Goodyear Tire & Rubber Co [NASDAQ: GT] loss -1.22% on the last trading session, reaching $8.12 price per share at the time.
If compared to the average trading volume of 5.74M shares, GT reached a trading volume of 7835737 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $12.20 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 2.33. 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.
Wolfe Research have made an estimate for Goodyear Tire & Rubber Co shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on September 05, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on June 13, 2024, representing the official price target for Goodyear Tire & Rubber Co stock. Previously, the target price had yet another raise to $16.80, while HSBC Securities analysts kept a Buy rating on GT stock. On November 16, 2023, analysts increased their price target for GT shares from 13 to 21.
The Average True Range (ATR) for Goodyear Tire & Rubber Co is set at 0.33, with the Price to Sales ratio for GT stock in the period of the last 12 months amounting to 0.12. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 2.92.
Trading performance analysis for GT stock
Goodyear Tire & Rubber Co [GT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.81. With this latest performance, GT shares dropped by -4.81% in over the last four-week period, additionally sinking by -34.57% over the last 6 months – not to mention a drop of -32.16% 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 45.48, with the RSI for the last a single of trading hit 44.04, and the three-weeks RSI is set at 45.67 for Goodyear Tire & Rubber Co [GT]. The present Moving Average for the last 50 days of trading for this stock 8.31, while it was recorded at 8.19 for the last single week of trading, and 11.03 for the last 200 days.
Goodyear Tire & Rubber Co [GT]: A deeper dive into fundamental analysis
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.
Goodyear Tire & Rubber Co [GT]: An earnings per share (EPS) analysis
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.
An analysis of Institutional ownership at Goodyear Tire & Rubber Co [GT]
There are presently around $90.21%, or 97.72%% of GT stock, in the hands of institutional investors. The top three institutional holders of GT stocks are: BLACKROCK INC. with ownership of 35.21 million shares, which is approximately 12.3116%. VANGUARD GROUP INC, holding 29.71 million shares of the stock with an approximate value of $$337.26 million in GT stocks shares; and VANGUARD GROUP INC, currently with $$311.67 million in GT stock with ownership which is approximately 9.6013%.
