In recent trading session, Goodyear Tire & Rubber Co. (NASDAQ:GT) saw 1.54 million shares changing hands at last check today with its beta currently measuring 1.69. Company’s recent per share price level of $8.69 trading at $0.34 or 4.13% at last check today assigns it a market valuation of $2.48B. That most recent trading price of GT’s stock is at a discount of -75.37% from its 52-week high price of $15.24 and is indicating a premium of 16.34% from its 52-week low price of $7.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.65 million shares which gives us an average trading volume of 5.23 million if we extend that period to 3-months.
For Goodyear Tire & Rubber Co. (GT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.21 in the current quarter.
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Goodyear Tire & Rubber Co. (NASDAQ:GT) trade information
Upright in the green today for gaining 4.13%, in the last five days GT remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $8.69 price level, subtracting -0.35% to its value on the day. Goodyear Tire & Rubber Co.’s shares saw a change of -39.28% in year-to-date performance and have moved 5.39% in past 5-day. Goodyear Tire & Rubber Co. (NASDAQ:GT) showed a performance of -0.51% in past 30-days. Number of shares sold short was 15.88 million shares which calculate 3.59 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 42.07% to its recent value today. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would drop -61.1% in reaching the projected high whereas dropping to the targeted low would mean a loss of -61.1% for stock’s current value.
Goodyear Tire & Rubber Co. (GT) estimates and forecasts
Statistics highlight that Goodyear Tire & Rubber Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -36.67% of value to its shares in past 6 months, showing an annual growth rate of 404.76% while that of industry is 12.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.20% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.94B for the same. And 4 analysts are in estimates of company making revenue of 5.01B in the next quarter. Company posted 5.14B and 5.12B of sales in current and next quarters respectively a year earlier.
Goodyear Tire & Rubber Co. (NASDAQ:GT)’s Major holders
Insiders are in possession of 0.66% of company’s total shares while institution are holding 90.03 percent of that, with stock having share float percentage of 90.63%. Investors also watch the number of corporate investors in a company very closely, which is 90.03% institutions for Goodyear Tire & Rubber Co. that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at GT for having 35.21 million shares of worth $399.65 million. And as of 2024-06-30, it was holding 12.3116 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 29.71 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.3898 of outstanding shares, having a total worth of $337.26 million.
