General Motors Company (NYSE: GM) has a price-to-earnings ratio of 6.20x that is above its average ratio. Additionally, the 36-month beta value for GM is 1.51. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 8 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The public float for GM is 1.15B and currently, short sellers hold a 7.17% ratio of that float. The average trading volume of GM on April 01, 2024 was 18.35M shares.
GM) stock’s latest price update
General Motors Company (NYSE: GM)’s stock price has surge by 1.70relation to previous closing price of 44.59. Nevertheless, the company has seen a 4.44% surge in its stock price over the last five trading sessions. Reuters reported 2024-03-31 that China’s SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters.
GM’s Market Performance
General Motors Company (GM) has seen a 4.44% rise in stock performance for the week, with a 11.62% gain in the past month and a 25.69% surge in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 2.33% for GM. The simple moving average for the past 20 days is 9.88% for GM’s stock, with a 29.03% simple moving average for the past 200 days.
Analysts’ Opinion of GM
Many brokerage firms have already submitted their reports for GM stocks, with Piper Sandler repeating the rating for GM by listing it as a “Neutral.” The predicted price for GM in the upcoming period, according to Piper Sandler is $44 based on the research report published on March 15, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see GM reach a price target of $40. The rating they have provided for GM stocks is “Neutral” according to the report published on January 24th, 2024.
Wolfe Research gave a rating of “Outperform” to GM, setting the target price at $42 in the report published on January 04th of the current year.
GM Trading at 15.71% 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 able to rebound, for now settling with 1.21% of gains for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +10.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.53% upper at present.
During the last 5 trading sessions, GM rose by +4.44%, which changed the moving average for the period of 200-days by +23.67% in comparison to the 20-day moving average, which settled at $41.49. In addition, General Motors Company saw 26.25% 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 Harvey Rory, who sale 5,100 shares at the price of $43.04 back on Mar 21 ’24. After this action, Harvey Rory now owns 12,658 shares of General Motors Company, valued at $219,504 using the latest closing price.
Hatto Christopher, the Vice President & CAO of General Motors Company, sale 6,000 shares at $42.01 during a trade that took place back on Mar 20 ’24, which means that Hatto Christopher is holding 15,507 shares at $252,060 based on the most recent closing price.
Stock Fundamentals for GM
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.13 for the gross margin
The net margin for General Motors Company stands at 0.06. The total capital return value is set at 0.05. Equity return is now at value 15.33, with 3.77 for asset returns.
Based on General Motors Company (GM), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.91. The interest coverage ratio of the stock is 2.57.
Currently, EBITDA for the company is 23.28 billion with net debt to EBITDA at 5.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.91. The receivables turnover for the company is 3.34for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, General Motors Company (GM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
