General Motors Company (NYSE:GM) finished Thursday with an addition of $0.81 to close at $33.16, an upside of 2.50 percent. An average of 10,163,760 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 11,521,735 shares traded, while the 50-day average volume stands at 12,724,104.
GM stock has decreased by -0.90% in the last month. The company shares reached their 1-month lowest point of $31.97 on 09/27/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $31.10 and a high of $43.63 in 52 weeks. It has reached a new high 14 times so far this year and lost -1.43% or -$0.48 in price. In spite of this, the price is down -24.00% from the 52-week high.
Insider Transactions
GM stock investors should be aware that General Motors Company (GM) stock had its last reported insider trading activity 78 days ago on Jul 13. In this transaction, the insider spent $381,300. Executive Vice President, Johnson Gerald, disposed of 15,743 shares at a price of $42.65 on Feb 09. The insider now owns more than $671,439 worth of shares. Prior to that, Executive Vice President Carlisle Stephen K. went on to Sale 18,000 shares at $41.97 each on Feb 02. An amount of $755,460 was transacted.
Valuation Metrics
General Motors Company (GM) has a trailing price-to-earnings (P/E) ratio of 4.63. The stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.27, the price-to-book (PB) ratio at 0.65.
The company has a payout ratio of 2.94%. The company’s most recent quarterly dividend payment was $0.09 a share, without any change from 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 0.96, and the current ratio was 1.15, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.14 and a total debt to equity ratio of 1.65 for the quarter ending June 29. General Motors Company’s EBITDA margin for the year ending June 29 is 13.77%, while its operating margin for the same period stands at 6.70%. Its gross profit as reported stood at $20.98 billion compared to revenue of $156.74 billion.
Earnings Surprise
For the three-month period that ended June 29, General Motors Company had $65.39 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.54 billion in the quarter, while revenues of $2.37 billion were grew 34.41%. The analyst consensus anticipated General Motors Company’s latest quarter earnings to come in at $1.85 per share, but it turned out to be $1.91, a 3.20% surprise. For the quarter, EBITDA amounted to $5.72 billion. Shareholders own equity worth $1.38 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 28 September was 50.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.86%.
As of today, GM’s price is $32.68 +1.38% or $0.45 from its 5-day moving average. GM is currently trading -0.69% lower than its 20-day SMA and -0.30% lower than its 100-day SMA. However, the stock’s current price level is -15.47% below the SMA50 and -13.38% below the SMA200.
The stochastic %K and %D were 23.06% and 22.81%, respectively, and the average true range (ATR) was 0.88. With the 14-day stochastic at 45.25% and the average true range at 0.86, the RSI (14) stands at 47.49%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -0.55.
Analyst Ratings
UBS upgraded General Motors Company (NYSE: GM) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
