Goodyear Tire & Rubber Co. (NASDAQ:GT) traded at $11.96 at close of the session on Tuesday, April 30, made a downward move of -1.32% on its previous day’s price.
Looking at the stock we see that its previous close was $12.12 . In terms of its 52-week price range, GT has a high of $16.50 and a low of $10.12. The company’s stock has lost about -11.73% over that past 30 days.
Goodyear Tire & Rubber Co. has a market cap of $3.40 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $1.25 for 2024 and $1.88 for next year. These figures represent 495.20% and 50.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $4.82 billion, with a low of $4.63 billion and a high of $5.03 billion. The median projection represents growth adding up to -2.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $19.91 billion, or -0.80% down from figures reported last year.
On the other hand, looking at the outlook for the GT stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -3.73% off its SMA20 and -4.14% from its 50-day simple moving average. The RSI (14) is pointing at 42.20 while the volatility over the past week is 2.13% and jumps to 2.88% over the past one month. The beta value is 1.86, while the average true range (ATR) is currently pointing at 0.37.
Coming back to Goodyear Tire & Rubber Co. (NASDAQ:GT), we note that the average 3-month trading volume was 3.70 million. Current shares outstanding are 283.79 million.
The insiders hold 0.75% of the company’s shares while institutions hold 84.82%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.48% down in year-to-date price movement.
