General Motors Company [NYSE: GM] slipped around -0.31 points on Tuesday, while shares priced at $40.90 at the close of the session, down -0.75%. The company report on December 17, 2020 that GM Defense Begins Build-Out Of North Carolina Facility For Production Of Infantry Squad Vehicle.
GM Defense LLC, a subsidiary of General Motors, announced that it has started renovations of an existing GM building to support the production of the Infantry Squad Vehicle (ISV), a light and agile all-terrain troop carrier intended to transport a nine-Soldier infantry squad. The facility, located in Concord, North Carolina, will produce ISVs for the U.S. Army as part of a $214.3 million contract awarded to GM Defense in June 2020. GM Defense celebrated the delivery of its first ISVs to the U.S. Army in October of the same year, just 120 days from contract award.
Construction at the 75,000-square-foot facility is expected to continue into early spring, and the production line will begin delivering vehicles in April. As GM Defense ramps to full-rate production, the facility will help to manufacture 649 ISVs and will support the production of up to 2,065 vehicles with additional authorization over eight years. The ISV program is the first major award for GM Defense since the subsidiary was re-established by its parent company in 2017.
General Motors Company stock is now 11.75% up from its year-to-date (YTD) trading value. GM Stock saw the intraday high of $41.40 and lowest of $40.55 per share. The company’s 52-week high price is 46.71, which means current price is +185.51% above from all time high which was touched on 11/24/20.
Compared to the average trading volume of 15.05M shares, GM reached a trading volume of 10547166 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about General Motors Company [GM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GM shares is $50.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GM stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for General Motors Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 21, 2020. While these analysts kept the previous recommendation, JP Morgan raised their target price from $35 to $37. The new note on the price target was released on September 09, 2020, representing the official price target for General Motors Company stock.
The Average True Range (ATR) for General Motors Company is set at 1.23, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.52. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 25.16. Price to Free Cash Flow for GM in the course of the last twelve months was 9.72 with Quick ratio for the last quarter at 1.00.
How has GM stock performed recently?
General Motors Company [GM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.82. With this latest performance, GM shares dropped by -4.97% in over the last four-week period, additionally plugging by 61.79% over the last 6 months – not to mention a rise of 11.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GM stock in for the last two-week period is set at 45.00, with the RSI for the last a single of trading hit 36.47, and the three-weeks RSI is set at 50.65 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 39.74, while it was recorded at 41.31 for the last single week of trading, and 29.41 for the last 200 days.
General Motors Company [GM]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and General Motors Company [GM] shares currently have an operating margin of +4.31 and a Gross Margin at +10.51. General Motors Company’s Net Margin is presently recorded at +4.91.
Return on Total Capital for GM is now 3.97, given the latest momentum, and Return on Invested Capital for the company is 6.10. Return on Equity for this stock inclined to 16.69, with Return on Assets sitting at 2.96. When it comes to the capital structure of this company, General Motors Company [GM] has a Total Debt to Total Equity ratio set at 250.22. Additionally, GM Total Debt to Total Capital is recorded at 71.45, with Total Debt to Total Assets ending up at 45.86. Long-Term Debt to Equity for the company is recorded at 160.16, with the Long-Term Debt to Total Capital now at 45.73.
Reflecting on the efficiency of the workforce at the company, General Motors Company [GM] managed to generate an average of $41,049 per employee. Receivables Turnover for the company is 4.11 with a Total Asset Turnover recorded at a value of 0.60.General Motors Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.
Earnings analysis for General Motors Company [GM]
With the latest financial reports released by the company, General Motors Company posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 400.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for General Motors Company go to 8.50%.
Insider trade positions for General Motors Company [GM]
There are presently around $46,180 million, or 80.20% of GM stock, in the hands of institutional investors. The top three institutional holders of GM stocks are: BLACKROCK INC. with ownership of 106,268,246, which is approximately 1.043% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 94,336,528 shares of the stock with an approximate value of $3.86 billion in GM stocks shares; and CAPITAL WORLD INVESTORS, currently with $3.73 billion in GM stock with ownership of nearly -3.391% of the company’s market capitalization.
Positions in General Motors Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 403 institutional holders increased their position in General Motors Company [NYSE:GM] by around 95,686,811 shares. Additionally, 447 investors decreased positions by around 82,480,528 shares, while 136 investors held positions by with 950,920,979 shares. The mentioned changes placed institutional holdings at 1,129,088,318 shares, according to the latest SEC report filing. GM stock had 113 new institutional investments in for a total of 8,641,514 shares, while 107 institutional investors sold positions of 15,437,998 shares during the same period.