General Motors Company (NYSE: GM)’s stock price has gone rise by 0.63 in comparison to its previous close of 49.47, however, the company has experienced a 2.49% increase in its stock price over the last five trading days. reuters.com reported 2024-09-02 that General Motors’ factory in Ecuador will shutter production on Friday amid pressure from local competitors, but will still sell vehicles in the Andean country.
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 5.60x, Company’s 36-month beta value is 1.43.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 13 as “hold,” and 2 as “sell.”
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The public float for GM is 1.12B, and currently, short sellers hold a 3.31% ratio of that floaft. The average trading volume of GM on September 03, 2024 was 14.55M shares.
GM’s Market Performance
The stock of General Motors Company (GM) has seen a 2.49% increase in the past week, with a 14.78% rise in the past month, and a 10.65% gain in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are at 2.18% for GM. The simple moving average for the past 20 days is 10.80% for GM’s stock, with a 20.68% simple moving average for the past 200 days.
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 8.07% 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 -1.43% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +20.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.21% upper at present.
During the last 5 trading sessions, GM rose by +2.49%, which changed the moving average for the period of 200-days by +85.06% in comparison to the 20-day moving average, which settled at $45.36. In addition, General Motors Company saw 38.59% 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 12,795 shares at the price of $49.02 back on Aug 26 ’24. After this action, Harvey Rory now owns 8,513 shares of General Motors Company, valued at $627,153 using the latest closing price.
Harvey Rory, the Executive Vice President of General Motors Company, sale 2,302 shares at $47.31 during a trade that took place back on Aug 23 ’24, which means that Harvey Rory is holding 10,356 shares at $108,908 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 3.22.
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 a nutshell, General Motors Company (GM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
