In yesterday’s Wall Street session, General Motors Company (NYSE:GM) shares traded at $46.04, up 0.44% from the previous session.
GM stock price is now 9.24% away from the 50-day moving average and 28.71% away from the 200-day moving average. The market capitalization of the company currently stands at $52.53B.
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With the price target of $55, Bernstein recently initiated with Outperform rating for General Motors Company (NYSE: GM). On March 15, 2024, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $44, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
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 $8.01 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 $3.29 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 $46.17. As of last week, the company has a debt-to-equity ratio of 1.84, a current ratio of 1.16, and a quick ratio of 0.97.
The net profit margin was 6.08% and return on equity was 15.70% for GM. The company reported revenue of $43.01 billion for the quarter, compared to $39.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.58 percent.
