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 -8.25% away from its 52-week high, while its distance from the 52-week low is 55.30%. The stock’s price range over this period has fluctuated between $7.27 and $12.31. The company, operating within the financial sector, had a trading volume of approximately 6.46 million for the day, which was noticeably higher than the average daily share volume of 6.09 million over the last 3 months.
The stock price for Goodyear Tire & Rubber Co (GT) currently stands at $11.29. The stock experienced a substantial increase in the last session, hitting $17.0 after starting at $11.29. The stock’s lowest price was $10.2 before closing at $11.01.
The market performance of Goodyear Tire & Rubber Co’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $12.31 on 07/24/24, while the lowest value for the same duration 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 rise of 13.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.23B and boasts a workforce of 68000 employees.
Goodyear Tire & Rubber Co: What Analysts Are Saying
As of right now, 4 analysts are rating Goodyear Tire & Rubber Co as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.34, with a change in price of +1.90. Similarly, Goodyear Tire & Rubber Co recorded 6,298,924 in trading volume during the last 100 days, posting a change of +20.23%.
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 1.83. Similarly, the long-term debt-to-equity ratio is also 1.64.
GT Stock Stochastic Average
Today, Goodyear Tire & Rubber Co’s raw stochastic average for the past 50 days stands at 64.08%, indicating a decline from the raw stochastic average of the last 20 days, which was 68.51%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 54.70% and 49.74% 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. This year’s metric has recorded a Price decrease of -8.29%. However, over the past six months, we’ve seen a weaker performance of 20.36%. The price of GT fallen by 10.25% over the last 30 days. And in the last five days, it has surged by 3.29%.
