General Motors Company (GM) stock hits $32.41: Is it a good time to buy or wait for a dip?

General Motors Company [GM] stock is trading at $32.41, up 0.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GM shares have lost -1.49% over the last week, with a monthly amount glided 0.59%, and seem to be holding up well over a long-time horizon.

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On 25, April 2023, GM Releases 2023 First-Quarter Results and Raises Full-Year Guidance. In a post published today on Yahoo Finance, General Motors Co. (NYSE: GM) today reported first-quarter 2023 revenue of $40.0 billion, net income attributable to stockholders of $2.4 billion and EBIT-adjusted of $3.8 billion.

From an analyst’s perspective:

General Motors Company [GM] stock has fluctuated between $30.33 and $43.63 over the past year. Currently, Wall Street analysts expect the stock to reach $45.86 within the next 12 months. General Motors Company [NYSE: GM] shares were valued at $32.41 at the most recent close of the market. An investor can expect a potential return of 41.5% based on the average GM price forecast.

Analyzing the GM fundamentals

General Motors Company [NYSE:GM] reported sales of 39.98 billion for the most recent quarter, which represents a growth of 11.10%. A company’s income per employee is $59,485 while it generates $938,533 in revenue per employee. Gross Margin for this corporation currently stands at +19.64% with Operating Margin at +6.58%, Pretax Margin comes in at +7.40%, and Net Margin reading is +6.34%. To continue investigating profitability, this company’s Return on Assets is posted at 3.91, Equity is 15.58, Total Capital is 5.66, and Invested Capital is 7.07. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 63.10 and enduring liabilities to the whole assets at 43.90.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.15 points at the first support level, and at 31.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.65, and for the 2nd resistance point, it is at 32.90.

General Motors Company [GM] reported earnings per share of $2.21 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.73/share, meaning a difference of $0.48 and a surprise factor of 27.70%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $2.12 per share as compared to estimates of $1.69 per share, a difference of $0.43 representing a surprise of 25.40%.

Ratios To Look Out For

For context, General Motors Company’s Current Ratio is 1.10. As well, the Quick Ratio is 0.93, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 0.69 and the P/E (TTM) ratio is 5.01.

Transactions by insiders

Recent insider trading involved Jacobson Paul A, Executive Vice President & CFO, that happened on May 19 when 31000.0 shares were purchased. Executive Vice President, Johnson Gerald completed a deal on Feb 09 to sell 15743.0 shares. Meanwhile, Executive Vice President Carlisle Stephen K. sold 18000.0 shares on Feb 02.