Goodyear Tire Rubber Stock Today

GT Stock  USD 13.73  0.16  1.18%   

Performance

0 of 100

 
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Odds Of Distress

Less than 33

 
100  
 
Zero
Below Average
Goodyear Tire is selling for under 13.73 as of the 29th of March 2024; that is 1.18 percent increase since the beginning of the trading day. The stock's last reported lowest price was 13.55. Goodyear Tire has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Goodyear Tire Rubber are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Automobiles & Components
IPO Date
2nd of January 1970
Category
Consumer Cyclical
Classification
Consumer Discretionary
The Goodyear Tire Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio. The company has 284.15 M outstanding shares of which 16.92 M shares are currently sold short in the market by investors with about 4.71 days to cover all shorted shares. More on Goodyear Tire Rubber

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Goodyear Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Goodyear Tire's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Goodyear Tire or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Goodyear Tire's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Goodyear Tire's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEO PresidentMark Stewart
Thematic IdeaAutomobiles and Trucks (View all Themes)
Old NameGoodyear Tire & Rubber Co
Business ConcentrationAutomobile Components, Automobiles & Components, Consumer Discretionary, NASDAQ Composite, SP Midcap 400, NASDAQ Composite Total, Automobiles and Trucks, Consumer Discretionary, Automobile Components, Auto Parts, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Goodyear Tire report their recommendations after researching Goodyear Tire's financial statements, talking to executives and customers, or listening in on Goodyear Tire's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Goodyear Tire Rubber. The Goodyear consensus assessment is calculated by taking the average forecast from all of the analysts covering Goodyear Tire.
Financial Strength
Based on the measurements of operating efficiency obtained from Goodyear Tire's historical financial statements, Goodyear Tire Rubber may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Goodyear Tire Rubber is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.240.9298
Significantly Up
Slightly volatile
Gross Profit Margin0.250.1749
Way Up
Very volatile
Net Debt8.1 B7.7 B
Sufficiently Up
Slightly volatile
Total Current Liabilities4.5 B7.1 B
Way Down
Slightly volatile
Non Current Liabilities Total7.5 B9.6 B
Significantly Down
Pretty Stable
Total Assets15.3 B21.6 B
Way Down
Slightly volatile
Total Current Assets6.5 B7.7 B
Fairly Down
Very volatile
Total Cash From Operating Activities847 MB
Significantly Down
Very volatile
Goodyear Tire's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Goodyear Tire's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Goodyear Tire's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Goodyear Tire's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Goodyear Tire's financial leverage. It provides some insight into what part of Goodyear Tire's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Goodyear Tire's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Goodyear Tire deploys its capital and how much of that capital is borrowed.
Liquidity
Goodyear Tire cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 8.65 B of total liabilities with total debt to equity ratio (D/E) of 1.77, which is normal for its line of buisiness. Goodyear Tire Rubber has a current ratio of 1.26, indicating that it is not liquid enough and may have problems paying out its debt commitments in time. Debt can assist Goodyear Tire until it has trouble settling it off, either with new capital or with free cash flow. So, Goodyear Tire's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Goodyear Tire Rubber sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Goodyear to invest in growth at high rates of return. When we think about Goodyear Tire's use of debt, we should always consider it together with cash and equity.

Dividends Paid

(10.34 Billion)
Goodyear Tire Rubber (GT) is traded on NASDAQ Exchange in USA. It is located in 200 Innovation Way, Akron, OH, United States, 44316-0001 and employs 71,000 people. Goodyear Tire is listed under Automobile Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 3.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Goodyear Tire's market, we take the total number of its shares issued and multiply it by Goodyear Tire's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Goodyear Tire Rubber is active under Automobile Components sector as part of Consumer Discretionary industry. The entity has 284.15 M outstanding shares of which 16.92 M shares are currently sold short in the market by investors with about 4.71 days to cover all shorted shares. Goodyear Tire Rubber reports about 1.25 B in cash with 1.03 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.41.
Check Goodyear Tire Probability Of Bankruptcy
Ownership Allocation
Goodyear Tire Rubber has a total of 284.15 Million outstanding shares. The majority of Goodyear Tire Rubber outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Goodyear Tire to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Goodyear Tire Rubber. Please pay attention to any change in the institutional holdings of Goodyear Tire Rubber as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Goodyear Ownership Details

Goodyear Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Goodyear Tire jumping above the current price in 90 days from now is about 27.65%. The Goodyear Tire Rubber probability density function shows the probability of Goodyear Tire stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 2.7496. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Goodyear Tire will likely underperform. Additionally, goodyear Tire Rubber has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 13.73HorizonTargetOdds Above 13.73
72.19%90 days
 13.73 
27.65%
Based on a normal probability distribution, the odds of Goodyear Tire to move above the current price in 90 days from now is about 27.65 (This Goodyear Tire Rubber probability density function shows the probability of Goodyear Stock to fall within a particular range of prices over 90 days) .

Goodyear Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Goodyear Tire that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Goodyear Tire's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Goodyear Tire's value.
InstituionRecorded OnShares
Norges Bank2023-12-31
4.7 M
Morgan Stanley - Brokerage Accounts2023-12-31
4.5 M
Citadel Advisors Llc2023-09-30
4.2 M
Electron Capital Partners, Llc2023-12-31
M
Jacobs Levy Equity Management, Inc.2023-09-30
3.9 M
Northern Trust Corp2023-12-31
3.9 M
Newport Trust Co.2023-12-31
3.4 M
Fisher Asset Management, Llc2023-12-31
3.3 M
Charles Schwab Investment Management Inc2023-12-31
3.1 M
Blackrock Inc2023-12-31
36 M
Vanguard Group Inc2023-12-31
29.1 M
View Goodyear Tire Diagnostics

Goodyear Tire Historical Income Statement

Goodyear Tire Rubber Income Statement is one of the three primary financial statements used for reporting Goodyear's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Goodyear Tire Rubber revenue and expense. Goodyear Tire Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Goodyear Tire's Interest Expense is comparatively stable compared to the past year. Gross Profit is likely to gain to about 3.7 B in 2024, whereas Other Operating Expenses is likely to drop slightly above 15.8 B in 2024. View More Fundamentals

Goodyear Stock Against Markets

Picking the right benchmark for Goodyear Tire stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Goodyear Tire stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Goodyear Tire is critical whether you are bullish or bearish towards Goodyear Tire Rubber at a given time. Please also check how Goodyear Tire's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Goodyear Tire without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Goodyear Tire Corporate Directors

Goodyear Tire corporate directors refer to members of a Goodyear Tire board of directors. The board of directors generally takes responsibility for the Goodyear Tire's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Goodyear Tire's board members must vote for the resolution. The Goodyear Tire board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Goodyear Stock?

Before investing in Goodyear Tire, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Goodyear Tire. To buy Goodyear Tire stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Goodyear Tire. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Goodyear Tire stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Goodyear Tire Rubber stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Goodyear Tire Rubber stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Goodyear Tire Rubber, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Goodyear Stock please use our How to Invest in Goodyear Tire guide.

Already Invested in Goodyear Tire Rubber?

The danger of trading Goodyear Tire Rubber is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Goodyear Tire is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Goodyear Tire. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Goodyear Tire Rubber is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Goodyear Tire Rubber is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Goodyear Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Goodyear Tire Rubber Stock. Highlighted below are key reports to facilitate an investment decision about Goodyear Tire Rubber Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Goodyear Tire's price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
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Is Goodyear Tire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goodyear Tire. If investors know Goodyear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goodyear Tire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.66)
Earnings Share
(2.42)
Revenue Per Share
70.407
Quarterly Revenue Growth
(0.05)
Return On Assets
0.0152
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodyear Tire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.