General Motors Company [GM] stock is trading at $45.98, up 0.66%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GM shares have gain 2.54% over the last week, with a monthly amount drifted -2.46%, 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 September 25, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $42 from $47. Previously, Bernstein downgraded its rating to Mkt Perform on September 23, 2024, and kept the price target unchanged to $53. Nomura downgraded its rating to a Reduce. Morgan Stanley downgraded its rating to Equal-Weight for this stock on July 24, 2024, and upped its price target to $47. In a note dated April 25, 2024, Bernstein initiated an Outperform rating and provided a target price of $55 on this stock.
General Motors Company [GM] stock has fluctuated between $26.30 and $50.50 over the past year. Currently, Wall Street analysts expect the stock to reach $61.42 within the next 12 months. General Motors Company [NYSE: GM] shares were valued at $45.98 at the most recent close of the market. An investor can expect a potential return of 33.58% based on the average GM price forecast.
Analyzing the GM fundamentals
General Motors Company [NYSE:GM] reported sales of 178.09B for the trailing twelve months, which represents a growth of 7.20%. 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 45.45 points at the first support level, and at 44.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.31, and for the 2nd resistance point, it is at 46.65.
Ratios To Look Out For
For context, General Motors Company’s Current Ratio is 1.18. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.74 and price to earnings (TTM) ratio is 5.17.
Transactions by insiders
Recent insider trading involved Harvey Rory, Executive Vice President, that happened on Aug 26 ’24 when 12795.0 shares were sold. Executive Vice President, Harvey Rory completed a deal on Aug 23 ’24 to sell 2302.0 shares. Meanwhile, Officer RORY HARVEY bought 12795.0 shares on Aug 26 ’24.
