At the time of writing, General Motors Company [GM] stock is trading at $45.40, up 0.11%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GM shares have gain 5.43% over the last week, with a monthly amount glided 10.79%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, NPS Completes $17.5M Series B Funding for Software-Defined Radar Led by Cota Capital with Key Strategic Investment from GM Ventures and RTX Ventures. In a post published today on Yahoo Finance, Neural Propulsion Systems (NPS), a pioneer in software-defined radar, today announced it secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co. (NYSE: GM), and RTX Ventures, the venture capital arm of RTX (NYSE: RTX). This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, drivers and all other traffic participants) and defense radar systems.
From an analyst’s perspective:
General Motors Company [NYSE: GM] stock has seen the most recent analyst activity on March 15, 2024, when Piper Sandler initiated its Neutral rating and assigned the stock a price target of $44. Previously, Redburn Atlantic started tracking the stock with Neutral rating on January 24, 2024, and set its price target to $40. On January 04, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $42 on the stock. Mizuho upgraded its rating to a Buy and increased its price target to $42 on December 04, 2023. HSBC Securities initiated its recommendation with a Buy and recommended $41.30 as its price target on December 04, 2023. Barclays upgraded its rating to Overweight for this stock on November 01, 2023, but kept the price target unchanged to $37. In a note dated September 13, 2023, UBS upgraded an Buy rating on this stock and boosted its target price from $41 to $44.
For the past year, the stock price of General Motors Company fluctuated between $26.30 and $45.53. Currently, Wall Street analysts expect the stock to reach $61.52 within the next 12 months. General Motors Company [NYSE: GM] shares were valued at $45.40 at the most recent close of the market. An investor can expect a potential return of 35.51% based on the average GM price forecast.
Analyzing the GM fundamentals
According to General Motors Company [NYSE:GM], the company’s sales were 171.84B for trailing twelve months, which represents an -0.30% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.91.
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 45.01 points at the first support level, and at 44.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.76, and for the 2nd resistance point, it is at 46.12.
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 is important to note that General Motors Company [NYSE:GM] has a current ratio of 1.08. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 6.21.
Transactions by insiders
Recent insider trading involved Glidden Craig B., Executive Vice President & GC, that happened on Mar 28 ’24 when 50280.0 shares were sold. Executive Vice President, Johnson Gerald completed a deal on Mar 28 ’24 to sell 27122.0 shares. Meanwhile, Vice President & CAO Hatto Christopher sold 3500.0 shares on Mar 28 ’24.
