General Motors Company [GM] stock prices are up 1.12% to $40.63 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GM shares have gain 2.89% over the last week, with a monthly amount glided 14.81%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, Girl Scouts of the USA Unveils New Playbook to Help Troop Leaders and Supportive Adults Effectively Engage Girls in STEM. In a post published today on Yahoo Finance, Developed in partnership with General Motors, Girl Scouts’ new playbook will serve as a comprehensive guide for adults, geared to get girls of all grade levels interested in science, technology, engineering and mathematics (STEM).
From an analyst’s perspective:
General Motors Company [NYSE: GM] stock has seen the most recent analyst activity on January 24, 2024, when Redburn Atlantic initiated its Neutral rating and assigned the stock a price target of $40. Previously, Wolfe Research upgraded its rating to Outperform on January 04, 2024, and kept the price target unchanged to $42. On December 04, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $42 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $41.30 on December 04, 2023. Barclays upgraded its rating to a Overweight but $37 remained the price target by the analyst firm on November 01, 2023. UBS upgraded its rating to Buy for this stock on September 13, 2023, and upped its price target to $44. In a note dated July 14, 2023, Goldman reiterated an Buy rating on this stock and boosted its target price from $46 to $49.
The stock price of General Motors Company [GM] has been fluctuating between $26.30 and $41.35 over the past year. Currently, Wall Street analysts expect the stock to reach $62.25 within the next 12 months. General Motors Company [NYSE: GM] shares were valued at $40.63 at the most recent close of the market. An investor can expect a potential return of 53.21% based on the average GM price forecast.
Analyzing the GM fundamentals
The General Motors Company [NYSE:GM] reported sales of 171.84B for trailing twelve months, representing a drop of -0.30%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.91.
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 40.09 points at the first support level, and at 39.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.12, and for the 2nd resistance point, it is at 41.62.
General Motors Company [GM] reported earnings per share of $1.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.16/share, meaning a difference of $0.08 and a surprise factor of 6.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.28 per share as compared to estimates of $1.84 per share, a difference of $0.44 representing a surprise of 23.90%.
Ratios To Look Out For
It’s worth pointing out that General Motors Company [NYSE:GM]’s Current Ratio is 1.08. Further, the Quick Ratio stands at 0.90, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.76 and price to earnings (TTM) ratio is 5.56.
Transactions by insiders
Recent insider trading involved Glidden Craig B., Executive Vice President & GC, that happened on Feb 26 when 52433.0 shares were sold. Vice President & CAO, Hatto Christopher completed a deal on Feb 26 to sell 15510.0 shares. Meanwhile, Executive Vice President Johnson Gerald sold 15190.0 shares on Feb 26.
