Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Goodyear Tire & Rubber Co’s current trading price is -39.41% away from its 52-week high, while its distance from the 52-week low is 15.52%. The stock’s price range over this period has fluctuated between $7.27 and $13.86. The company, operating within the financial sector, had a trading volume of approximately 2.51 million for the day, which was noticeably lower than the average daily share volume of 5.24 million over the last 3 months.
Goodyear Tire & Rubber Co ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $13.86 on 03/28/24, while the lowest value for the same period was recorded at $7.27 on 09/11/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Goodyear Tire & Rubber Co (GT) has experienced a quarterly decline of -20.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.39B and boasts a workforce of 68000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.16, with a change in price of +0.11. Similarly, Goodyear Tire & Rubber Co recorded 5,340,165 in trading volume during the last 100 days, posting a change of +1.27%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared 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
Today, Goodyear Tire & Rubber Co’s raw stochastic average for the past 50 days stands at 11.26%, indicating a rise from the raw stochastic average of the last 20 days, which was 11.26%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 30.27% and 41.53% respectively.
GT Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price loss of -6.69% this year. Over the last six months, there has been a stronger performance of -3.25%. The price of GT leaped by -5.32% during the last 30 days period. For the last 5-days stocks have slided -11.97%.
