Goodyear Tire & Rubber Co.: Rising -17.61% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, Goodyear Tire & Rubber Co. had a somewhat regular. The highest value for the stock in the past year was $16.50 on 07/27/23, while the lowest value was $9.85 on 03/24/23.

52-week price history of GT Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Goodyear Tire & Rubber Co.’s current trading price is -17.61% away from its 52-week high, while its distance from the 52-week low is 37.98%. The stock’s price range for this period has remained between $9.85 and $16.50. The Consumer Cyclical sector company’s shares managed to surpass a trading volume of around 3.57 million for the day, which was noticeably higher compared to the shares’ average daily volume of 1.91 over the last three months.

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Financial Performance and Market Capitalization

Goodyear Tire & Rubber Co. (GT) has experienced a quarterly rise of 9.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.86B and boasts a workforce of Jan 31 2020 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 13.37, with a change in price of +1.17. Similarly, Goodyear Tire & Rubber Co. recorded 3,520,303 in trading volume during the last 100 days, posting a change of +9.43%.

GT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GT stands at 1.94. Similarly, the long-term debt-to-equity ratio is also 1.78.

GT Stock Stochastic Average

As of today, the raw stochastic average of Goodyear Tire & Rubber Co. over the past 50 days is 26.71%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 28.05%. Additionally, the Stochastic %K and %D values for the company were 27.26% and 32.37%, respectively, over the past 20 days.

GT Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price loss of -5.04% this year. Over the last six months, there has been a weaker performance of 4.85%. The price of GT fallen by 3.02% during the last 30 days period. For the last 5-days stocks have improved 0.80%.

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