General Motors Company [NYSE: GM] stock went on a downward path that fall over -0.51% on Monday, amounting to a one-week price increase of more than 0.62%.
Over the last 12 months, GM stock rose by 66.83%. The one-year General Motors Company stock forecast points to a potential upside of 11.12. The average equity rating for GM stock is currently 2.21, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $54.99 billion, with 1.20 billion shares outstanding and 1.12 billion shares in the current float. Compared to the average trading volume of 13.75M shares, GM stock reached a trading volume of 11423069 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $55.05 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.
DZ Bank have made an estimate for General Motors Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 11, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $47 to $42. The new note on the price target was released on September 25, 2024, representing the official price target for General Motors Company stock. Previously, the target price had yet another raise to $53, while Bernstein analysts kept a Mkt Perform rating on GM stock.
The Average True Range (ATR) for General Motors Company is set at 1.21, with the Price to Sales ratio for GM stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 29.79.
GM Stock Performance Analysis:
General Motors Company [GM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.62. With this latest performance, GM shares gained by 0.10% in over the last four-week period, additionally plugging by 13.24% over the last 6 months – not to mention a rise of 66.83% 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 59.90, with the RSI for the last a single of trading hit 62.98, and the three-weeks RSI is set at 57.67 for General Motors Company [GM]. The present Moving Average for the last 50 days of trading for this stock 46.99, while it was recorded at 48.87 for the last single week of trading, and 43.88 for the last 200 days.
Insight into General Motors Company Fundamentals:
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.
GM Stock EPS
With the latest financial reports released by the company, General Motors Company posted 2.28/share EPS, while the average EPS was predicted by analysts to be reported at 1.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.44. 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 9.77%.
General Motors Company [GM] Institutonal Ownership Details
There are presently around $88.21%, or 88.42%% 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%.
