Stock on Demand This Week: General Motors Company (GM)

General Motors Company (NYSE:GM) saw an upside of 0.80% to close Friday at $53.13 after adding $0.42 on the day. The 5-day average trading volume is 14,830,740 shares of the company’s common stock. It has gained $54.21 in the past week and touched a new high 2 times within the past 5 days. An average of 16,249,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,147,379.

GM’s 1-month performance is 8.19% or $4.02 on its low of $47.80 reached on 09/09/21. The company’s shares have touched a 52-week low of $29.15 and high of $64.30, with the stock’s rally to the 52-week high happening on 06/07/21. YTD, GM has achieved 27.59% or $11.49 and has reached a new high 19 times. However, the current price is down -17.37%% from the 52-week high price.

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Insider Transactions

On Jun 11, 115 days have gone by since the last insider trading activity for General Motors Company (GM). Tsien Matthew (Executive Vice President) most recently sold 192,986 shares at $62.83 per share on Jun 11. This transaction cost the insider $12,125,310. Executive Vice President & CIO, MOTT RANDALL D, sold 6,000 shares at a price of $64.01 on Jun 09. Then, on Jun 07, Executive Vice President Tsien Matthew sold 16,989 shares at a price of $63.95 per share. This transaction amounted to $1,086,447.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 63.03 and a low of 3.579. GM stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55 while the price-to-book (PB) in the most recent quarter is 1.49, with the price to cash flow ratio at 3.68.

General Motors Company’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.10 meaning that GM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.48, while the total debt to equity was 2.15. In terms of profitability, the gross margin trailing 12 months is 15.40%The trailing 12-month EBITDA margin is 16.34% while for the period ending June 29; General Motors Company’s operating margin was 9.60%. The firm’s gross profit as reported stood at $13.67 billion against revenue of $122.48 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, General Motors Company’s cash and short-term investments amounted to $6.21 billion against total debt of $111.87 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GM to announce $2.23 per share in earnings in its latest quarter, but it posted $1.97, representing a -11.70% surprise. EBITDA for the quarter stood at more than $5.9 billion. GM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 183.93 billion, with total debt at $111.87 billion. Shareholders hold equity totaling $1.45 billion

Technical Picture

Let’s look briefly at General Motors Company (GM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 65.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.29%.

The stock’s 5-day moving average is $52.97, reflecting a +1.72% or $0.90 change from its current price. GM is currently trading +8.54% above its 20-day SMA, -4.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.51% and +27.53% respectively.

Stochastic %K and %D was 77.97% and 79.58% and the average true range (ATR) pointed at 1.24. The RSI (14) points at 59.52%, while the 14-day stochastic is at 81.51% with the period’s ATR at 1.28. The stock’s 9-day MACD Oscillator is pointing at 0.79 and 1.21 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for General Motors Company (NYSE: GM), Wedbush launched coverage with an Outperform rating. Analysts offering their rating for GM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 21 have offered a “buy” rating.

What is GM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $53.00 and a high of $90.00, with their median price target at $72.15. Looking at these predictions, the average price target given by analysts is for General Motors Company (GM) stock is $72.60.


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