Stocks of General Motors Company (NYSE:GM) traded higher last session on Wall Street, up 1.14% to $43.55.
GM stock price is now 12.59% away from the 50-day moving average and 24.33% away from the 200-day moving average. The market capitalization of the company currently stands at $50.28B.
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, Harvey Rory, Executive Vice President sold 5,100 shares of the company’s stock on Mar 21 ’24. The stock was sold for $219,504 at an average price of $43.04. Upon completion of the transaction, the Executive Vice President now directly owns 12,658 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, Vice President & CAO Hatto Christopher sold 6,000 shares of the business’s stock. A total of $252,060 was realized by selling the stock at an average price of $42.01. This leaves the insider owning 15,507 shares of the company worth $0.68 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 $43.65. 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 $145.89B, which is based on a 5.96 price-to-earnings ratio, a 0.52 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for GM is $38.68 and a two-hundred day moving average price translates $35.03 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 $1.14, beating analysts’ expectations of $1.07 by 0.07. 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 $38.27B in revenue.
