Goodyear Tire & Rubber Co. (NASDAQ: GT) is -44.06% lower on its value in year-to-date trading and has touched a low of $7.27 and a high of $15.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GT stock was last observed hovering at around $7.91 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $8.01, the stock is -3.69% and -16.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.32 million and changing 1.26% at the moment leaves the stock -33.42% off its SMA200. GT registered -37.42% loss for a year compared to 6-month loss of -35.66%.
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The stock witnessed a -6.43% gain in the last 1 month and extending the period to 3 months gives it a -30.53%, and is 4.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.72% over the week and 3.39% over the month.
Goodyear Tire & Rubber Co. (GT) has around 71000 employees, a market worth around $2.28B and $19.36B in sales. Fwd P/E is 5.00. Profit margin for the company is -1.82%. Distance from 52-week low is 10.18% and -47.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.85%).
The EPS is expected to grow by 381.35% this year.
Goodyear Tire & Rubber Co. (GT) Top Institutional Holders
507.0 institutions hold shares in Goodyear Tire & Rubber Co. (GT), with institutional investors hold 90.54% of the company’s shares. The shares outstanding are 283.79M, and float is at 282.49M with Short Float at 6.32%. Institutions hold 89.94% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 35.21 million shares valued at $399.65 million. The investor’s holdings represent 12.3116% of the GT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 29.71 million shares valued at $337.26 million to account for 10.3898 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 27.46 million shares representing 9.6013% and valued at over $311.67 million, while DIMENSIONAL FUND ADVISORS LP holds 5.868 of the shares totaling 16.78 million with a market value of $190.48 million.
Goodyear Tire & Rubber Co. (GT) Insider Activity
The most recent transaction is an insider purchase by MCGLADE JOHN E, the company’s Director. SEC filings show that MCGLADE JOHN E bought 31,408 shares of the company’s common stock on Aug 13 ’24 at a price of $8.03 per share for a total of $0.25 million. Following the purchase, the insider now owns 31408.0 shares.
Goodyear Tire & Rubber Co. disclosed in a document filed with the SEC on Aug 12 ’24 that KOELLNER LAURETTE T (Director) bought a total of 26,000 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $7.90 per share for $0.21 million. Following the transaction, the insider now directly holds 26000.0 shares of the GT stock.
Still, SEC filings show that on Aug 12 ’24, Phillips David Emmitt (Sr VP and General Counsel) disposed off 77,009 shares at an average price of $7.89 for $0.61 million. The insider now directly holds 0 shares of Goodyear Tire & Rubber Co. (GT).
