At the time of writing, General Motors Company [GM] stock is trading at $46.95, up 0.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The GM shares have gain 1.16% over the last week, with a monthly amount glided 4.36%, 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 April 25, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $55. Previously, Piper Sandler started tracking the stock with Neutral rating on March 15, 2024, and set its price target to $44. On January 24, 2024, Redburn Atlantic initiated with a Neutral rating and assigned a price target of $40 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $42 on January 04, 2024. Mizuho upgraded its rating to a Buy and raised its price target to $42 on December 04, 2023. HSBC Securities started tracking with a Buy rating for this stock on December 04, 2023, and assigned it a price target of $41.30. In a note dated November 01, 2023, Barclays upgraded an Overweight rating on this stock but restated the target price of $37.
For the past year, the stock price of General Motors Company fluctuated between $26.30 and $49.35. Currently, Wall Street analysts expect the stock to reach $61.31 within the next 12 months. General Motors Company [NYSE: GM] shares were valued at $46.95 at the most recent close of the market. An investor can expect a potential return of 30.59% based on the average GM price forecast.
Analyzing the GM fundamentals
According to General Motors Company [NYSE:GM], the company’s sales were 174.87B for trailing twelve months, which represents an 7.58% jump. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.06%, 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 0.15 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.83.
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 46.52 points at the first support level, and at 46.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.23, and for the 2nd resistance point, it is at 47.51.
Ratios To Look Out For
It is important to note that General Motors Company [NYSE:GM] has a current ratio of 1.16. On the other hand, the Quick Ratio is 0.97, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 5.74.
Transactions by insiders
Recent insider trading involved Barra Mary T, Chair & CEO, that happened on Jun 11 ’24 when 0.33 million shares were sold. Chair & CEO, Barra Mary T completed a deal on Jun 10 ’24 to sell 0.3 million shares. Meanwhile, President Reuss Mark L sold 35142.0 shares on Jun 10 ’24.
