Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Goodyear Tire & Rubber Co’s current trading price is -32.25% away from its 52-week high, while its distance from the 52-week low is 29.16%. The stock’s price range during this period has varied between $7.27 and $13.86. The company, active in the Consumer Cyclical sector, saw a trading volume of around 4.8 million for the day, considerably lower average daily volume of 5.24 million observed over the last three months.
In terms of market performance, Goodyear Tire & Rubber Co had a somewhat inconsistent run in. The highest value for the stock in the past year was $13.86 on 03/28/24, while the lowest value was $7.27 on 09/11/24.
How Financial Performance Impacts Market Capitalization
Goodyear Tire & Rubber Co (GT) has experienced a quarterly rise of 1.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.68B and boasts a workforce of 68000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.13, with a change in price of +0.65. Similarly, Goodyear Tire & Rubber Co recorded 5,347,092 in trading volume during the last 100 days, posting a change of +7.44%.
How GT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GT stands at 1.85. Similarly, the long-term debt-to-equity ratio is also 1.51.
GT Stock Stochastic Average
As of today, the raw stochastic average of Goodyear Tire & Rubber Co over the last 50 days is at 48.97%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 48.97%. Further, the company’s Stochastic %K and %D values for the last 20 days were 55.85% and 64.98%, respectively.
GT Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded an increase of 4.33%. However, over the last six months, the performance has been weaker by 5.62%. The price of GT increased 2.62% over the last 30 days. And in the last five days, it has fallen by -11.67%.
