In the latest trading session, 1.1 million Goodyear Tire & Rubber Co. (NASDAQ:GT) shares changed hands as the company’s beta touched 1.69. With the company’s most recent per share price at $8.31 changing hands around $0.06 or 0.67% at last look, the market valuation stands at $2.36B. GT’s current price is a discount, trading about -83.39% off its 52-week high of $15.24. The share price had its 52-week low at $7.27, which suggests the last value was 12.52% up since then. When we look at Goodyear Tire & Rubber Co.’s average trading volume, we note the 10-day average is 5.7 million shares, with the 3-month average coming to 5.97 million.

Analysts gave the Goodyear Tire & Rubber Co. (GT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended GT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Goodyear Tire & Rubber Co.’s EPS for the current quarter is expected to be 0.21.

Goodyear Tire & Rubber Co. (NASDAQ:GT) trade information

Instantly GT is in green as seen in intraday trades today. With action 0.30%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -42.00%, with the 5-day performance at 0.30% in the green. However, in the 30-day time frame, Goodyear Tire & Rubber Co. (NASDAQ:GT) is 3.04% up. Looking at the short shares, we see there were 19.49 million shares sold at short interest cover period of 3.95 days.

The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 44.6% from its recent market value. According to analyst projections, GT’s forecast low is 14 with 19 as the target high. To hit the forecast high, the stock’s price needs a -128.64% plunge from its current level, while the stock would need to soar -68.47% for it to hit the projected low.

Goodyear Tire & Rubber Co. (GT) estimates and forecasts

Data shows that the Goodyear Tire & Rubber Co. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -31.08% over the past 6 months, a 404.76% in annual growth rate that is considerably higher than the industry average of 26.60%. Year-over-year growth is forecast to reach -4.20% down from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 4.94B. 4 analysts are of the opinion that Goodyear Tire & Rubber Co.’s revenue for the current quarter will be 5.01B. The company’s revenue for the corresponding quarters a year ago was 5.14B and 5.12B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.90%. The estimates for the next quarter sales put growth at -2.00%.

The 2024 estimates are for Goodyear Tire & Rubber Co. earnings to increase by 377.94%.

GT Dividends

Goodyear Tire & Rubber Co. is expected to release its next quarterly earnings report on 2024-Nov-04. During the past 5 years, the average dividend yield was 2.81 per year.

Goodyear Tire & Rubber Co. (NASDAQ:GT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.69% of Goodyear Tire & Rubber Co. shares while 90.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.77%. There are 90.26% institutions holding the Goodyear Tire & Rubber Co. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 12.3116% of the shares, roughly 35.21 million GT shares worth $399.65 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.3898% or 29.71 million shares worth $337.26 million as of 2024-06-30.