In the past week, GM stock has gone down by -1.65%, with a monthly decline of -1.12% and a quarterly surge of 19.32%. The volatility ratio for the week is 2.23%, and the volatility levels for the last 30 days are 2.14% for General Motors Company The simple moving average for the last 20 days is -3.43% for GM stock, with a simple moving average of 18.93% for the last 200 days.
Is It Worth Investing in General Motors Company (NYSE: GM) Right Now?
The price-to-earnings ratio for General Motors Company (NYSE: GM) is above average at 5.80x. The 36-month beta value for GM is also noteworthy at 1.51. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 rating it as “hold,” and 2 rating it as “sell.”
The public float for GM is 1.15B, and at present, short sellers hold a 6.39% of that float. The average trading volume of GM on April 22, 2024 was 17.50M shares.
GM) stock’s latest price update
General Motors Company (NYSE: GM)’s stock price has plunge by -0.16relation to previous closing price of 42.44. Nevertheless, the company has seen a -1.65% plunge in its stock price over the last five trading sessions. Market Watch reported 2024-04-21 that The so-called Magnificent Seven — Apple Inc., Nvidia Corp., Microsoft Corp., Tesla Inc. Google parent Alphabet Inc., Amazon.com, Meta Platforms Inc., the parent of Facebook and Instagram — have done the heavy lifting for the U.S. stock market since last year’s massive artificial intelligence stock-buying bender.
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 2.25% 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 -7.97% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -2.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.43% upper at present.
During the last 5 trading sessions, GM fell by -1.65%, which changed the moving average for the period of 200-days by +7.48% in comparison to the 20-day moving average, which settled at $43.82. In addition, General Motors Company saw 17.96% 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 Glidden Craig B., who sale 50,280 shares at the price of $45.24 back on Mar 28 ’24. After this action, Glidden Craig B. now owns 174,046 shares of General Motors Company, valued at $2,274,667 using the latest closing price.
Johnson Gerald, the Executive Vice President of General Motors Company, sale 27,122 shares at $45.26 during a trade that took place back on Mar 28 ’24, which means that Johnson Gerald is holding 71,506 shares at $1,227,542 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 0.89. 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 summary, General Motors Company (GM) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
