General Motors Company [GM] gain 31.94% so far this year. What now?

General Motors Company [NYSE: GM] stock went on a downward path that fall over -1.26% on Friday, amounting to a one-week price decrease of less than -0.94%. The company report on July 22, 2021 that GM Announces 2021 Q2 Earnings Conference Call Details.

General Motors Co. (NYSE: GM) will release its second-quarter 2021 financial results on Wednesday, Aug. 4, at approximately 7:30 a.m. ET, followed by a conference call for financial analysts at 10 a.m. ET.

Financial materials will be available on the company’s Investor Relations website, http://investor.gm.com, in the Earnings Release section, and on GM’s media website, http://media.gm.com.

Over the last 12 months, GM stock rose by 105.31%. The one-year General Motors Company stock forecast points to a potential upside of 23.16. 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 $80.72 billion, with 1.45 billion shares outstanding and 1.38 billion shares in the current float. Compared to the average trading volume of 15.45M shares, GM stock reached a trading volume of 14491747 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.

Wedbush have made an estimate for General Motors Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 09, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $70 to $74. The new note on the price target was released on June 22, 2021, representing the official price target for General Motors Company stock. Previously, the target price had yet another raise to $76, while Tudor Pickering analysts kept a Buy rating on GM stock.

The Average True Range (ATR) for General Motors Company is set at 1.55, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 20.00. Price to Free Cash Flow for GM in the course of the last twelve months was 7.16 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 -0.94. With this latest performance, GM shares dropped by -8.62% in over the last four-week period, additionally sinking by -0.83% over the last 6 months – not to mention a rise of 105.31% 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 39.20, with the RSI for the last a single of trading hit 37.21, and the three-weeks RSI is set at 41.49 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 58.61, while it was recorded at 55.59 for the last single week of trading, and 51.11 for the last 200 days.

Insight into General Motors Company Fundamentals:

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 $65,297 million, or 83.90% 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 $5.57 billion in GM stocks shares; and VANGUARD GROUP INC, currently with $5.22 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 743 institutional holders increased their position in General Motors Company [NYSE:GM] by around 124,244,878 shares. Additionally, 471 investors decreased positions by around 85,892,092 shares, while 147 investors held positions by with 978,368,948 shares. The mentioned changes placed institutional holdings at 1,188,505,918 shares, according to the latest SEC report filing. GM stock had 267 new institutional investments in for a total of 26,299,081 shares, while 93 institutional investors sold positions of 6,879,244 shares during the same period.

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