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The Goodyear Tire & Rubber Company Inc. (GT) Price Performance: A Technical Analysis Perspective

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 35.57%. However, over the past six months, we’ve seen a weaker performance of 24.86%. The price of GT fallen by 29.08% over the last 30 days. And in the last five days, it has fallen by -5.82%.

The stock price for The Goodyear Tire & Rubber Company (GT) currently stands at $13.76. The stock experienced a substantial increase in the last session, hitting $14.175 after starting at $14.00. The stock’s lowest price was $13.72 before closing at $14.07.

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In terms of market performance, The Goodyear Tire & Rubber Company had a fairly even. The highest value for the stock in the past year was $15.69 on 08/16/22, and the lowest value was recorded at $9.66 on 12/28/22.

52-week price history of GT Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. The Goodyear Tire & Rubber Company’s current trading price is -12.30% away from its 52-week high, while its distance from the 52-week low is 42.44%. The stock’s price range during this period has varied between$9.66 and $15.69. The The Goodyear Tire & Rubber Company’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 3.5 million for the day, a figure considerably lower than their average daily volume of 5.2 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

The Goodyear Tire & Rubber Company (GT) has experienced a quarterly rise of 21.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.96B and boasts a workforce of 74000 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 11.29, with a change in price of +4.09. Similarly, The Goodyear Tire & Rubber Company recorded 4,844,940 in trading volume during the last 100 days, posting a change of +42.30%.

GT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GT stands at 1.72. Similarly, the long-term debt-to-equity ratio is also 1.56.

GT Stock Stochastic Average

The Goodyear Tire & Rubber Company’s raw stochastic average for the past 50 days is presently 73.89%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 72.51%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 76.29% and 79.86%, respectively.

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