With 4.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.26 million shares. The 52-week range on GT shows that it touched its highest point at $13.86 and its lowest point at $7.27 during that stretch. It currently has a 1-year price target of $11.74. Beta for the stock currently stands at 1.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GT was up-trending over the past week, with a rise of 2.19%, but this was up by 5.38% over a month. Three-month performance surged to 7.35% while six-month performance rose 12.79%. The stock lost -21.68% in the past year, while it has gained 8.78% so far this year. A look at the trailing 12-month EPS for GT yields 0.24 with Next year EPS estimates of 1.89. For the next quarter, that number is 0.08. This implies an EPS growth rate of 39.36% for this year and 29.38% for next year.
Float and Shares Shorts:
At present, 284.97 million GT shares are outstanding with a float of 257.78 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GT since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.03937 being high and $0.91654 being low. For GT, this leads to a yearly average estimate of $0.99213. Based on analyst estimates, the high estimate for the next quarter is $0.36 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.23.
