Goodyear Tire & Rubber Co (NASDAQ:GT) has a beta value of 1.47 and has seen 0.6 million shares traded in the recent trading session. The GT stock price is -47.76% off its 52-week high price of $13.86 and 22.49% 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 6.22 million shares traded. The 3-month trading volume is 5.50 million shares.
The consensus among analysts is that Goodyear Tire & Rubber Co (GT) is Hold stock at the moment, with a recommendation rating of 2.20. 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 0.05.
Goodyear Tire & Rubber Co (NASDAQ:GT) trade information
Sporting -0.05% in the red today, 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 $9.38 or saw a rise of 5.73%. Year-to-date, Goodyear Tire & Rubber Co shares have moved 4.17%, while the 5-day performance has seen it change 7.51%. Over the past 30 days, the shares of Goodyear Tire & Rubber Co (NASDAQ:GT) have changed 13.77%. Short interest in the company has seen 21.7 million shares shorted with days to cover at 3.45.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 37.47% from the levels at last check today. 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 latest price level in today’s session is -102.56% off the targeted high while a plunge would see the stock gain -49.25% from the levels at last check today.
Goodyear Tire & Rubber Co (GT) estimates and forecasts
The company’s shares have gained 20.04% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -1.99%.
5 analysts offering their estimates for the company have set an average revenue estimate of 4.42B for the current quarter. 5 have an estimated revenue figure of 4.46B for the next ending quarter. Year-ago sales stood 4.54B and 4.57B respectively for this quarter and the next, and analysts expect sales will shrink by -2.69% for the current quarter and -1.99% for the next. Earnings growth for 2025 is a modest 37.62% while over the next 5 years, the company’s earnings are expected to increase by 24.79%.
GT Dividends
Goodyear Tire & Rubber Co is expected to release its next earnings report on 2025-Feb-12 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 9.50% of the company shares, while shares held by institutions stand at 86.48% with a share float percentage of 95.55%. Investors are also buoyed by the number of investors in a company, with Goodyear Tire & Rubber Co having a total of 495.0 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.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Avantis U.S. Small Cap Value ETF. As of Dec 31, 2024, the former fund manager holds about 3.25% shares in the company for having 9.25 shares of worth $86.27 million while later fund manager owns 8.79 shares of worth $81.96 million as of Dec 31, 2024, which makes it owner of about 3.08% of company’s outstanding stock.
