Goodyear Tire & Rubber Co [GT] stock prices are down -0.30% to $10.10 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GT shares have gain 10.75% over the last week, with a monthly amount glided 18.41%, 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 September 05, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on June 13, 2024, and set its price target to $14. On December 04, 2023, HSBC Securities initiated with a Buy rating and assigned a price target of $16.80 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $21 on November 16, 2023. Nomura downgraded its rating to a Neutral but $17 remained the price target by the analyst firm on May 17, 2023. Exane BNP Paribas upgraded its rating to Neutral for this stock on May 15, 2023, but kept the price target unchanged to $13. In a note dated January 30, 2023, Exane BNP Paribas downgraded an Underperform rating on this stock.
The stock price of Goodyear Tire & Rubber Co [GT] has been fluctuating between $7.27 and $15.24 over the past year. 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 $10.10 at the most recent close of the market. An investor can expect a potential return of 58.42% based on the average GT price forecast.
Analyzing the GT fundamentals
The Goodyear Tire & Rubber Co [NASDAQ:GT] reported sales of 19.05B for trailing twelve months, representing a drop of -6.18%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.06 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.95.
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 9.89 points at the first support level, and at 9.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.22, and for the 2nd resistance point, it is at 10.35.
Ratios To Look Out For
It’s worth pointing out that Goodyear Tire & Rubber Co [NASDAQ:GT]’s Current Ratio is 1.14. As well, the Quick Ratio is 0.65, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 0.61.
Transactions by insiders
Recent insider trading involved MCGLADE JOHN E, Director, that happened on Aug 13 ’24 when 31408.0 shares were purchased. Director, KOELLNER LAURETTE T completed a deal on Aug 12 ’24 to buy 26000.0 shares. Meanwhile, Sr VP and General Counsel Phillips David Emmitt sold 77009.0 shares on Aug 12 ’24.
