Market Analysts see General Motors Company [GM] falling to $33. Time to buy?


General Motors Company [NYSE: GM] plunged by -$0.35 during the normal trading session on Friday and reaching a high of $33.13 during the day while it closed the day at $32.31. The company report on June 13, 2022 that GM Defense Announces New Entity to Drive International Expansion.

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GM Defense is taking an important step to further expand its offerings across the globe by announcing a newly formed entity, GM Defense International. The new entity will extend GM Defense’s reach into global markets in support of U.S. allies and partners’ transition to a more electric, autonomous and connected future. GM Defense will continue to operate as a subsidiary of its parent company, General Motors, reporting into GM President Mark Reuss.

Powered by GM, GM Defense leverages proven commercial technologies to develop highly agile, customized solutions to enhance warfighter capability. With reach into GM’s world-class manufacturing and global supply chain, GM Defense can scale to nearly any level of production while providing its customers access to maintenance and support on a global scale. GM Defense will also leverage GM’s $35 billion investment in transformational technologies to support its global defense and government customers’ use of electrification, autonomy and connected vehicles across the battlespace.

General Motors Company stock has also gained 1.73% of its value over the past 7 days. However, GM stock has declined by -18.20% in the 3 months of the year. Over the past six months meanwhile, it has lost -48.50% and lost -44.89% year-on date.

The market cap for GM stock reached $47.63 billion, with 1.46 billion shares outstanding and 1.39 billion shares in the current float. Compared to the average trading volume of 17.22M shares, GM reached a trading volume of 11760845 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 $57.07 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.

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 1.55, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.76, with the Price to Cash per share for the same quarter was set at 17.81. Price to Free Cash Flow for GM in the course of the last twelve months was 6.31 with Quick ratio for the last quarter at 0.90.

GM stock trade performance evaluation

General Motors Company [GM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.73. With this latest performance, GM shares dropped by -15.79% in over the last four-week period, additionally sinking by -48.50% over the last 6 months – not to mention a drop of -42.37% 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 42.35, with the RSI for the last a single of trading hit 43.18, and the three-weeks RSI is set at 42.08 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 35.96, while it was recorded at 32.16 for the last single week of trading, and 48.44 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 $38,286 million, or 83.40% 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 $3.4 billion in GM stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $2.62 billion in GM stock with ownership of nearly -14.61% of the company’s market capitalization.

Positions in General Motors Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 707 institutional holders increased their position in General Motors Company [NYSE:GM] by around 92,761,324 shares. Additionally, 676 investors decreased positions by around 110,047,352 shares, while 185 investors held positions by with 982,164,410 shares. The mentioned changes placed institutional holdings at 1,184,973,086 shares, according to the latest SEC report filing. GM stock had 118 new institutional investments in for a total of 6,873,986 shares, while 230 institutional investors sold positions of 17,933,453 shares during the same period.