What You Need To Know About General Motors Company (GM)


General Motors Company (NYSE:GM) finished Thursday with a subtraction of -$0.3 to close at $37.38, a downside of -0.80 percent. An average of 18,708,820 shares of common stock have been traded in the last five days. There was a fall of -$3.28 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 15,844,125 shares traded, while the 50-day average volume stands at 14,304,402.

GM stock has decreased by -3.06% in the last month. The company shares reached their 1-month lowest point of $37.19 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $30.33 and a high of $67.21 in 52 weeks. It has reached a new high 3 times so far this year and lost -36.24% or -$21.25 in price. In spite of this, the price is down -44.38% from the 52-week high.

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Insider Transactions

147 days have passed since General Motors Company (GM) last reported insider trading activity. Carlisle Stephen K., who is Executive Vice President, most recently acquired $25,645 shares at $39.04 per share on Apr 29. In this transaction, the insider spent $1,001,181. Executive Vice President, Blissett Julian G., disposed of 21,742 shares at a price of $50.04 on Feb 16. The insider now owns more than $1,087,970 worth of shares. Prior to that, Vice President & CAO Hatto Christopher went on to Sale 47 shares at $65.00 each on Jan 04. An amount of $3,055 was transacted.

Valuation Metrics

General Motors Company (GM) has a trailing price-to-earnings (P/E) ratio of 7.11. The stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.42, the price-to-book (PB) ratio at 0.85, and the price-to-cash flow ratio at 18.94.

The company’s most recent quarterly dividend payment was $0.09 a share, representing a down of -76.32% from $0.38 last year. Its latest decrease dividend $0.29 reported on Friday August 19 2022.

Financial Health

The quick ratio of General Motors Company for the three months ended June 29 was 0.90, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.22 and a total debt to equity ratio of 1.73 for the quarter ending June 29. Its gross profit as reported stood at $17.88 billion compared to revenue of $127.0 billion.

Earnings Surprise

For the three-month period that ended June 29, General Motors Company had $10.12 billion in cash and short-term investments compared to $61.96 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.67 billion in the quarter, while revenues of $1.99 billion were shrunk -67.47%. The analyst consensus anticipated General Motors Company’s latest quarter earnings to come in at $1.2 per share, but it turned out to be $1.14, a -5.00% surprise. For the quarter, EBITDA amounted to $4.97 billion. Shareholders own equity worth $1.46 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at General Motors Company (GM) price momentum. RSI 9-day as of the close on 22 September was 35.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.76%.

As of today, GM’s price is $39.10 -8.07% or -$3.28 from its 5-day moving average. GM is currently trading -4.76% lower than its 20-day SMA and -1.40% lower than its 100-day SMA. However, the stock’s current price level is +17.84% above the SMA50 and -37.53% below the SMA200.

The stochastic %K and %D were 13.05% and 35.25%, respectively, and the average true range (ATR) was 1.47. With the 14-day stochastic at 3.68% and the average true range at 1.43, the RSI (14) stands at 42.00%. The stock has reached -1.89 on the 9-day MACD Oscillator while the 14-day reading was at -1.85.

Analyst Ratings

Deutsche Bank downgraded General Motors Company (NYSE: GM) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for General Motors Company (GM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GM, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 16 others rate it as a “buy”.

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

Analysts predict a range of price targets between $29.00 and $90.00, with a median target of $48.00. Taking a look at these predictions, the average price target given by analysts for General Motors Company (GM) stock is $50.49.


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