The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) last traded at $10.70, up 2.39% from the previous session.
GT stock price is now 14.03% away from the 50-day moving average and 15.89% away from the 200-day moving average. The market capitalization of the company currently stands at $3.05B.
With the price target maintained at $13, Deutsche Bank recently Upgraded its rating from Hold to Buy for Goodyear Tire & Rubber Co (NASDAQ: GT). On March 07, 2025, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘Argus’ rates the stock as ‘Buy’
In other news, MCGLADE JOHN E, Director bought 31,408 shares of the company’s stock on Aug 13 ’24. The stock was bought for $252,206 at an average price of $8.03. Upon completion of the transaction, the Director now directly owns 31,408 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director KOELLNER LAURETTE T bought 26,000 shares of the business’s stock. A total of $205,400 was incurred on buying the stock at an average price of $7.90. This leaves the insider owning 26,000 shares of the company worth $0.28 million. A total of 9.60% of the company’s stock is owned by insiders.
During the past 12 months, Goodyear Tire & Rubber Co has had a low of $7.27 and a high of $13.26. As of last week, the company has a debt-to-equity ratio of 1.85, a current ratio of 1.04, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $11175224320, which is based on a 44.34 price-to-earnings ratio, a 1.82 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for GT is $9.3344 and a two-hundred day moving average price translates $9.23355 for the stock.
The latest earnings results from Goodyear Tire & Rubber Co (NASDAQ: GT) was released for 2024-12-31. The net profit margin was 0.37% and return on equity was 1.49% for GT. The company reported revenue of $4.95 billion for the quarter, compared to $5.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.3 percent.
