Goodyear Tire & Rubber Co experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $14.97 on 01/26/24, while the lowest price for the same period was registered at $7.27 on 09/11/24.
52-week price history of GT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Goodyear Tire & Rubber Co’s current trading price is -40.59% away from its 52-week high, while its distance from the 52-week low is 22.28%. The stock’s price range during this period has spanned from $7.27 to $14.97. In the Consumer Cyclical sector, the Goodyear Tire & Rubber Co’s shares surpassed a trading volume of approximately 2.35 million for the day, which was noticeably lower compared to the average daily volume of 9.5.46 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Goodyear Tire & Rubber Co (GT) has experienced a quarterly rise of 11.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.59B and boasts a workforce of 71000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.80, with a change in price of -0.36. Similarly, Goodyear Tire & Rubber Co recorded 5,490,899 in trading volume during the last 100 days, posting a change of -3.89%.
Examining GT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for GT stands at 2.12. Similarly, the long-term debt-to-equity ratio is also 1.74.
GT Stock Stochastic Average
Today’s raw stochastic average for Goodyear Tire & Rubber Co over the last 50 days is 29.49%.This indicates a increase from the raw stochastic average of the past 20 days, which was 17.91%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 12.06% and 8.27%, respectively.
GT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -37.50%. However, over the last six months, the performance has been stronger by -19.15%. The price of GT decreased -7.83% over the last 30 days. And in the last five days, it has fallen by -3.03%.
