General Motors Company (NYSE: GM)’s stock price has increased by 0.66 compared to its previous closing price of 34.33. However, the company has seen a -8.63% decrease in its stock price over the last five trading sessions. The Wall Street Journal reported on 03/08/23 that GM’s EV Push Stalls Amid Slow Rollouts
Is It Worth Investing in General Motors Company (NYSE: GM) Right Now?
General Motors Company (NYSE: GM) has a price-to-earnings ratio that is above its average at 5.60x. and a 36-month beta value of 1.37. Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The average price predicted for General Motors Company (GM) by analysts is $47.40, which is $14.3 above the current market price. The public float for GM is 1.35B, and at present, short sellers hold a 1.75% of that float. On March 16, 2023, the average trading volume of GM was 15.36M shares.
GM’s Market Performance
The stock of General Motors Company (GM) has seen a -8.63% decrease in the past week, with a -18.56% drop in the past month, and a -10.87% fall in the past quarter. The volatility ratio for the week is 4.19%, and the volatility levels for the past 30 days are at 3.10% for GM. The simple moving average for the last 20 days is -12.18% for GM stock, with a simple moving average of -6.78% for the last 200 days.
Analysts’ Opinion of GM
Many brokerage firms have already submitted their reports for GM stocks, with Barclays repeating the rating for GM by listing it as a “Equal Weight.” The predicted price for GM in the upcoming period, according to Barclays is $46 based on the research report published on February 15th of the current year 2023.
Berenberg, on the other hand, stated in their research note that they expect to see GM reach a price target of $41, previously predicting the price at $45. The rating they have provided for GM stocks is “Hold” according to the report published on January 30th, 2023.
GM Trading at -10.43% from the 50-Day Moving Average
After a stumble in the market that brought GM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.07% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 4.19%, as shares sank -19.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.77% upper at present.
During the last 5 trading sessions, GM fell by -8.99%, which changed the moving average for the period of 200-days by -10.76% in comparison to the 20-day moving average, which settled at $38.92. In addition, General Motors Company saw 2.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GM starting from Johnson Gerald, who sale 15,743 shares at the price of $42.65 back on Feb 09. After this action, Johnson Gerald now owns 71,209 shares of General Motors Company, valued at $671,439 using the latest closing price.
Carlisle Stephen K., the Executive Vice President of General Motors Company, sale 18,000 shares at $41.97 during a trade that took place back on Feb 02, which means that Carlisle Stephen K. is holding 46,170 shares at $755,460 based on the most recent closing price.
Stock Fundamentals for GM
Current profitability levels for the company are sitting at:
- +6.58 for the present operating margin
- +19.64 for the gross margin
The net margin for General Motors Company stands at +6.34. Equity return is now at value 13.80, with 3.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
To sum up, General Motors Company (GM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
