Stocks of General Motors Company (NYSE:GM) traded higher last session on Wall Street, up 1.98% to $43.21.
GM stock price is now 4.09% away from the 50-day moving average and 21.24% away from the 200-day moving average. The market capitalization of the company currently stands at $49.88B.
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 $7.52 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 $3.09 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 $46.04. 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 Auto Manufacturers Company, earnings per share came in at 2.21, beating analysts’ expectations of 1.73 by 0.48. 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 $41.88B in revenue.
