General Motors Company [NYSE: GM] closed the trading session at $32.87 on 07/15/22. The dayâ€™s price range saw the stock hit a low of $31.71, while the highest price level was $32.925. The company report on July 14, 2022 that GM and Pilot Company to Build Out Coast-to-Coast EV Fast Charging Network.
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Powered by EVgo eXtend, this network will help enable long-distance electric travel across the U.S.
To accelerate the widespread adoption of EVs, increase access to charging and help enable long-distance electric travel of people and vehicles across the U.S., GM and Pilot Company (Pilot and Flying J) are collaborating on a national DC fast charging network that will be installed, operated and maintained by EVgo through its eXtend offering. This project demonstrates how public and private entities can come together to build out the nation’s charging infrastructure, particularly along American highways, connecting urban and rural communities, the East and West Coasts and different metropolitan areas.
The stocks have a year to date performance of -43.94 percent and weekly performance of 1.73 percent. The stock has been moved at -46.14 percent over the last six months. The stock has performed -0.99 percent around the most recent 30 days and changed -18.27 percent over the most recent 3-months.
If compared to the average trading volume of 17.07M shares, GM reached to a volume of 12947437 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Hereâ€™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 $55.78 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 1.51, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 18.73. Price to Free Cash Flow for GM in the course of the last twelve months was 6.10 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 -0.99% in over the last four-week period, additionally sinking by -46.14% over the last 6 months â€“ not to mention a drop of -42.28% 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 47.75, with the RSI for the last a single of trading hit 52.13, and the three-weeks RSI is set at 45.66 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 35.26, while it was recorded at 31.72 for the last single week of trading, and 47.93 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 Companyâ€™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 Companyâ€™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 $38,931 million, or 83.30% 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 companyâ€™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 $3.46 billion in GM stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $2.67 billion in GM stock with ownership of nearly -14.61% of the companyâ€™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 689 institutional holders increased their position in General Motors Company [NYSE:GM] by around 92,276,227 shares. Additionally, 677 investors decreased positions by around 109,877,187 shares, while 189 investors held positions by with 982,225,937 shares. The mentioned changes placed institutional holdings at 1,184,379,351 shares, according to the latest SEC report filing. GM stock had 111 new institutional investments in for a total of 6,934,548 shares, while 231 institutional investors sold positions of 17,704,080 shares during the same period.