The stock of General Motors Company (GM) has gone up by 7.17% for the week, with a 10.06% rise in the past month and a 11.07% rise in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are 2.47% for GM. The simple moving average for the last 20 days is 11.19% for GM stock, with a simple moving average of 19.28% 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 of 5.46x that is above its average ratio. Additionally, the 36-month beta value for GM is 1.43. 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.”
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The public float for GM is 1.12B and currently, short sellers hold a 3.13% ratio of that float. The average trading volume of GM on August 26, 2024 was 14.74M shares.
GM) stock’s latest price update
General Motors Company (NYSE: GM) has seen a rise in its stock price by 4.54 in relation to its previous close of 46.46. However, the company has experienced a 7.17% gain in its stock price over the last five trading sessions. fool.com reported 2024-08-25 that As conflicts bloom around the globe, demand for missiles — and missile engines to power them — is booming. One problem: Missile engine makers Northrop Grumman and L3Harris can’t keep up with demand.
Analysts’ Opinion of GM
Morgan Stanley, on the other hand, stated in their research note that they expect to see GM reach a price target of $47, previously predicting the price at $46. The rating they have provided for GM stocks is “Equal-Weight” according to the report published on July 24th, 2024.
Bernstein gave a rating of “Outperform” to GM, setting the target price at $55 in the report published on April 25th of the current year.
GM Trading at 5.76% 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 -3.82% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +10.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.59% lower at present.
During the last 5 trading sessions, GM rose by +7.17%, which changed the moving average for the period of 200-days by +66.85% in comparison to the 20-day moving average, which settled at $43.90. In addition, General Motors Company saw 35.22% 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 RORY HARVEY, who proposed sale 2,302 shares at the price of $47.31 back on Aug 23 ’24. After this action, RORY HARVEY now owns shares of General Motors Company, valued at $108,908 using the latest closing price.
Jacobson Paul A, the Executive Vice President & CFO of General Motors Company, purchase 25,000 shares at $44.11 during a trade that took place back on Jul 26 ’24, which means that Jacobson Paul A is holding 261,872 shares at $1,102,750 based on the most recent closing price.
Stock Fundamentals for GM
Current profitability levels for the company are sitting at:
- 0.06 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 0.06. Equity return is now at value 15.80, with 3.97 for asset returns.
Based on General Motors Company (GM), the company’s capital structure generated 0.62 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 1.62. The interest coverage ratio of the stock is 1.78.
Currently, EBITDA for the company is 23.28 billion with net debt to EBITDA at 4.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 3.17for 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 1.18.
Conclusion
In conclusion, General Motors Company (GM) has seen better performance in recent times. Analysts have a bullish 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.
