General Motors Company (NYSE: GM) is 59.83% higher on its value in year-to-date trading and has touched a low of $26.64 and a high of $58.22 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 $57.66 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $57.41, the stock is 9.09% and 16.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.17 million and changing -0.43% at the moment leaves the stock 26.67% off its SMA200. GM registered 113.82% gain for a year compared to 6-month gain of 27.49%. The firm has a 50-day simple moving average (SMA 50) of $49.1476 and a 200-day simple moving average (SMA200) of $45.32075.
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The stock witnessed a 18.05% loss in the last 1 month and extending the period to 3 months gives it a 31.64%, and is 6.91% 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 3.18% over the week and 2.95% over the month.
General Motors Company (GM) has around 163000 employees, a market worth around $63.13B and $182.72B in sales. Current P/E ratio is 6.13 and Fwd P/E is 5.42. Profit margin for the company is 6.02%. Distance from 52-week low is 115.54% and -1.39% from its 52-week high. The company has generated returns on investments over the last 12 months (6.76%).
with sales reaching $41.84B over the same period.The EPS is expected to grow by 34.92% this year, but quarterly earnings will post 5.80% year-over-year. Quarterly sales are estimated to shrink -2.70% in year-over-year returns.
General Motors Company (GM) Top Institutional Holders
1745.0 institutions hold shares in General Motors Company (GM), with institutional investors hold 90.64% of the company’s shares. The shares outstanding are 1.20B, and float is at 1.10B with Short Float at 2.70%. Institutions hold 90.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 110.25 million shares valued at $5.12 billion. The investor’s holdings represent 9.5453% of the GM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 95.06 million shares valued at $4.42 billion to account for 8.2304 of the shares outstanding. The other top investors are STATE STREET CORP which holds 51.37 million shares representing 4.448% and valued at over $2.39 billion, while CAPITAL WORLD INVESTORS holds 4.191 of the shares totaling 48.41 million with a market value of $2.25 billion.
General Motors Company (GM) Insider Activity
The most recent transaction is an insider sale by Barra Mary T, the company’s Chair & CEO. SEC filings show that Barra Mary T sold 206,824 shares of the company’s common stock on Nov 11 ’24 at a price of $57.60 per share for a total of $11.91 million. Following the sale, the insider now owns 0.69 million shares.
Still, SEC filings show that on Nov 06 ’24, Reuss Mark L (President) disposed off 122,283 shares at an average price of $55.16 for $6.75 million. The insider now directly holds 126,907 shares of General Motors Company (GM).
