General Motors Company (NYSE:GM) shares traded 0.11% higher at $45.40 on Wall Street last session.
GM stock price is now 15.23% away from the 50-day moving average and 29.01% away from the 200-day moving average. The market capitalization of the company currently stands at $52.41B.
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 50,280 shares of the company’s stock on Mar 28 ’24. The stock was sold for $2,274,667 at an average price of $45.24. Upon completion of the transaction, the Executive Vice President & GC now directly owns 174,046 shares in the company, valued at $7.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 28 ’24, Executive Vice President Johnson Gerald sold 27,122 shares of the business’s stock. A total of $1,227,542 was realized by selling the stock at an average price of $45.26. This leaves the insider owning 71,506 shares of the company worth $3.25 million. A total of 0.27% 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 $45.53. 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 $148.59B, which is based on a 6.21 price-to-earnings ratio, a 0.55 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for GM is $39.88 and a two-hundred day moving average price translates $35.20 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.
