As of Thursday close, General Motors Company’s (NYSE:GM) stock was up $0.1, moving up 0.30 percent to $32.92. The average number of shares traded per day over the past five days has been 15,293,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.24 fall in that time frame. In the last twenty days, the average volume was 15,438,285, while in the previous 50 days, it was 14,027,470.
Since last month, GM stock retreated -16.08%. Shares of the company fell to $32.71 on 08/16/23, the lowest level in the past month. A 52-week high of $43.63 was reached on 02/16/23 after having rallying from a 52-week low of $31.10. Since the beginning of this year, GM’s stock price has dropped by -2.14% or -$0.72, and marked a new high 14 times. However, the stock has declined by -24.55% 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 36 days ago on Jul 13. Reuss Mark L, the President of the company, disposed of 9,300 shares for $41.00 on Jul 13. It resulted in a $381,300 divestment by the insider. Jacobson Paul A added 31,000 shares at an average price of $32.60 on May 19. The insider now owns 186,847 shares following the transaction. On Feb 09, Executive Vice President Johnson Gerald sold 15,743 shares at $42.65 apiece. The transaction was valued at $671,439.
Valuation Metrics
Right now, General Motors Company (GM) has a P/E ratio of about 4.60. The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 0.64.
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 June 29, General Motors Company’s quick ratio stood at 1.00, while its current ratio was 1.20, 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 June 29 was 1.14, and the total debt-to-equity ratio was 1.65. On the profitability front, the trailing twelve-month gross margin is 13.70% percent. In the year ended June 29, EBITDA margin amounted to 13.77%, whereas operating margins totaled 6.30%. Based on annual data, GM earned $20.98 billion in gross profit and brought in $156.74 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 4.30%. Return on equity (ROE) for the past 12 months was 14.80%.
In General Motors Company’s quarter-end financial report for June 29, it reported total debt of $42.0 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected General Motors Company to report $1.85 quarterly earnings, the actual figure was $1.91 per share, beating the consensus estimate by 3.20%. During the quarter, the company generated $5.72 billion in EBITDA. The liabilities of General Motors Company were 200.15 billion at the end of its most recent quarter ended June 29, and its total debt was $120.92 billion. The value of shareholders’ equity is $1.38 billion.
Technical Picture
This quick technical analysis looks at General Motors Company’s (GM) price momentum. With a historical volatility rate of 30.56%, the RSI 9-day stood at 19.40% on 17 August.
With respect to its five-day moving average, the current General Motors Company price is down by -3.63% percent or -$1.24. At present, GM shares trade -16.15% below its 20-day simple moving average and -2.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.58% below its SMA50 and -15.26% below its SMA200.
Stochastic coefficient K was 2.30% and Stochastic coefficient D was 4.52%, while ATR was 0.87. Given the Stochastic reading of 3.80% for the 14-day period, the RSI (14) reading has been calculated as 26.02%. As of today, the MACD Oscillator reading stands at -1.58, while the 14-day reading stands at -2.61.
Analyst Ratings
Goldman reiterated its a Buy rating on General Motors Company (NYSE: GM) in a note to investors. The analysts firm has however raised their price target to $49, representing a possible 28.43% increase in the stock price. General Motors Company (GM) has been rated Overweight by analysts. According to 2 brokerage firms, GM is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate General Motors Company stock as buy, with 13 recommending it as overweight.
With a median target price of $44.50, the current consensus forecast for the stock is $33.00 – $95.00. Based on these forecasts, analysts predict General Motors Company (GM) will achieve an average price target of $49.22.
