General Motors Company (GM) Stock Could Soon Reward Patient Investors

General Motors Company (NYSE: GM) is 7.35% higher on its value in year-to-date trading and has touched a low of $26.30 and a high of $43.63 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GM stock was last observed hovering at around $38.65 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $38.56, the stock is 5.57% and 8.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.07 million and changing -0.23% at the moment leaves the stock 13.56% off its SMA200. GM registered -7.24% loss for a year compared to 6-month gain of 12.88%. The firm has a 50-day simple moving average (SMA 50) of $0.82 and a 200-day simple moving average (SMA200) of $6.06.

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The stock witnessed a 6.20% loss in the last 1 month and extending the period to 3 months gives it a 39.91%, and is -0.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.18% over the week and 2.46% over the month.

General Motors Company (GM) has around Feb 29 2024 employees, a market worth around $44.51B and $171.84B in sales. Current P/E ratio is 5.27 and Fwd P/E is 4.38. Profit margin for the company is 5.83%. Distance from 52-week low is 46.62% and -11.62% from its 52-week high. The company has generated returns on investments over the last 12 months (6.77%).

General Motors Company quarterly earnings per share for the current quarter are estimated at $2.02 with sales reaching $41.73B over the same period.The EPS is expected to grow by 12.06% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 4.40% in year-over-year returns.

General Motors Company (GM) Top Institutional Holders

1,591 institutions hold shares in General Motors Company (GM), with institutional investors hold 99.52% of the company’s shares. The shares outstanding are 1.20B, and float is at 1.15B with Short Float at 8.61%. Institutions hold 99.25% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 131.65 million shares valued at $5.08 billion. The investor’s holdings represent 9.57% of the GM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 109.88 million shares valued at $4.24 billion to account for 7.99% of the shares outstanding. The other top investors are State Street Corporation which holds 58.73 million shares representing 4.27% and valued at over $2.26 billion, while Capital World Investors holds 3.69% of the shares totaling 50.8 million with a market value of $1.96 billion.

General Motors Company (GM) Insider Activity

A total of 0 insider transactions have happened at General Motors Company (GM) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Reuss Mark L ,the company’sPresident. SEC filings show that Reuss Mark L sold 9,300 shares of the company’s common stock on Jul 13 at a price of $41.00 per share for a total of $0.38 million. Following the sale, the insider now owns 0.28 million shares.

General Motors Company disclosed in a document filed with the SEC on May 19 that Jacobson Paul A (Executive Vice President & CFO) bought a total of 31,000 shares of the company’s common stock. The trade occurred on May 19 and was made at $32.60 per share for $1.01 million. Following the transaction, the insider now directly holds 0.19 million shares of the GM stock.

General Motors Company (GM): Who are the competitors?

The company’s main competitors (and peers) include Tesla Inc. (TSLA) that is trading -0.55% down over the past 12 months.