The Jan 30 BMO Simple Moving Average of General Motors Company’s (GM) Stock in the Past 200 Days

In the past week, GM stock has gone up by 3.94%, with a monthly gain of 9.54% and a quarterly surge of 47.39%. The volatility ratio for the week is 2.18%, and the volatility levels for the last 30 days are 2.50% for General Motors Company The simple moving average for the last 20 days is 6.60% for GM stock, with a simple moving average of Jan 30 BMO for the last 200 days.

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 5.37x. and a 36-month beta value of 1.49.

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The public float for GM is 1.15B, and at present, short sellers hold a 8.61% of that float. On February 13, 2024, the average trading volume of GM was 0.86 shares.

GM) stock’s latest price update

General Motors Company (NYSE: GM)’s stock price has increased by 39.28 compared to its previous closing price of 49.32. However, the company has seen a 3.94% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-02-12 that Auto stocks, particularly EV-based sales, have faced hardships industry-wide. Though EVs are more popular than ever before, profits have slowed compared to the continuous surge experienced in previous years.

Analysts’ Opinion of GM

Many brokerage firms have already submitted their reports for GM stocks, with Redburn Atlantic repeating the rating for GM by listing it as a “Neutral.” The predicted price for GM in the upcoming period, according to Redburn Atlantic is $40 based on the research report published on January 24, 2024 of the current year 2024.

GM Trading at -0.30% 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 -9.97% of loss for the given period.

Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +11.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.30% upper at present.

During the last 5 trading sessions, GM rose by +3.94%, which changed the moving average for the period of 200-days by +21.91% in comparison to the 20-day moving average, which settled at $36.86. In addition, General Motors Company saw 9.35% 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 Reuss Mark L, who sale 9,300 shares at the price of $41.00 back on Jul 13. After this action, Reuss Mark L now owns 282,973 shares of General Motors Company, valued at $381,300 using the latest closing price.

Jacobson Paul A, the Executive Vice President & CFO of General Motors Company, purchase 31,000 shares at $32.60 during a trade that took place back on May 19, which means that Jacobson Paul A is holding 186,847 shares at $1,010,600 based on the most recent closing price.

Stock Fundamentals for GM

Equity return is now at value 15.33, with 3.77 for asset returns.

Conclusion

To sum up, General Motors Company (GM) has seen a better 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.

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