The Goodyear Tire & Rubber Company [GT] has traded in a range of $4.09 to $16.63 in the last 1 year. As of this writing, the stock is at $10.55, down -0.92%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, GT shares are 8.56% up with the monthly amount drift of 8.23% and seems well in a long time frame.
On 19, November 2020, Ford Honors Goodyear At 22nd Annual World Excellence Awards. According to news published on Yahoo Finance, The Goodyear Tire & Rubber Company (NASDAQ: GT) was recognized as a top-performing global supplier at the 22nd annual Ford World Excellence Awards.
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 amplified 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 $16.63. Right now, according to Wall Street analyst the average 12-month amount target is $11.71. At the most recent market close, shares of The Goodyear Tire & Rubber Company [NASDAQ:GT] were valued at $10.55. According to the average price forecast, investors can expect a potential return of -3.45%.
The Goodyear Tire & Rubber Company [NASDAQ:GT] most recently reported quarterly sales of 3.46 billion, which represented growth of -8.90%. 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 15.60%, its Operating Margin is -7.90%, 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.
If looking now at the Principal structure of this organization, it shows its whole liability to the 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 10.50 points at 1st support level, the second support level is making up to 10.36. But as of 1st resistance point, this stock is sitting at 10.93 and at 11.22 for 2nd resistance point.
The Goodyear Tire & Rubber Company [GT] reported its earnings at $0.1 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.06/share signifying the difference of 0.16 and 266.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$1.87 calling estimates for -$2.07/share with the difference of 0.2 depicting the surprise of 9.70%.
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.
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.