General Motors Company [NYSE: GM] closed the trading session at $38.21 on 05/13/22. The day’s price range saw the stock hit a low of $36.07, while the highest price level was $38.49. The company report on May 10, 2022 that Red Hat and General Motors Collaborate to Trailblaze the Future of Software-Defined Vehicles.
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Industry leaders intend to redefine the transportation landscape with a continuous functional-safety certified, Linux-based in-vehicle operating system.
Red Hat, Inc., the world’s leading provider of open source solutions, and General Motors (NYSE:GM) today announced a collaboration to help advance software-defined vehicles at the edge. The companies expect to expand an ecosystem of innovation around the Red Hat In-Vehicle Operating System, which provides a functional-safety certified Linux operating system foundation intended for the ongoing evolution of GM’s Ultifi software platform.
The stocks have a year to date performance of -34.83 percent and weekly performance of -3.46 percent. The stock has been moved at -38.19 percent over the last six months. The stock has performed -5.00 percent around the most recent 30 days and changed -21.75 percent over the most recent 3-months.
If compared to the average trading volume of 17.92M shares, GM reached to a volume of 22866773 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $62.17 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 Underweight, with their previous recommendation back on May 12, 2022. While these analysts kept the previous recommendation, Berenberg raised their target price to Buy. The new note on the price target was released on May 10, 2022, representing the official price target for General Motors Company stock. On February 09, 2022, analysts decreased their price target for GM shares from 66 to 56.
The Average True Range (ATR) for General Motors Company is set at 1.89, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 19.35. Price to Free Cash Flow for GM in the course of the last twelve months was 6.87 with Quick ratio for the last quarter at 0.90.
GM stock trade performance evaluation
General Motors Company [GM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.46. With this latest performance, GM shares dropped by -5.00% in over the last four-week period, additionally sinking by -38.19% over the last 6 months – not to mention a drop of -31.77% 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 44.71, with the RSI for the last a single of trading hit 46.41, and the three-weeks RSI is set at 43.61 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 41.08, while it was recorded at 37.60 for the last single week of trading, and 51.45 for the last 200 days.
General Motors Company [GM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and General Motors Company [GM] shares currently have an operating margin of +7.34 and a Gross Margin at +20.30. General Motors Company’s Net Margin is presently recorded at +7.89.
Return on Equity for this stock inclined to 19.12, with Return on Assets sitting at 4.18.
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.
Earnings per share (EPS) analysis for General Motors Company [GM] stock
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 2.90%.
General Motors Company [GM]: Insider Ownership positions
There are presently around $46,088 million, or 84.30% of GM stock, in the hands of institutional investors. The top three institutional holders of GM stocks are: BLACKROCK INC. with ownership of 121,865,221, which is approximately 5.566% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 105,196,379 shares of the stock with an approximate value of $4.02 billion in GM stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $3.63 billion in GM stock with ownership of nearly -0.002% of the company’s market capitalization.
Positions in General Motors Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 746 institutional holders increased their position in General Motors Company [NYSE:GM] by around 107,700,362 shares. Additionally, 638 investors decreased positions by around 76,555,429 shares, while 191 investors held positions by with 1,021,909,007 shares. The mentioned changes placed institutional holdings at 1,206,164,798 shares, according to the latest SEC report filing. GM stock had 147 new institutional investments in for a total of 11,488,309 shares, while 203 institutional investors sold positions of 16,433,324 shares during the same period.