General Motors Company (GM) Reached A New High 3 times During The Past Five Days


As of Wednesday close, General Motors Company’s (NYSE:GM) stock was up $0.14, moving up 0.35 percent to $40.11. The average number of shares traded per day over the past five days has been 15,725,800 shares. 3 times new highs have been achieved over the past 5 days, with a $1.64 gain in that time frame. In the last twenty days, the average volume was 13,695,109, while in the previous 50 days, it was 15,066,286.

Since last month, GM stock rose 8.38%. Shares of the company fell to $34.46 on 10/24/22, the lowest level in the past month. A 52-week high of $67.21 was reached on 01/05/22 after having rallying from a 52-week low of $30.33. Since the beginning of this year, GM’s stock price has dropped by -31.59% or -$18.52, and marked a new high 3 times. However, the stock has declined by -40.32% since its 52-week high.

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GM stock investors should be aware that General Motors Company (GM) stock had its last reported insider trading activity 210 days ago on Apr 29. Carlisle Stephen K., the Executive Vice President of the company, disposed of 25,645 shares for $39.04 on Apr 29. It resulted in a $1,001,181 divestment by the insider. Jacobson Paul A added 35,000 shares at an average price of $38.79 on Apr 28. The insider now owns 110,000 shares following the transaction. On Feb 16, Executive Vice President Blissett Julian G. sold 21,742 shares at $50.04 apiece. The transaction was valued at $1,087,970.

Valuation Metrics

Right now, General Motors Company (GM) has a P/E ratio of about 6.81. The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.89, and the price-to-cash flow ratio of 7.09 may also be considered.

The latest dividend of $0.09 per share was paid out, remained unchanged from last year’s $0.09. On Friday August 19 2022, a $0.29 dividend decrease was announced.

Financial Health

In the three months ended September 29, General Motors Company’s quick ratio stood at 1.00, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.19, and the total debt-to-equity ratio was 1.73. On the profitability front, the trailing twelve-month gross margin is 12.90% percent. In the year ended September 29, operating margins totaled 6.30%. Based on annual data, GM earned $17.88 billion in gross profit and brought in $127.0 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.90%. Return on equity (ROE) for the past 12 months was 13.70%.

In General Motors Company’s quarter-end financial report for September 29, it reported total debt of $59.19 billion against cash and short-term investments of $9.57 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GM’s revenue rose 36.07% to $35.76 billion during the quarter, while net income inched up to $41.89 billion. While analysts expected General Motors Company to report $1.88 quarterly earnings, the actual figure was $2.25 per share, beating the consensus estimate by 19.70%. During the quarter, the company generated $6.17 billion in EBITDA. The liabilities of General Motors Company were 190.99 billion at the end of its most recent quarter ended September 29, and its total debt was $112.61 billion. The value of shareholders’ equity is $1.42 billion.

Technical Picture

This quick technical analysis looks at General Motors Company’s (GM) price momentum. With a historical volatility rate of 37.90%, the RSI 9-day stood at 59.60% on 23 November.

With respect to its five-day moving average, the current General Motors Company price is up by +4.26% percent or $1.64. At present, GM shares trade +5.94% above its 20-day simple moving average and +23.91% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.26% below its SMA50 and -18.90% below its SMA200.

Stochastic coefficient K was 58.35% and Stochastic coefficient D was 52.90%, while ATR was 1.26. Given the Stochastic reading of 64.28% for the 14-day period, the RSI (14) reading has been calculated as 58.92%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.37.

Analyst Ratings

General Motors Company downgraded its rating on General Motors Company (NYSE: GM) to a Peer perform in a note to investors on November 10, 2022. The analysts firm previously had an Outperform rating on the stock.General Motors Company (GM) has been rated Overweight by analysts. According to 1 brokerage firm, GM is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate General Motors Company stock as buy, with 14 recommending it as overweight.

With a median target price of $44.50, the current consensus forecast for the stock is $30.00 – $90.00. Based on these forecasts, analysts predict General Motors Company (GM) will achieve an average price target of $48.13.


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