General Motors Company [NYSE: GM] gained 1.54% or 0.87 points to close at $57.53 with a heavy trading volume of 10808454 shares. The company report on April 19, 2021 that Mapbox Launches Dash: Beautiful In-car Navigation, Live Traffic, Streaming Music All-in-one Application.
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It opened the trading session at $56.77, the shares rose to $57.7382 and dropped to $56.43, the range by which the price of stock traded the whole day. The daily chart for GM points out that the company has recorded 60.83% gains over the past six months. However, it is still -185.93% lower than its most recent low trading price.
If we look at the average trading volume of 21.83M shares, GM reached to a volume of 10808454 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $67.19 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 1.80. 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.
Wells Fargo have made an estimate for General Motors Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 05, 2021. The new note on the price target was released on January 14, 2021, representing the official price target for General Motors Company stock. Previously, the target price had yet another raise from $27 to $60, while Nomura kept a Buy rating on GM stock. On December 21, 2020, analysts increased their price target for GM shares from 47 to 51.
The Average True Range (ATR) for General Motors Company is set at 1.93, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 1.83, with the Price to Cash per share for the same quarter was set at 20.46. Price to Free Cash Flow for GM in the course of the last twelve months was 7.63 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for GM stock
General Motors Company [GM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.01. With this latest performance, GM shares gained by 3.08% in over the last four-week period, additionally plugging by 60.83% over the last 6 months – not to mention a rise of 167.33% 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 49.53, with the RSI for the last a single of trading hit 47.26, and the three-weeks RSI is set at 51.57 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 56.27, while it was recorded at 57.07 for the last single week of trading, and 41.70 for the last 200 days.
General Motors Company [GM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and General Motors Company [GM] shares currently have an operating margin of +5.99 and a Gross Margin at +16.80. General Motors Company’s Net Margin is presently recorded at +5.25.
Return on Total Capital for GM is now 4.71, given the latest momentum, and Return on Invested Capital for the company is 5.64. Return on Equity for this stock inclined to 14.81, with Return on Assets sitting at 2.77. When it comes to the capital structure of this company, General Motors Company [GM] has a Total Debt to Total Equity ratio set at 246.66. Additionally, GM Total Debt to Total Capital is recorded at 71.15, with Total Debt to Total Assets ending up at 47.23. Long-Term Debt to Equity for the company is recorded at 164.22, with the Long-Term Debt to Total Capital now at 47.37.
Reflecting on the efficiency of the workforce at the company, General Motors Company [GM] managed to generate an average of $41,465 per employee. Receivables Turnover for the company is 3.62 with a Total Asset Turnover recorded at a value of 0.53.General Motors Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.
General Motors Company [GM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, General Motors Company posted 0.62/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 106.70%. 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 11.74%.
An analysis of insider ownership at General Motors Company [GM]
There are presently around $66,147 million, or 81.40% of GM stock, in the hands of institutional investors. The top three institutional holders of GM stocks are: BLACKROCK INC. with ownership of 106,303,679, which is approximately 0.033% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 90,641,771 shares of the stock with an approximate value of $5.21 billion in GM stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $5.18 billion in GM stock with ownership of nearly 27.415% of the company’s market capitalization.
Positions in General Motors Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 619 institutional holders increased their position in General Motors Company [NYSE:GM] by around 110,139,007 shares. Additionally, 416 investors decreased positions by around 90,095,097 shares, while 125 investors held positions by with 949,541,723 shares. The mentioned changes placed institutional holdings at 1,149,775,827 shares, according to the latest SEC report filing. GM stock had 273 new institutional investments in for a total of 16,865,648 shares, while 66 institutional investors sold positions of 2,944,141 shares during the same period.