A share price of General Motors Company [GM] is currently trading at $42.44, down -0.05%. 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 lost -3.19% over the last week, with a monthly amount glided 2.24%, and seem to be holding up well over a long-time horizon.
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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.
General Motors Company experienced fluctuations in its stock price throughout the past year between $26.30 and $46.04. Currently, Wall Street analysts expect the stock to reach $61.84 within the next 12 months. General Motors Company [NYSE: GM] shares were valued at $42.44 at the most recent close of the market. An investor can expect a potential return of 45.71% based on the average GM price forecast.
Analyzing the GM fundamentals
Trailing Twelve Months sales for General Motors Company [NYSE:GM] were 171.84B which represents -0.30% decline. 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 42.02 points at the first support level, and at 41.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.85, and for the 2nd resistance point, it is at 43.25.
Ratios To Look Out For
To put it in perspective, the Current Ratio for General Motors Company [NYSE:GM] 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 0.29, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 5.80.
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.
