General Motors Company [GM] Stock trading around $58.96 per share: What’s Next?

General Motors Company [NYSE: GM] stock went on a downward path that fall over -0.25% on Friday, amounting to a one-week price decrease of less than -2.22%. The company report on July 2, 2021 that GM to Source U.S.-Based Lithium for Next-Generation EV Batteries Through Closed-Loop Process with Low Carbon Emissions.

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Through an agreement with Controlled Thermal Resources, lithium will be sourced in part from California from a more environmentally friendly process than traditional lithium production.

General Motors has agreed to form a strategic investment and commercial collaboration with Controlled Thermal Resources to secure local and low-cost lithium. This lithium will be produced through a closed-loop, direct extraction process that results in a smaller physical footprint, no production tailing and lower carbon dioxide emissions when compared to traditional processes like pit mining or evaporation ponds.

Over the last 12 months, GM stock rose by 133.60%. The one-year General Motors Company stock forecast points to a potential upside of 17.54. The average equity rating for GM stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $85.75 billion, with 1.45 billion shares outstanding and 1.38 billion shares in the current float. Compared to the average trading volume of 16.06M shares, GM stock reached a trading volume of 9699563 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $71.50 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.

Barclays have made an estimate for General Motors Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 22, 2021. While these analysts kept the previous recommendation, Tudor Pickering raised their target price to Buy. The new note on the price target was released on May 19, 2021, representing the official price target for General Motors Company stock. Previously, the target price had yet another raise to $67, while Wells Fargo analysts kept a Overweight rating on GM stock.

The Average True Range (ATR) for General Motors Company is set at 1.34, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 1.76, with the Price to Cash per share for the same quarter was set at 20.20. Price to Free Cash Flow for GM in the course of the last twelve months was 7.61 with Quick ratio for the last quarter at 0.90.

GM Stock Performance Analysis:

General Motors Company [GM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.22. With this latest performance, GM shares dropped by -7.09% in over the last four-week period, additionally plugging by 41.59% over the last 6 months – not to mention a rise of 133.60% 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 46.37, with the RSI for the last a single of trading hit 42.37, and the three-weeks RSI is set at 48.83 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 58.75, while it was recorded at 58.94 for the last single week of trading, and 49.23 for the last 200 days.

Insight into General Motors Company Fundamentals:

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 1.10.

GM Stock EPS

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 13.51%.

General Motors Company [GM] Insider Position Details

There are presently around $70,203 million, or 84.10% of GM stock, in the hands of institutional investors. The top three institutional holders of GM stocks are: BLACKROCK INC. with ownership of 107,944,411, which is approximately 1.543% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 101,299,594 shares of the stock with an approximate value of $5.97 billion in GM stocks shares; and VANGUARD GROUP INC, currently with $5.6 billion in GM stock with ownership of nearly 4.803% of the company’s market capitalization.

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Positions in General Motors Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 746 institutional holders increased their position in General Motors Company [NYSE:GM] by around 126,503,192 shares. Additionally, 456 investors decreased positions by around 83,003,971 shares, while 140 investors held positions by with 981,176,085 shares. The mentioned changes placed institutional holdings at 1,190,683,248 shares, according to the latest SEC report filing. GM stock had 285 new institutional investments in for a total of 26,462,107 shares, while 93 institutional investors sold positions of 7,023,529 shares during the same period.

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