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The closing price of General Motors Company (NYSE: GM) was $47.69 for the day, down -0.50% from the previous closing price of $47.93. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 9.74 million shares were traded. GM stock price reached its highest trading level at $47.96 during the session, while it also had its lowest trading level at $47.36.
Ratios:
Our analysis of GM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 1.84 whereas as Long-Term Debt/Eq ratio is at 1.29.
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 the company, Morgan Stanley on September 25, 2024, Downgraded its rating to Underweight and sets its target price to $42 from $47 previously.
On September 23, 2024, Bernstein Downgraded its rating to Mkt Perform which previously was Outperform but kept the price unchanged to $53.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 26 ’24 when Harvey Rory sold 12,795 shares for $49.02 per share. The transaction valued at 627,153 led to the insider holds 8,513 shares of the business.
Harvey Rory sold 2,302 shares of GM for $108,908 on Aug 23 ’24. The Executive Vice President now owns 10,356 shares after completing the transaction at $47.31 per share. On Aug 26 ’24, another insider, RORY HARVEY, who serves as the Officer of the company, bought 12,795 shares for $49.02 each.
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 53599744000 and an Enterprise Value of 162163851264. 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 4.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 0.911 whereas that against EBITDA is 9.021.
Stock Price History:
Over the past 52 weeks, GM has reached a high of $50.50, while it has fallen to a 52-week low of $26.30. The 50-Day Moving Average of the stock is 3.65%, while the 200-Day Moving Average is calculated to be 9.80%.
Shares Statistics:
GM traded an average of 14.00M shares per day over the past three months and 13508570 shares per day over the past ten days. A total of 1.20B shares are outstanding, with a floating share count of 1.12B. Insiders hold about 0.20% of the company’s shares, while institutions hold 87.94% stake in the company. Shares short for GM as of 1727654400 were 30674661 with a Short Ratio of 2.19, compared to 1724976000 on 40368887. Therefore, it implies a Short% of Shares Outstanding of 30674661 and a Short% of Float of 3.1199999999999997.
Dividends & Splits
With its trailing 12-month dividend rate of 0.42, GM has a forward annual dividend rate of 0.45. Against a Trailing Annual Dividend Yield of 0.008762779The stock’s 5-year Average Dividend Yield is 4.06.
