The Goodyear Tire & Rubber Company (GT): Holding Out For A Rebound

Wall Street analysts will be watching closely when The Goodyear Tire & Rubber Company (NASDAQ:GT) reports its quarterly earnings next, which is scheduled for Wed 24 Apr (In 71 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.06 per share. In the preceding quarter, the company reportedly generated EPS of $0.51 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 6.60%, a profit margin of 1.70% and a gross margin of 23.10%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of The Goodyear Tire & Rubber Company (NASDAQ:GT). Most recently, on February 11th, 2019, Longbow Downgrade a Underperform rating. Before that, on February 11th, 2019, Argus Downgrade to Hold. Wolfe Research Initiated a Outperform rating on October 2nd, 2018, Berenberg Downgrade an Hold rating on August 31st, 2018, and Morgan Stanley Downgrade a Equal-Weight rating on August 13th, 2018.

At its current price point, combined with the fact that this company has 256.20M shares outstanding, the current market capitalization sits at 4.74B. In the last trading day, 5,062,640 shares of The Goodyear Tire & Rubber Company were traded, which compares to its usual volume of about 4.34M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$2.53 in the past five trading days, resulting in a percentage change of -12.02% and a moving average of 19.48. In the past 20 days, its price changed by -$3.33 (which is -15.24%) and the stock’s moving average was 20.25. Looking back a full 50 days, shares of GT changed by -$4.77 (which is -20.48%) and demonstrated a moving average of 20.85.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 15.64%, a 14-day Stochastic %K score of 15.64% and a 20-day Stochastic %K score of 12.97%. Using a similar metric, The Goodyear Tire & Rubber Company (GT) shares showed a Stochastic %D of 21.39% over the past 9 days, a Stochastic %D score of 28.95% over the last 14 days, and a 20-day Stochastic %D of 26.89%. Meanwhile, this stock’s MACD Oscillator was -1.57 over the past 9 days, -1.73 over the past two weeks, and -1.63 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $18.52 level. Over the past 12 months, this stock has experienced a high price of $30.73 and a low of $17.88. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from The Goodyear Tire & Rubber Company (NASDAQ:GT) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 24,277,946 shares of the company’s stock following the addition of 35,717 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 10.42% stake in The Goodyear Tire & Rubber Company (GT)’s shares.

Just in the most recent trading day, The Goodyear Tire & Rubber Company (NASDAQ:GT) experienced a high price of $18.89 and low point of $18.38. At the end of the last trading session, this stock was at 18.52 per share, following a gain of $0.17, or -0.70% during the full day.