General Motors Company [GM] stock is trading at $47.87, up 0.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GM shares have gain 4.79% over the last week, with a monthly amount glided 3.79%, 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 October 11, 2024, when DZ Bank downgraded its rating to a Hold but kept the price target unchanged to $49 for it. Previously, Morgan Stanley downgraded its rating to Underweight on September 25, 2024, and dropped its price target to $42. On September 23, 2024, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $53 on the stock. Nomura downgraded its rating to Reduce for this stock on August 05, 2024. In a note dated July 24, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and boosted its target price from $46 to $47.
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 $47.87 at the most recent close of the market. An investor can expect a potential return of 28.31% 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 47.36 points at the first support level, and at 46.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.32, and for the 2nd resistance point, it is at 48.76.
Ratios To Look Out For
For context, General Motors Company’s Current Ratio is 1.18. In addition, the Quick Ratio stands at 0.99 and the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 5.38.
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.
