Fundamentally, The Goodyear Tire & Rubber Company (NASDAQ:GT) looks appealing. Its stock trades at 0.55 times the company’s sales over the past 12 months. The broad Rubber & Plastics industry boasts an average P/S ratio of 2.15, which is significantly worse than the sector’s 1.96. In the past 13-year record, this ratio went down as low as 0.05 and as high as 0.63. Also, it is up from 70% of the total 1273 rivals across the globe.
GT traded at an unexpectedly high level on 07/26/2018 when the stock experienced a -2.26% loss to a closing price of $21.15. The company saw 5.19 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 2.76 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 70.21% move, based on the high target price ($36) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $28.71 price target, but the stock is already up 0.91% from its recent lows. However, the stock is trading at -41.59% versus recent highs ($36.21). Analysts believe that we could see stock price minimum in the $18 range (lowest target price), allowing for another -14.89% drop from its current position. Leading up to this report, we have seen a -13.5% fall in the stock price over the last 30 days and a -16.73% decline over the past 3 months. Overall, the share price is down -34.54% so far this year. Additionally, GT had a day price range of $21.1 to $22.01.The Goodyear Tire & Rubber Company (GT) Price Potential
Heading into the stock price potential, The Goodyear Tire & Rubber Company needs to grow just 51.3% to cross its median price target of $32. In order to determine directional movement, the 50-day and 200-day moving averages for The Goodyear Tire & Rubber Company (NASDAQ:GT) are $25.03 and $28.57. Given that liquidity is king in short-term, GT is a stock with 244.82 million shares outstanding that normally trades 6.7% of its float. The stock price recently experienced a 5-day loss of -3.64% with 0.61 average true range (ATR). GT has a beta of 1.59 and RSI is 20.44.
Investors also need to beware of the Office Depot, Inc. (NASDAQ:ODP) valuations. The stock trades on a P/S of 0.14, which suggests that the shares are attractive compared with peers. The broad Specialty Retail, Other industry has an average P/S ratio of 2.6, which is significantly worse than the sector’s 1.71. In the past 13-year record, this ratio went down as low as 0.01 and as high as 0.43. Also, it is up from 93% of the total 958 rivals across the globe.Office Depot, Inc. (ODP)’s Lead Over its Technicals
Office Depot, Inc. by far traveled 28% versus a 1-year low price of $2.00. The share price was last seen -2.66% lower, reaching at $2.56 on July 26th. At recent session, the prices were hovering between $2.55 and $2.67. This company shares are 13.67% off its target price of $2.91 and the current market capitalization stands at $1.45B. The recent change has given its price a -3.88% deficit over SMA 50 and -59.07% deficit over its 52-week high. The stock witnessed -6.91% declines, 16.36% gains and -25.36% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ODP’s volatility during a week at 3.89% and during a month it has been found around 4%.
Office Depot, Inc. (ODP) exchanged hands at an unexpectedly low level of 6.07 million shares over the course of the day. Noting its average daily volume at 7.74 million shares each day over the month, this signifies a pretty significant change over the norm.Office Depot, Inc. Target Levels
The market experts are predicting a 56.25% rally, based on the high target price ($4) for Office Depot, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $2.25 range (lowest target price). If faced, it would be a -12.11% drop from its current position. Overall, the share price is down -27.68% year to date.