General Motors Company [NYSE: GM] gained 1.46% on the last trading session, reaching $46.48 price per share at the time.
If compared to the average trading volume of 13.59M shares, GM reached a trading volume of 12324198 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $54.64 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 2.21. 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.
Morgan Stanley have made an estimate for General Motors Company shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 25, 2024. The new note on the price target was released on September 23, 2024, representing the official price target for General Motors Company stock. Previously, the target price had yet another raise to $53, while Deutsche Bank analysts kept a Hold rating on GM stock.
The Average True Range (ATR) for General Motors Company is set at 1.43, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 29.79.
Trading performance analysis for GM stock
General Motors Company [GM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.91. With this latest performance, GM shares dropped by -5.24% in over the last four-week period, additionally plugging by 2.49% over the last 6 months – not to mention a rise of 43.68% 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 47.39, with the RSI for the last a single of trading hit 44.62, and the three-weeks RSI is set at 48.93 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 45.99, while it was recorded at 46.83 for the last single week of trading, and 42.96 for the last 200 days.
General Motors Company [GM]: A deeper dive into fundamental analysis
General Motors Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 1.18.
General Motors Company [GM]: An earnings per share (EPS) analysis
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 12.85%.
An analysis of Institutional ownership at General Motors Company [GM]
There are presently around $88.36%, or 88.57%% of GM stock, in the hands of institutional investors. The top three institutional holders of GM stocks are: BLACKROCK INC. with ownership of 110.25 million shares, which is approximately 9.5453%. VANGUARD GROUP INC, holding 95.06 million shares of the stock with an approximate value of $$4.42 billion in GM stocks shares; and VANGUARD GROUP INC, currently with $$2.39 billion in GM stock with ownership which is approximately 4.448%.
