why General Motors Company [GM] is a Good Choice for Investors After New Price Target of $49.50

General Motors Company [NYSE: GM] jumped around 0.13 points on Friday, while shares priced at $32.89 at the close of the session, up 0.40%. The company report on October 12, 2022 that SunPower and General Motors to Power Homes of the Future with Electric Vehicles.

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Collaboration enables bi-directional charging starting with the retail launch of the 2024 Chevrolet Silverado EV, helping homeowners take more control of their energy needs .

SunPower named GM’s exclusive solar provider and a preferred EV charger installer.

General Motors Company stock is now -43.90% down from its year-to-date (YTD) trading value. GM Stock saw the intraday high of $33.22 and lowest of $32.45 per share. The company’s 52-week high price is 67.21, which means current price is +8.44% above from all time high which was touched on 01/05/22.

Compared to the average trading volume of 14.62M shares, GM reached a trading volume of 11981932 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $49.50 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 2.00. 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.

UBS have made an estimate for General Motors Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 10, 2022. The new note on the price target was released on July 18, 2022, representing the official price target for General Motors Company stock. Previously, the target price had yet another drop from $74 to $33, while Wells Fargo kept a Underweight rating on GM stock.

The Average True Range (ATR) for General Motors Company is set at 1.56, 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 0.75, with the Price to Cash per share for the same quarter was set at 18.48. Price to Free Cash Flow for GM in the course of the last twelve months was 16.31 with Quick ratio for the last quarter at 0.90.

How has GM stock performed recently?

General Motors Company [GM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.17. With this latest performance, GM shares dropped by -19.11% in over the last four-week period, additionally sinking by -18.04% over the last 6 months – not to mention a drop of -42.99% 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 39.15, with the RSI for the last a single of trading hit 38.90, and the three-weeks RSI is set at 40.78 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 37.42, while it was recorded at 32.45 for the last single week of trading, and 41.11 for the last 200 days.

General Motors Company [GM]: Deeper insight into the 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.

Earnings analysis for General Motors Company [GM]

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 15.70%.

Insider trade positions for General Motors Company [GM]

There are presently around $39,056 million, or 83.10% of GM stock, in the hands of institutional investors. The top three institutional holders of GM stocks are: BLACKROCK INC. with ownership of 130,829,291, which is approximately 7.356% of the company’s market cap and around 4.93% of the total institutional ownership; VANGUARD GROUP INC, holding 107,559,655 shares of the stock with an approximate value of $3.54 billion in GM stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $2.84 billion in GM stock with ownership of nearly 6.213% of the company’s market capitalization.

Positions in General Motors Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 600 institutional holders increased their position in General Motors Company [NYSE:GM] by around 103,010,480 shares. Additionally, 639 investors decreased positions by around 101,100,047 shares, while 173 investors held positions by with 983,348,617 shares. The mentioned changes placed institutional holdings at 1,187,459,144 shares, according to the latest SEC report filing. GM stock had 96 new institutional investments in for a total of 14,686,772 shares, while 193 institutional investors sold positions of 7,448,831 shares during the same period.


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