A share price of Goodyear Tire & Rubber Co. [GT] is currently trading at $11.95, up 4.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GT shares have gain 12.74% over the last week, with a monthly amount glided 1.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Goodyear Tire & Rubber Co. [NASDAQ: GT] stock has seen the most recent analyst activity on June 13, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $14. Previously, HSBC Securities started tracking the stock with Buy rating on December 04, 2023, and set its price target to $16.80. On November 16, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $21 on the stock. Nomura downgraded its rating to a Neutral but stick to its price target of $17 on May 17, 2023. Exane BNP Paribas upgraded its rating to a Neutral but $13 remained the price target by the analyst firm on May 15, 2023. Exane BNP Paribas downgraded its rating to Underperform for this stock on January 30, 2023. In a note dated November 29, 2022, Argus downgraded an Hold rating on this stock.
Goodyear Tire & Rubber Co. experienced fluctuations in its stock price throughout the past year between $10.60 and $16.50. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Goodyear Tire & Rubber Co. [NASDAQ: GT] shares were valued at $11.95 at the most recent close of the market. An investor can expect a potential return of 33.89% based on the average GT price forecast.
Analyzing the GT fundamentals
Trailing Twelve Months sales for Goodyear Tire & Rubber Co. [NASDAQ:GT] were 19.66B which represents -8.18% decline. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.13 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.64 points at the first support level, and at 11.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.12, and for the 2nd resistance point, it is at 12.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Goodyear Tire & Rubber Co. [NASDAQ:GT] is 1.15. Also, the Quick Ratio is 0.60, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.17, the price to book ratio is 0.73.
Transactions by insiders
Recent insider trading involved WELLS DARREN R, EVP & Chief Admin. Officer, that happened on Feb 28 ’24 when 8509.0 shares were sold. EVP & Chief Admin. Officer, WELLS DARREN R completed a deal on Feb 27 ’24 to sell 237.0 shares. Meanwhile, EVP & Chief Admin. Officer WELLS DARREN R sold 10574.0 shares on Feb 20 ’24.
