Analysts Point To Goodyear Tire & Rubber Co. (NASDAQ: GT) Growth In The Future

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that GOODYEAR ANNOUNCES WINNERS IN 40TH ANNIVERSARY HIGHWAY HERO PROGRAM.

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Stocks Info

As a NASDAQ listed company, GT falls under the Consumer Cyclical sector while operating within the Auto Parts industry segment. The current market capitalization of Goodyear Tire & Rubber Co. is $3.42B. A total of 2.13 million shares were traded on the day, compared to an average of 4.02M shares.

In the most recent transaction, WELLS DARREN R sold 8,509 shares of GT for 11.82 per share on Feb 28 ’24. After the transaction, the EVP & Chief Admin. Officer now owns 150,441 company shares. In a previous transaction on Feb 27 ’24, WELLS DARREN R sold 237 shares at 12.01 per share. GT shares that EVP & Chief Admin. Officer owns now total 150,441.

Among the insiders who sold shares, WELLS DARREN R disposed of 10,574 shares on Feb 20 ’24 at a per-share price of $12.39. This resulted in the EVP & Chief Admin. Officer holding 122,158 shares of GT after the transaction. In another insider transaction, WELLS DARREN R sold 10,332 shares at $12.33 per share on Feb 16 ’24. Company shares held by the EVP & Chief Admin. Officer now total 122,158.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, GT has a high of $16.50 and a low of $9.85.

As of this writing, GT has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.15 per share and a lower estimate of -$0.22. The company reported an EPS of $0.36 in the last quarter, which was 89.50% higher than expectations of $0.19.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $16.45, while its Total Shareholder’s Equity was $5.18B.

Analysts Opinion

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. 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.

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