The stock of General Motors Company (NYSE:GM) increased by $0.18 on Monday to finish at $34.07, up 0.53 percent. The last five days have seen an average of 16,102,221 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.43. The average number of shares traded over the last 20 days was 15,268,895, while the average volume over the last 50 days totaled 14,024,548.
GM stock dropped -14.82% since last month. On 08/14/23, the company’s shares reached a one-month low of $33.42. The stock touched a high of $43.63 on 02/16/23, after rallying from a low of $31.10 in 52 weeks. The price of GM stock has risen by 1.28% or $0.43 this year, reaching a new high 14 times. Still, the stock price is down -21.91% from the 52-week high.
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Insider Transactions
GM stock investors should be aware that General Motors Company (GM) stock had its last reported insider trading activity 33 days ago on Jul 13. On Jul 13, President Reuss Mark L sold 9,300 shares at $41.00 each. This transaction resulted in the insider making $381,300. On May 19, Jacobson Paul A added 31,000 shares at a price of US$32.60. After the transaction, the insider now owns 186,847 shares. Executive Vice President Johnson Gerald had earlier sold 15,743 shares on Feb 09 for $42.65 a share. The transaction was completed for $671,439.
Valuation Metrics
General Motors Company (GM) has a trailing price-to-earnings (P/E) ratio of 4.76. Beta for the stock is 1.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.28, the price-to-book (PB) ratio of 0.66.
Company paid $0.09 per share in dividends, remained unchanged from $0.09 last year. A $0.29 dividend decrease was reported on Friday August 19 2022.
Financial Health
For the three months ended June 29, General Motors Company’s quick ratio was 1.00, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.14, and the total debt to equity ratio is 1.65. As far as profitability goes, gross margin for the trailing twelve months is 13.70% percent. General Motors Company’s EBITDA margin for the year ended June 29 was 13.77%, whereas its operating margin stood at 6.30% for the same period. Based on annual data, it had gross profit of $20.98 billion and revenue of $156.74 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GM’s return on assets (ROA) during the last 12 months has been 3.80%. There was a 4.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.80%.
Earnings Surprise
According to General Motors Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that General Motors Company’s quarterly earnings would be $1.91, but it ended up being $1.85, beating the consensus by 3.20%. EBITDA was $5.72 billion for the quarter. At the end of General Motors Company’s most recent quarter ended June 29, its liabilities totaled 200.15 billion, while its total debt was $120.92 billion. Equity owned by shareholders amounts to $1.38 billion.
Technical Picture
Here’s a quick look at General Motors Company’s (GM) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 22.68%, suggesting the stock is oversold, with a 28.97% historical volatility rate.
The stochastic %K and %D were 7.17% and 7.20% respectively, while the average true range (ATR) was 0.96. Based on the 14-day stochastic reading of 10.79%, the RSI (14) reading is 29.46%. On the 9-day MACD Oscillator, the stock is at -1.87, and the 14-day reading is at -2.74.
Analyst Ratings
In a note to investors, Goldman maintained its a Buy rating on General Motors Company (NYSE: GM). However, the firm raised their price target to $49, indicating a possible increase of 25.93% in the stock price. Analysts have assigned General Motors Company (GM) an Overweight rating. GM is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 14 others recommend it as a buy.
What is GM’s price target for the next 12 months?
The current consensus forecast for the stock is between $33.00 and $95.00, with a median target price of $44.50. In analyzing these forecasts, the average price target given by analysts for General Motors Company (GM) is $49.22.
