The price of General Motors Company (NYSE: GM) closed at $39.21 in the last session, down -0.81% from day before closing price of $39.53. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 16877048 shares were traded.
Ratios:
We take a closer look at GM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 1.91 whereas as Long-Term Debt/Eq ratio is at 1.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Redburn Atlantic on January 24, 2024, initiated with a Neutral rating and assigned the stock a target price of $40.
On January 04, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $42.
Mizuho Upgraded its Neutral to Buy on December 04, 2023, whereas the target price for the stock was revised from $38 to $42.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 26 ’24 when Glidden Craig B. sold 52,433 shares for $40.09 per share. The transaction valued at 2,102,039 led to the insider holds 224,326 shares of the business.
Hatto Christopher sold 15,510 shares of GM for $620,727 on Feb 26 ’24. The Vice President & CAO now owns 21,507 shares after completing the transaction at $40.02 per share. On Feb 26 ’24, another insider, Johnson Gerald, who serves as the Executive Vice President of the company, sold 15,190 shares for $40.03 each. As a result, the insider received 608,056 and left with 98,628 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GM now has a Market Capitalization of 45.27B and an Enterprise Value of 141.45B. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.36, and their Forward P/E ratio for the next fiscal year is 4.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 0.82 whereas that against EBITDA is 6.10.
Stock Price History:
Over the past 52 weeks, GM has reached a high of $41.80, while it has fallen to a 52-week low of $26.30. The 50-Day Moving Average of the stock is 37.81, while the 200-Day Moving Average is calculated to be 34.71.
Shares Statistics:
According to the various share statistics, GM traded on average about 17.96M shares per day over the past 3-months and 15.28M shares per day over the past 10 days. A total of 1.20B shares are outstanding, with a floating share count of 1.15B. Insiders hold about 0.28% of the company’s shares, while institutions hold 96.04% stake in the company. Shares short for GM as of Feb 29, 2024 were 94.66M with a Short Ratio of 5.27, compared to 99.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.20% and a Short% of Float of 8.23%.
Dividends & Splits
The forward annual dividend rate for GM is 0.39, which was 0.36 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.91%, it implies a Forward Annual Dividend Yield of 1.22%. The stock’s 5-year Average Dividend Yield is 4.06.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.03 for the current quarter, with a high estimate of $2.43 and a low estimate of $1.68, while EPS last year was $2.21. The consensus estimate for the next quarter is $2.29, with high estimates of $2.6 and low estimates of $1.38.
Analysts are recommending an EPS of between $9.78 and $7.02 for the fiscal current year, implying an average EPS of $8.98. EPS for the following year is $9.13, with 22 analysts recommending between $10.85 and $6.21.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $41.62B. It ranges from a high estimate of $44.51B to a low estimate of $39.81B. As of the current estimate, General Motors Company’s year-ago sales were $39.98B, an estimated increase of 4.10% from the year-ago figure.
A total of 16 analysts have provided revenue estimates for GM’s current fiscal year. The highest revenue estimate was $180.85B, while the lowest revenue estimate was $167.93B, resulting in an average revenue estimate of $175.8B. In the same quarter a year ago, actual revenue was $171.84B, up 2.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $178.69B in the next fiscal year. The high estimate is $185.4B and the low estimate is $160.54B. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
