The stock of General Motors Company (NYSE:GM) last traded at $40.82, up 0.32% from the previous session.
GM stock price is now 7.23% away from the 50-day moving average and 17.25% away from the 200-day moving average. The market capitalization of the company currently stands at $47.12B.
With the price target of $44, Piper Sandler recently initiated with Neutral rating for General Motors Company (NYSE: GM). On January 24, 2024, Redburn Atlantic recently initiated its ‘Neutral’ rating on the stock quoting a target price of $40, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Glidden Craig B., Executive Vice President & GC sold 52,433 shares of the company’s stock on Feb 26 ’24. The stock was sold for $2,102,039 at an average price of $40.09. Upon completion of the transaction, the Executive Vice President & GC now directly owns 224,326 shares in the company, valued at $9.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, Vice President & CAO Hatto Christopher sold 15,510 shares of the business’s stock. A total of $620,727 was realized by selling the stock at an average price of $40.02. This leaves the insider owning 21,507 shares of the company worth $0.88 million. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, General Motors Company has had a low of $26.30 and a high of $41.80. As of last week, the company has a debt-to-equity ratio of 1.91, a current ratio of 1.08, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $143.16B, which is based on a 5.58 price-to-earnings ratio, a 0.49 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for GM is $38.18 and a two-hundred day moving average price translates $34.86 for the stock.
The latest earnings results from General Motors Company (NYSE: GM) was released for Dec, 2023. According to the Auto Manufacturers Company, earnings per share came in at $1.24, beating analysts’ expectations of $1.16 by 0.08. This compares to $1.42 EPS in the same period last year. The net profit margin was 5.83% and return on equity was 15.33% for GM. The company reported revenue of $42.98 billion for the quarter, compared to $43.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.3 percent. For the current quarter, analysts expect GM to generate $41.58B in revenue.
