The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Goodyear Tire & Rubber Co. (GT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.07%, to $14.19. The Goodyear Tire & Rubber Co. has recorded 138,621 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that GOODYEAR ANNOUNCES LEADERSHIP SUCCESSION PLAN.
The company is listed on the NASDAQ and operates within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $14.18 and fluctuated between $14.27 as its day high and $13.88 as its day low. The current market capitalization of Goodyear Tire & Rubber Co. is $4.02B. A total of 5.75 million shares were traded on the day, compared to an average of 3.27M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, GT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 19 SELLs from insiders. Insiders purchased 614,263 shares during that period but sold 224,919.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for GT in the last 3 months, the mean price target is $16.33 with high estimates of $21.00 and low estimates of $13.00. In terms of 52-week highs and lows, GT has a high of $16.50 and a low of $9.66.
As of this writing, GT has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.61 per share and a lower estimate of $0.19. The company reported an EPS of -$0.34 in the last quarter, which was -312.50% lower than expectations of $0.16.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GT’s latest balance sheet shows that the firm has $1.09B in Cash & Short Term Investments as of fiscal 2021. There were $8.42B in debt and $6.61B in liabilities at the time. Its Book Value Per Share was $17.58, while its Total Shareholder’s Equity was $5.18B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GT is Buy with a score of 3.57.