Over the past three months, The Goodyear Tire & Rubber Company [GT] ended the trading day at $9.55 and exhibited a change of -0.34% with a 24 hour trading and reached upto the volume of 3.36M compared to its recorded trading volume of 0.91 million. GT generated a 1 year amount change with -35.27%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 0.52% with an amount shift of -0.42% over the last month.

On 10, September 2020, Goodyear Increases Transparency, Progresses Toward Goals In Annual Corporate Responsibility Report. According to news published on Yahoo Finance, The Goodyear Tire & Rubber Company (NASDAQ: GT) released its annual report on corporate responsibility performance. The report summarizes the company’s actions in 2019 that demonstrate Goodyear’s continued commitment to ethical and sustainable processes, materials and programs that can help people, communities and the environment.

Analyst Birdseye View:

The most recent analyst activity for The Goodyear Tire & Rubber Company [NASDAQ:GT] stock was on August 03, 2020, when it was Downgrade with a Neutral rating from Nomura. Before that, on October 01, 2020, Northcoast Recapitulated a Buy rating and elevated its amount target to $12. On March 30, 2020, Exane BNP Paribas Downgrade a Neutral rating and boosted its price target on this stock to $7.50. On February 27, 2020, Standpoint Research Upgrade a Buy rating. On February 12, 2020, JP Morgan Downgrade a Neutral rating and decreased its price target to $14. On December 30, 2019, Nomura Initiated a Buy rating. On October 29, 2019, Northcoast Downgrade a Neutral rating. On August 16, 2019, Exane BNP Paribas Initiated an Outperform rating and improved its amount target to $10.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.09 and a peak of $17.20. Right now, the middling Wall Street analyst 12-month amount mark is $10.00. At the most recent market close, shares of The Goodyear Tire & Rubber Company [NASDAQ:GT] were valued at $9.55. According to the average price forecast, investors can expect a potential return of -11.4%.

FUNDAMENTAL ANALYSIS

The Goodyear Tire & Rubber Company [NASDAQ:GT] most recently reported quarterly sales of 2.14 billion, which represented growth of -41.00%. This publicly-traded organization’s revenue is $234,048 per employee, while its income is -$4,937 per employee. This company’s Gross Margin is currently 16.40%, its Operating Margin is -6.50%, its Pretax Margin is +1.20, and its Net Margin is -2.11. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.83, -6.75, 7.49 and -3.15 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 60.01 and the whole liability to whole assets at 38.00. It shows enduring liability to the whole principal at 49.82 and enduring liability to assets at 0.32 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.47 points at 1st support level, the second support level is making up to 9.35. But as of 1st resistance point, this stock is sitting at 9.80 and at 10.01 for 2nd resistance point.

The Goodyear Tire & Rubber Company [GT] reported its earnings at -$1.87 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$2.07/share signifying the difference of 0.2 and 9.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.6 calling estimates for -$0.2/share with the difference of -0.4 depicting the surprise of -200.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for The Goodyear Tire & Rubber Company [NASDAQ:GT] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.18. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.25 and it’s amount to book ratio is 0.83.

Insider Stories

The most recent insider trade was by Bellissimo Jonathan, SR VP Global Operations & Tech, and it was the purchase of 500.0 shares on Mar 10.