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General Motors Company (NYSE: GM) closed the day trading at $51.54 down -2.26% from the previous closing price of $52.73. In other words, the price has decreased by -$2.26 from its previous closing price. On the day, 13.79 million shares were traded. GM stock price reached its highest trading level at $52.195 during the session, while it also had its lowest trading level at $50.97.
Ratios:
For a better understanding of GM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.29.
On September 25, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $47 to $42.
Bernstein Downgraded its Outperform to Mkt Perform on September 23, 2024, while the target price for the stock was maintained at $53.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 23 ’24 when Harvey Rory sold 9,307 shares for $54.01 per share. The transaction valued at 502,671 led to the insider holds 8,513 shares of the business.
Barra Mary T sold 506,824 shares of GM for $27,029,630 on Oct 23 ’24. The Chair & CEO now owns 694,548 shares after completing the transaction at $53.33 per share. On Oct 23 ’24, another insider, RORY HARVEY, who serves as the Officer of the company, bought 9,307 shares for $54.01 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 57981468672 and an Enterprise Value of 162052161536. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.50, and their Forward P/E ratio for the next fiscal year is 4.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 0.887 whereas that against EBITDA is 8.821.
Stock Price History:
Over the past 52 weeks, GM has reached a high of $54.29, while it has fallen to a 52-week low of $26.30. The 50-Day Moving Average of the stock is 7.40%, while the 200-Day Moving Average is calculated to be 16.14%.
Shares Statistics:
Over the past 3-months, GM traded about 13.13M shares per day on average, while over the past 10 days, GM traded about 14380200 shares per day. A total of 1.20B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 0.20% of the company’s shares, while institutions hold 89.68% stake in the company. Shares short for GM as of 1728950400 were 32760278 with a Short Ratio of 2.49, compared to 1726185600 on 34112376. Therefore, it implies a Short% of Shares Outstanding of 32760278 and a Short% of Float of 3.42.
Dividends & Splits
GM’s forward annual dividend rate is 0.45, up from 0.45 a year ago. Against a Trailing Annual Dividend Yield of 0.008534041The stock’s 5-year Average Dividend Yield is 4.06.
