A share price of Goodyear Tire & Rubber Co [GT] is currently trading at $8.98, up 1.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GT shares have gain 4.18% over the last week, with a monthly amount drifted -11.18%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Wolfe Research downgraded its rating to Peer Perform on September 05, 2024. On June 13, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $14 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $16.80 on December 04, 2023. Deutsche Bank upgraded its rating to a Buy and raised its price target to $21 on November 16, 2023. Nomura downgraded its rating to Neutral for this stock on May 17, 2023, but kept the price target unchanged to $17. In a note dated May 15, 2023, Exane BNP Paribas upgraded an Neutral rating on this stock but restated the target price of $13.
Goodyear Tire & Rubber Co experienced fluctuations in its stock price throughout the past year between $7.27 and $14.97. 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 $8.98 at the most recent close of the market. An investor can expect a potential return of 78.17% based on the average GT price forecast.
Analyzing the GT fundamentals
Trailing Twelve Months sales for Goodyear Tire & Rubber Co [NASDAQ:GT] were 19.05B which represents -6.18% decline. 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 2.12.
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 8.85 points at the first support level, and at 8.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.10, and for the 2nd resistance point, it is at 9.21.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Goodyear Tire & Rubber Co [NASDAQ:GT] is 1.14. In addition, the Quick Ratio stands at 0.65 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 0.54.
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.
