General Motors Company [NYSE: GM] traded at a high on 11/18/22, posting a 2.92 gain after which it closed the day’ session at $39.77. The company report on November 17, 2022 that GM Raises 2022 Guidance and Expects North American EV Portfolio to be Profitable in 2025 as Annual Capacity Tops 1 Million.
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Company outlines key near term performance indicators.
General Motors Co. (NYSE: GM) expects its rapidly growing portfolio of electric vehicles will be solidly profitable in 2025 in North America as the company scales EV capacity in the region to more than 1 million units annually, ramps up its software revenue opportunities, generates significant greenhouse gas benefits and realizes the positive impacts of new clean energy tax credits, the company told investors today at a meeting in New York City.
The results of the trading session contributed to over 22022851 shares changing hands. Over the past one week, the price volatility of General Motors Company stands at 3.66% while the volatility over the past one month is 3.48%.
The market cap for GM stock reached $54.90 billion, with 1.45 billion shares outstanding and 1.35 billion shares in the current float. Compared to the average trading volume of 15.20M shares, GM reached a trading volume of 22022851 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 $48.51 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 2.20. 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.
Wolfe Research have made an estimate for General Motors Company shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on November 10, 2022. While these analysts kept the previous recommendation, UBS dropped their target price from $56 to $38. The new note on the price target was released on October 10, 2022, representing the official price target for General Motors Company stock. On May 12, 2022, analysts decreased their price target for GM shares from 74 to 33.
The Average True Range (ATR) for General Motors Company is set at 1.41, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 21.96. Price to Free Cash Flow for GM in the course of the last twelve months was 7.03 with Quick ratio for the last quarter at 1.00.
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 -3.28. With this latest performance, GM shares gained by 18.93% in over the last four-week period, additionally plugging by 12.34% over the last 6 months – not to mention a drop of -36.19% 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 57.79, with the RSI for the last a single of trading hit 57.71, and the three-weeks RSI is set at 56.75 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 36.91, while it was recorded at 39.41 for the last single week of trading, and 38.67 for the last 200 days.
General Motors Company [GM]: Deeper insight into the 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 1.00 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 $45,917 million, or 82.80% of GM stock, in the hands of institutional investors. The top three institutional holders of GM stocks are: BLACKROCK INC. with ownership of 129,568,929, which is approximately -0.963% of the company’s market cap and around 4.98% of the total institutional ownership; VANGUARD GROUP INC, holding 111,810,845 shares of the stock with an approximate value of $4.45 billion in GM stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $3.1 billion in GM stock with ownership of nearly -9.516% 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 540 institutional holders increased their position in General Motors Company [NYSE:GM] by around 52,637,110 shares. Additionally, 584 investors decreased positions by around 88,054,276 shares, while 186 investors held positions by with 1,013,877,563 shares. The mentioned changes placed institutional holdings at 1,154,568,949 shares, according to the latest SEC report filing. GM stock had 88 new institutional investments in for a total of 6,103,680 shares, while 115 institutional investors sold positions of 9,560,897 shares during the same period.