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 -35.57% away from its 52-week high, while its distance from the 52-week low is 22.83%. 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 4.26 million for the day, which was noticeably lower than the average daily share volume of 5.52 million over the last 3 months.
Goodyear Tire & Rubber Co experienced a rather shaky stock market performance. The highest value in the past year was recorded at $13.86 on 03/28/24 and the lowest value was $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 -11.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.55B 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 9.23, with a change in price of +0.68. Similarly, Goodyear Tire & Rubber Co recorded 5,349,649 in trading volume during the last 100 days, posting a change of +8.24%.
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 31.71%, indicating a rise from the raw stochastic average of the last 20 days, which was 26.32%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 32.39% and 35.61% respectively.
GT Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -0.78% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 13.90%. Over the past 30 days, the price of GT has leaped by -6.78%. And in the last five days, it has fallen by -4.80%.
