Drilling Down Into The Goodyear Tire & Rubber Company (GT)

The Goodyear Tire & Rubber Company (GT) is an interesting player in the Consumer Goods space, with a focus on Rubber & Plastics. The stock has been active on the tape, currently trading at $27.65, down from yesterday’s close by -0.54%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

The Goodyear Tire & Rubber Company (GT) currently trades with a market capitalization of $6.88 Billion. That value represents a market adjusting for revenues that have been growing by 8.82 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $273 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.47 on a per share basis this quarter. Perhaps, that suggests something about why 0.93% of the outstanding share supply is held by institutional investors.



Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, The Goodyear Tire & Rubber Company recorded a 52-week high of $36.74. It is now trading 9.09% off that level. The stock is trading $29.12 its 50-day moving average by 1.47%. The stock carved out a 52-week low down at $25.88.

In recent action, The Goodyear Tire & Rubber Company (GT) has made a move of -2.47% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.05% with $239.64 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GT.

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