For the readers interested in the stock health of The Goodyear Tire & Rubber Company (GT). It is currently valued at $17.72. When the transactions were called off in the previous session, Stock hit the highs of $18.22, after setting-off with the price of $17.98. Company’s stock value dipped to $17.66 during the trading on the day. When the trading was stopped its value was $17.93.
Recently in News on April 1, 2021, Goodyear Announces Pricing Of $1 Billion Of Senior Notes. The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its public offering of $550 million aggregate principal amount of senior notes due 2031 (the “2031 notes”) and $450 million aggregate principal amount of senior notes due 2033 (the “2033 notes,” and together with the 2031 notes, the “notes”). The notes will be senior unsecured obligations of the company. You can read further details here
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The Goodyear Tire & Rubber Company had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $19.38 on 03/04/21, with the lowest value was $10.02 for the same time period, recorded on 01/04/21.
The Goodyear Tire & Rubber Company (GT) full year performance was 209.79%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, The Goodyear Tire & Rubber Company shares are logging -8.57% during the 52-week period from high price, and 209.25% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.73 and $19.38.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 3006777 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the The Goodyear Tire & Rubber Company (GT) recorded performance in the market was 62.42%, having the revenues showcasing 66.54% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.18B, as it employees total of 62000 workers.
The Analysts eye on The Goodyear Tire & Rubber Company (GT)
During the last month, 5 analysts gave the The Goodyear Tire & Rubber Company a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.24, with a change in the price was noted +7.27. In a similar fashion, The Goodyear Tire & Rubber Company posted a movement of +69.65% for the period of last 100 days, recording 4,087,433 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GT is recording 1.95 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.76.
Technical rundown of The Goodyear Tire & Rubber Company (GT)
Raw Stochastic average of The Goodyear Tire & Rubber Company in the period of last 50 days is set at 81.60%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 72.20%. In the last 20 days, the company’s Stochastic %K was 69.10% and its Stochastic %D was recorded 62.01%.
Considering, the past performance of The Goodyear Tire & Rubber Company, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 62.42%. Additionally, trading for the stock in the period of the last six months notably improved by 100.00%, alongside a boost of 209.79% for the period of the last 12 months. The shares increased approximately by 0.68% in the 7-day charts and went up by -4.47% in the period of the last 30 days. Common stock shares were driven by 66.54% during last recorded quarter.