Is Goodyear Tire Stock a Good Investment?
Goodyear Tire Investment Advice | GT |
- Examine Goodyear Tire's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Goodyear Tire's leadership team and their track record. Good management can help Goodyear Tire navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Automobile Components space and any emerging trends that could impact Goodyear Tire's business and its evolving consumer preferences.
- Compare Goodyear Tire's performance and market position to its competitors. Analyze how Goodyear Tire is positioned in terms of product offerings, innovation, and market share.
- Check if Goodyear Tire pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Goodyear Tire's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Goodyear Tire Rubber stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Goodyear Tire Rubber is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Goodyear Tire Stock
Researching Goodyear Tire's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 86.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.59. Some equities with similar Price to Book (P/B) outperform the market in the long run. Goodyear Tire Rubber has Price/Earnings To Growth (PEG) ratio of 1.67. The entity last dividend was issued on the 31st of January 2020. The firm had 2:1 split on the 5th of May 1993.
To determine if Goodyear Tire is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Goodyear Tire's research are outlined below:
| Goodyear Tire Rubber generated a negative expected return over the last 90 days | |
| Goodyear Tire Rubber has high historical volatility and very poor performance | |
| Over 86.0% of the company shares are owned by institutional investors |
Goodyear Tire uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Goodyear Tire Rubber. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Goodyear Tire's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Goodyear Tire's market capitalization trends
The company currently falls under 'Mid-Cap' category with a market capitalization of 2.79 B.Basic technical analysis of Goodyear Stock
As of the 26th of February, Goodyear Tire retains the Standard Deviation of 3.36, market risk adjusted performance of (0.27), and Risk Adjusted Performance of (0.01). Goodyear Tire technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Goodyear Tire's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Goodyear Tire insiders, such as employees or executives, is commonly permitted as long as it does not rely on Goodyear Tire's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Goodyear Tire insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Koellner Laurette T over two months ago Acquisition by Koellner Laurette T of 12186 shares of Goodyear Tire subject to Rule 16b-3 | ||
Joseph Zekoski over a year ago Goodyear Tire exotic insider transaction detected | ||
Joseph Zekoski over a year ago Goodyear Tire exotic insider transaction detected | ||
Michael Wessel over a year ago Acquisition by Michael Wessel of 3663 shares of Goodyear Tire subject to Rule 16b-3 |
Goodyear Tire's Outstanding Corporate Bonds
Goodyear Tire issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Goodyear Tire Rubber uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Goodyear bonds can be classified according to their maturity, which is the date when Goodyear Tire Rubber has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| GOODYEAR TIRE RUBR Corp BondUS382550AD35 | View | |
| Goodyear Tire Rubber Corp BondUS382550BG56 | View | |
| GOODYEAR TIRE RUBR Corp BondUS382550BH30 | View | |
| Goodyear Tire Rubber Corp BondUS382550BF73 | View | |
| US382550BK68 Corp BondUS382550BK68 | View | |
| US382550BJ95 Corp BondUS382550BJ95 | View |
Understand Goodyear Tire's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Goodyear Tire's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.27) | |||
| Mean Deviation | 2.04 | |||
| Coefficient Of Variation | (3,312) | |||
| Standard Deviation | 3.36 | |||
| Variance | 11.28 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.28) | |||
| Maximum Drawdown | 22.66 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 4.34 | |||
| Skewness | 2.34 | |||
| Kurtosis | 12.06 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.27) | |||
| Mean Deviation | 2.04 | |||
| Coefficient Of Variation | (3,312) | |||
| Standard Deviation | 3.36 | |||
| Variance | 11.28 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.28) | |||
| Maximum Drawdown | 22.66 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 4.34 | |||
| Skewness | 2.34 | |||
| Kurtosis | 12.06 |
Consider Goodyear Tire's intraday indicators
Goodyear Tire intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Goodyear Tire stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Goodyear Tire time-series forecasting models is one of many Goodyear Tire's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Goodyear Tire's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Goodyear Stock media impact
Far too much social signal, news, headlines, and media speculation about Goodyear Tire that are available to investors today. That information is available publicly through Goodyear media outlets and privately through word of mouth or via Goodyear internal channels. However, regardless of the origin, that massive amount of Goodyear data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Goodyear Tire news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Goodyear Tire relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Goodyear Tire's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Goodyear Tire alpha.
Goodyear Tire Corporate Executives
Elected by the shareholders, the Goodyear Tire's board of directors comprises two types of representatives: Goodyear Tire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goodyear. The board's role is to monitor Goodyear Tire's management team and ensure that shareholders' interests are well served. Goodyear Tire's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goodyear Tire's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christina Zamarro | Executive CFO | Profile |
Additional Tools for Goodyear Stock Analysis
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.