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The closing price of General Motors Company (NYSE: GM) was $46.41 for the day, down -3.53% from the previous closing price of $48.11. In other words, the price has decreased by -$3.53 from its previous closing price. On the day, 16.42 million shares were traded. GM stock price reached its highest trading level at $48.1 during the session, while it also had its lowest trading level at $45.93.
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 0.97 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 1.84 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, Bernstein on April 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $55.
On March 15, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $44.
On January 24, 2024, Redburn Atlantic started tracking the stock assigning a Neutral rating and target price of $40.Redburn Atlantic initiated its Neutral rating on January 24, 2024, with a $40 target price.
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 Jun 11 ’24 when Barra Mary T sold 326,305 shares for $48.33 per share. The transaction valued at 15,770,321 led to the insider holds 898,648 shares of the business.
Barra Mary T sold 300,000 shares of GM for $14,100,000 on Jun 10 ’24. The Chair & CEO now owns 898,648 shares after completing the transaction at $47.00 per share. On Jun 10 ’24, another insider, Reuss Mark L, who serves as the President of the company, sold 35,142 shares for $46.34 each. As a result, the insider received 1,628,480 and left with 126,907 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 52925501440 and an Enterprise Value of 161097859072. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.68, and their Forward P/E ratio for the next fiscal year is 4.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.49. 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 0.84. Its current Enterprise Value per Revenue stands at 0.921 whereas that against EBITDA is 9.544.
Stock Price History:
Over the past 52 weeks, GM has reached a high of $49.35, while it has fallen to a 52-week low of $26.30. The 50-Day Moving Average of the stock is 2.69%, while the 200-Day Moving Average is calculated to be 23.19%.
Shares Statistics:
GM traded an average of 14.11M shares per day over the past three months and 17896120 shares per day over the past ten days. A total of 1.20B shares are outstanding, with a floating share count of 1.14B. Insiders hold about 0.20% of the company’s shares, while institutions hold 93.31% stake in the company. Shares short for GM as of 1715731200 were 62468344 with a Short Ratio of 4.13, compared to 1713139200 on 62755868. Therefore, it implies a Short% of Shares Outstanding of 62468344 and a Short% of Float of 6.25.
Dividends & Splits
With its trailing 12-month dividend rate of 0.39, GM has a forward annual dividend rate of 0.42. Against a Trailing Annual Dividend Yield of 0.008106423The stock’s 5-year Average Dividend Yield is 4.06.
