Goodyear Tire & Rubber Co. [NASDAQ: GT] jumped around 0.38 points on Monday, while shares priced at $8.94 at the close of the session, up 4.44%.
Compared to the average trading volume of 4.37M shares, GT reached a trading volume of 5555716 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Goodyear Tire & Rubber Co. [GT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GT shares is $13.11 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 2.18. 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 Goodyear Tire & Rubber Co. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on June 13, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price to Buy. The new note on the price target was released on December 04, 2023, representing the official price target for Goodyear Tire & Rubber Co. stock. Previously, the target price had yet another raise from $13 to $21, while Deutsche Bank kept a Buy rating on GT stock.
The Average True Range (ATR) for Goodyear Tire & Rubber Co. is set at 0.48, with the Price to Sales ratio for GT stock in the period of the last 12 months amounting to 0.13. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 2.99.
How has GT stock performed recently?
Goodyear Tire & Rubber Co. [GT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.91. With this latest performance, GT shares dropped by -26.12% in over the last four-week period, additionally sinking by -27.38% over the last 6 months – not to mention a drop of -28.31% 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 40.79, with the RSI for the last a single of trading hit 46.42, and the three-weeks RSI is set at 39.14 for Goodyear Tire & Rubber Co. [GT]. The present Moving Average for the last 50 days of trading for this stock 10.72, while it was recorded at 8.51 for the last single week of trading, and 12.51 for the last 200 days.
Goodyear Tire & Rubber Co. [GT]: Deeper insight into the fundamentals
Goodyear Tire & Rubber Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 1.06.
Earnings analysis for Goodyear Tire & Rubber Co. [GT]
With the latest financial reports released by the company, Goodyear Tire & Rubber Co. posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.17. 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.
Insider trade positions for Goodyear Tire & Rubber Co. [GT]
The top three institutional holders of GT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in GT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in GT stock with ownership which is approximately 5.1238%.
