The price of Goodyear Tire & Rubber Co. (NASDAQ:GT) shares last traded on Wall Street rose 0.49% to $12.31.
GT stock price is now 3.38% away from the 50-day moving average and -3.58% away from the 200-day moving average. The market capitalization of the company currently stands at $3.50B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $14, Morgan Stanley recently initiated with Equal-Weight rating for Goodyear Tire & Rubber Co. (NASDAQ: GT). On December 04, 2023, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $16.80, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, WELLS DARREN R, EVP & Chief Admin. Officer sold 8,509 shares of the company’s stock on Feb 28 ’24. The stock was sold for $100,579 at an average price of $11.82. Upon completion of the transaction, the EVP & Chief Admin. Officer now directly owns 150,441 shares in the company, valued at $1.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, EVP & Chief Admin. Officer WELLS DARREN R sold 237 shares of the business’s stock. A total of $2,845 was realized by selling the stock at an average price of $12.01. This leaves the insider owning 150,441 shares of the company worth $1.85 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Goodyear Tire & Rubber Co. has had a low of $10.60 and a high of $16.50. As of last week, the company has a debt-to-equity ratio of 2.01, a current ratio of 1.15, and a quick ratio of 0.60. The fifty day moving average price for GT is $11.8366 and a two-hundred day moving average price translates $12.8045 for the stock.
The latest earnings results from Goodyear Tire & Rubber Co. (NASDAQ: GT) was released for 2024-03-31. The net profit margin was -3.28% and return on equity was -13.05% for GT. The company reported revenue of $4.54 billion for the quarter, compared to $4.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.18 percent.
