Goodyear Tire & Rubber Co (NASDAQ:GT) shares, rose in value, with the stock price down by -0.62% to the previous day’s close as strong demand from buyers drove the stock to $9.59.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.65, falling within a range of $9.54 and $9.66. The value of beta (5-year monthly) is 1.491 whereas the PE ratio is 39.74 over 12-month period. Referring to stock’s 52-week performance, its high was $13.26, and the low was $7.27. On the whole, GT has fluctuated by 6.08% over the past month.
With the market capitalization of Goodyear Tire & Rubber Co currently standing at about $2.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.49B, with a low estimate of 4.31B and a high estimate of 4.53B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.41B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.63, with the price of GT currently trading nearly 2.69% and 3.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.41, while the 7-day volatility ratio is showing 6.70% which for the 30-day chart, stands at 7.18%. Furthermore, Goodyear Tire & Rubber Co (GT)’s beta value is 1.38, and its average true range (ATR) is 0.63.
A comparison of Goodyear Tire & Rubber Co (GT) with its peers suggests the former has fared considerably weaker in the market. GT showed an intraday change of -0.62% in today’s session so far, and over the past year, it shrunk by -21.26%%.
Data on historical trading for Goodyear Tire & Rubber Co (NASDAQ:GT) indicates that the trading volumes over the past 10 days have averaged 10.19 and over the past 3 months, they’ve averaged 6.40 million. According to company’s latest data on outstanding shares, there are 284.97 million shares outstanding.
Nearly 9.60% of Goodyear Tire & Rubber Co’s shares belong to company insiders and institutional investors own 85.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.25 million shares as on 2025-03-31, resulting in a short ratio of 3.59. According to the data, the short interest in Goodyear Tire & Rubber Co (GT) stood at 882.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 21.7 million. The stock has risen by 6.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GT stock heading into the next quarter.
