General Motors Company (NYSE: GM) has a higher price-to-earnings ratio of 5.38x compared to its average ratio, The 36-month beta value for GM is at 1.43. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 as “hold,” and 2 as “sell.”
The public float for GM is 1.12B, and currently, shorts hold a 2.73% of that float. The average trading volume for GM on October 14, 2024 was 14.04M shares.
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GM) stock’s latest price update
General Motors Company (NYSE: GM)’s stock price has increased by 0.38 compared to its previous closing price of 47.69. However, the company has seen a 4.79% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-10-13 that LOS ANGELES, CA / ACCESSWIRE / October 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dollar General Corporation (“Dollar General” or “the Company”) (NYSE:DG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
GM’s Market Performance
General Motors Company (GM) has seen a 4.79% rise in stock performance for the week, with a 3.79% gain in the past month and a -2.90% plunge in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 2.56% for GM. The simple moving average for the past 20 days is 2.36% for GM’s stock, with a 10.07% simple moving average for the past 200 days.
Analysts’ Opinion of GM
Many brokerage firms have already submitted their reports for GM stocks, with DZ Bank repeating the rating for GM by listing it as a “Hold.” The predicted price for GM in the upcoming period, according to DZ Bank is $49 based on the research report published on October 11, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see GM reach a price target of $42, previously predicting the price at $47. The rating they have provided for GM stocks is “Underweight” according to the report published on September 25th, 2024.
Bernstein gave a rating of “Mkt Perform” to GM, setting the target price at $53 in the report published on September 23rd of the current year.
GM Trading at 3.83% 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 -5.21% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +3.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.38% upper at present.
During the last 5 trading sessions, GM rose by +4.79%, which changed the moving average for the period of 200-days by +32.49% in comparison to the 20-day moving average, which settled at $46.77. In addition, General Motors Company saw 33.27% 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 0.87. 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 had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
