear Tire & Rubber Company [GT]: Institutional Ownership
The top three institutional holders of GT stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in GT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in GT stock with ownership which is approximately 5.7381%.