Does The Goodyear Tire & Rubber Company (GT)s Current Price Volatility Hinder Its Future Potential?
The Goodyear Tire & Rubber Company (NASDAQ:GT) has a beta value of 2.20 and has seen 0.94 million shares traded in the recent trading session. The company, currently valued at $5.12B, closed the recent trade at $18.77 per share which meant it lost -$0.2 on the day or -1.03% during that session. The GT stock price is -10.28% off its 52-week high price of $20.70 and 61.21% above the 52-week low of $7.28. If we look at the companys 10-day average daily trading volume, we find that it stood at 5.84 million shares traded. The 3-month trading volume is 3.96 million shares. The consensus among analysts is that The Goodyear Tire & Rubber Company (GT) is an Overweight stock at the moment, with a recommendation rating of 2.10. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.15. The Goodyear Tire & Rubber Company (NASDAQ:GT) trade information  Sporting -1.03% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 06/15/21 when the GT stock price touched $18.77 or saw a rise of 1.05%. Year-to-date, The Goodyear Tire & Rubber Company shares have moved 73.88%, while the 5-day performance has seen it change -0.16%. Over the past 30 days, the shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) have changed -4.96%. Short interest in the company has seen 11.82 million shares shorted with days to cover at 2.95. Wall Street analysts have a consensus price target for the stock at $19.75, which means that the shares value could jump 4.96% from the levels at last check today.. The projected low price target is $12.00 while the price target rests at a high of $24.00. In that case, then, we find that the latest price level in todays session is -27.86% off the targeted high while a plunge would see the stock lose 36.07% from the levels at last check today.. The Goodyear Tire & Rubber Company (GT) estimates and forecasts  The companys shares have gained 82.40% over the past 6 months, with this year growth rate of 159.69%. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 108.00% and 230.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 25.80%. 6 analysts offering their estimates for the company have set an average revenue estimate of $3.81 billion for the current quarter. 6 have an estimated revenue figure of $4.27 billion for the next quarter concluding in Sep 2021. Year-ago sales stood $2.14 billion and $3.46 billion respectively for this quarter and the next, and analysts expect sales will grow by 77.90% for the current quarter and 23.10% for the next. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -46.60% over the past 5 years. Earnings growth for 2021 is a modest -301.50% while over the next 5 years, the companys earnings are expected to increase by 9.13%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  GT Dividends  The Goodyear Tire & Rubber Company is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. The Goodyear Tire & Rubber Company (NASDAQ:GT)s Major holders  Insiders own 0.34% of the company shares, while shares held by institutions stand at 72.70% with a share float percentage of 72.94%. Investors are also buoyed by the number of investors in a company, with The Goodyear Tire & Rubber Company having a total of 447 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 28.03 million shares worth more than $492.45 million. As of Mar 30, 2021, Blackrock Inc. held 11.93% of shares outstanding. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 21.48 million shares as of Mar 30, 2021. The firms total holdings are worth over $377.32 million and represent 9.14% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Mar 30, 2021, the former fund manager holds about 2.80% shares in the company for having 6.59 million shares of worth $115.74 million while later fund manager owns 6.3 million shares of worth $110.75 million as of Mar 30, 2021, which makes it owner of about 2.68% of companys outstanding stock.