A share price of General Motors Company [GM] is currently trading at $42.73, up 5.12%. 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 -1.48% over the last week, with a monthly amount drifted -8.17%, and not 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 August 05, 2024, when Nomura downgraded its rating to a Reduce. Previously, Morgan Stanley downgraded its rating to Equal-Weight on July 24, 2024, and elevated its price target to $47. On April 25, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $55 on the stock. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $44 on March 15, 2024. Redburn Atlantic initiated its recommendation with a Neutral and recommended $40 as its price target on January 24, 2024. Wolfe Research upgraded its rating to Outperform for this stock on January 04, 2024, but kept the price target unchanged to $42. In a note dated December 04, 2023, Mizuho upgraded an Buy rating on this stock and boosted its target price from $38 to $42.
General Motors Company experienced fluctuations in its stock price throughout the past year between $26.30 and $50.50. Currently, Wall Street analysts expect the stock to reach $62.23 within the next 12 months. General Motors Company [NYSE: GM] shares were valued at $42.73 at the most recent close of the market. An investor can expect a potential return of 45.64% based on the average GM price forecast.
Analyzing the GM fundamentals
Trailing Twelve Months sales for General Motors Company [NYSE:GM] were 178.09B which represents 7.20% growth. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, 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 0.16 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 1.62.
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 41.55 points at the first support level, and at 40.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.44, and for the 2nd resistance point, it is at 44.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for General Motors Company [NYSE:GM] is 1.18. Further, the Quick Ratio stands at 0.99, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.68 and price to earnings (TTM) ratio is 4.80.
Transactions by insiders
Recent insider trading involved Jacobson Paul A, Executive Vice President & CFO, that happened on Jul 26 ’24 when 25000.0 shares were purchased. Chair & CEO, Barra Mary T completed a deal on Jun 11 ’24 to sell 0.33 million shares. Meanwhile, Chair & CEO Barra Mary T sold 0.3 million shares on Jun 10 ’24.
