Goodyear Tire & Rubber Co (NASDAQ:GT) has a beta value of 1.70 and has seen 15.89 million shares traded in the last trading session. The company, currently valued at $2.63B, closed the last trade at $9.23 per share which meant it gained $1.11 on the day or 13.67% during that session. The GT stock price is -65.11% off its 52-week high price of $15.24 and 21.24% above the 52-week low of $7.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.26 million shares traded. The 3-month trading volume is 5.66 million shares.
The consensus among analysts is that Goodyear Tire & Rubber Co (GT) is Hold stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.45.
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Goodyear Tire & Rubber Co (NASDAQ:GT) trade information
Sporting 13.67% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GT stock price touched $9.23 or saw a rise of 0.86%. Year-to-date, Goodyear Tire & Rubber Co shares have moved -35.54%, while the 5-day performance has seen it change 9.49%. Over the past 30 days, the shares of Goodyear Tire & Rubber Co (NASDAQ:GT) have changed 11.47%. Short interest in the company has seen 23.6 million shares shorted with days to cover at 4.31.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 38.47% from current levels. The projected low price target is $14.0 while the price target rests at a high of $19.0. In that case, then, we find that the current price level is -105.85% off the targeted high while a plunge would see the stock gain -51.68% from current levels.
Goodyear Tire & Rubber Co (GT) estimates and forecasts
Figures show that Goodyear Tire & Rubber Co shares have outperformed across the wider relevant industry. The company’s shares have lost -25.68% over the past 6 months, with this year growth rate of 404.76%, compared to 25.80% for the industry. Revenue growth from the last financial year stood is estimated to be -4.20%.
4 analysts offering their estimates for the company have set an average revenue estimate of 5.01B for the current quarter. 3 have an estimated revenue figure of 4.61B for the next ending quarter. Year-ago sales stood 5.12B and 4.82B respectively for this quarter and the next, and analysts expect sales will shrink by -2.00% for the current quarter and -4.20% for the next.
GT Dividends
Goodyear Tire & Rubber Co is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Goodyear Tire & Rubber Co (NASDAQ:GT)’s Major holders
Insiders own 7.69% of the company shares, while shares held by institutions stand at 90.32% with a share float percentage of 97.84%. Investors are also buoyed by the number of investors in a company, with Goodyear Tire & Rubber Co having a total of 505.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 35.21 million shares worth more than $399.65 million. As of 2024-06-30, BLACKROCK INC. held 12.3116% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 29.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $337.26 million and represent 10.3898% of shares outstanding.
