General Motors Company (NYSE: GM) is 28.01% higher on its value in year-to-date trading and has touched a low of $26.30 and a high of $50.50 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 $45.76 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $45.98, the stock is 5.50% and 0.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.72 million and changing 0.48% at the moment leaves the stock 13.65% off its SMA200. GM registered 38.83% gain for a year compared to 6-month gain of 17.87%.
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The stock witnessed a -7.22% loss in the last 1 month and extending the period to 3 months gives it a 1.93%, and is 6.14% up 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 1.52% over the week and 2.91% over the month.
General Motors Company (GM) has around 163000 employees, a market worth around $51.68B and $178.09B in sales. Current P/E ratio is 5.17 and Fwd P/E is 4.76. Profit margin for the company is 6.18%. Distance from 52-week low is 74.83% and -8.95% from its 52-week high. The company has generated returns on investments over the last 12 months (7.01%).
The EPS is expected to grow by 28.54% this year.
General Motors Company (GM) Top Institutional Holders
1753.0 institutions hold shares in General Motors Company (GM), with institutional investors hold 88.43% of the company’s shares. The shares outstanding are 1.20B, and float is at 1.12B with Short Float at 3.14%. Institutions hold 88.21% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 121.68 million shares valued at $5.52 billion. The investor’s holdings represent 9.3452 of the GM Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 95.9 million shares valued at $4.35 billion to account for 7.3657 of the shares outstanding. The other top investors are STATE STREET CORP which holds 52.79 million shares representing 4.0543 and valued at over $2.39 billion, while CAPITAL WORLD INVESTORS holds 3.7456 of the shares totaling 48.77 million with a market value of $2.21 billion.
General Motors Company (GM) Insider Activity
The most recent transaction is an insider purchase by Jacobson Paul A, the company’s Executive Vice President & CFO. SEC filings show that Jacobson Paul A bought 25,000 shares of the company’s common stock on Jul 26 ’24 at a price of $44.11 per share for a total of $1.1 million. Following the purchase, the insider now owns 0.26 million shares.
General Motors Company disclosed in a document filed with the SEC on Jun 11 ’24 that Barra Mary T (Chair & CEO) sold a total of 326,305 shares of the company’s common stock. The trade occurred on Jun 11 ’24 and was made at $48.33 per share for $15.77 million. Following the transaction, the insider now directly holds 0.9 million shares of the GM stock.
Still, SEC filings show that on Jun 10 ’24, Barra Mary T (Chair & CEO) disposed off 300,000 shares at an average price of $47.00 for $14.1 million. The insider now directly holds 898,648 shares of General Motors Company (GM).
