Goodyear Tire & Rubber Co [NASDAQ: GT] plunged by -$0.17 during the normal trading session on while it closed the day at $8.70.
Goodyear Tire & Rubber Co stock has also loss -4.92% of its value over the past 7 days. However, GT stock has inclined by 6.62% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.59% and lost -3.33% year-on date.
The market cap for GT stock reached $2.48 billion, with 284.92 million shares outstanding and 262.76 million shares in the current float. Compared to the average trading volume of 4.88M shares, GT reached a trading volume of 9315216 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 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 $10.88 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 2.56. 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.
Deutsche Bank have made an estimate for Goodyear Tire & Rubber Co shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 20, 2024. The new note on the price target was released on September 05, 2024, representing the official price target for Goodyear Tire & Rubber Co stock. Previously, the target price had yet another raise to $14, while Morgan Stanley analysts kept a Equal-Weight rating on GT stock.
The Average True Range (ATR) for Goodyear Tire & Rubber Co is set at 0.35, 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 0.52, with the Price to Cash per share for the same quarter was set at 3.30.
GT stock trade performance evaluation
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 -4.92. With this latest performance, GT shares dropped by -3.33% in over the last four-week period, additionally sinking by -11.59% over the last 6 months – not to mention a drop of -37.59% 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 39.60, with the RSI for the last a single of trading hit 34.39, and the three-weeks RSI is set at 42.72 for Goodyear Tire & Rubber Co [GT]. The present Moving Average for the last 50 days of trading for this stock 9.40, while it was recorded at 9.00 for the last single week of trading, and 9.97 for the last 200 days.
Goodyear Tire & Rubber Co [GT]: An insightful look at the core fundamentals
Goodyear Tire & Rubber Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 1.14.
Goodyear Tire & Rubber Co [GT]: Institutional Ownership
There are presently around $86.54%, or 93.74%% 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%.
