General Motors Company (NYSE: GM) is -6.06% lower on its value in year-to-date trading and has touched a low of $34.93 and a high of $61.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GM stock was last observed hovering at around $54.92 in the last trading session, with the day’s loss setting it -4.88%.
Currently trading at $50.04, the stock is -4.31% and -6.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.72 million and changing -8.89% at the moment leaves the stock 3.28% off its SMA200. GM registered 42.32% gain for a year compared to 6-month gain of 13.42%. The firm has a 50-day simple moving average (SMA 50) of $53.4336 and a 200-day simple moving average (SMA200) of $48.4524.
The stock witnessed a -6.48% loss in the last 1 month and extending the period to 3 months gives it a -5.08%, and is -7.14% 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 2.63% over the week and 2.84% over the month.
General Motors Company (GM) has around 163000 employees, a market worth around $55.02B and $187.44B in sales. Current P/E ratio is 8.14 and Fwd P/E is 4.33. Profit margin for the company is 3.84%. Distance from 52-week low is 43.26% and -18.29% from its 52-week high. The company has generated returns on investments over the last 12 months (4.69%).
with sales reaching $45.69B over the same period.The EPS is expected to grow by 2.70% this year, but quarterly earnings will post -3.12% year-over-year. Quarterly sales are estimated to grow 6.23% in year-over-year returns.
General Motors Company (GM) Top Institutional Holders
1732.0 institutions hold shares in General Motors Company (GM), with institutional investors hold 86.98% of the company’s shares. The shares outstanding are 1.10B, and float is at 1.10B with Short Float at 2.88%. Institutions hold 86.79% 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 Harvey Rory, the company’s Executive Vice President. SEC filings show that Harvey Rory sold 8,919 shares of the company’s common stock on Nov 25 ’24 at a price of $60.01 per share for a total of $0.54 million. Following the sale, the insider now owns 8513.0 shares.
Still, SEC filings show that on Nov 18 ’24, Glidden Craig B. (Executive Vice President & GC) disposed off 383,142 shares at an average price of $56.63 for $21.7 million. The insider now directly holds 122,465 shares of General Motors Company (GM).
