The price of General Motors Company (NYSE:GM) shares last traded on Wall Street fell -8.89% to $50.04.
GM stock price is now -6.35% away from the 50-day moving average and 3.28% away from the 200-day moving average. The market capitalization of the company currently stands at $55.02B.
With the price target maintained at $60, Deutsche Bank recently Upgraded its rating from Hold to Buy for General Motors Company (NYSE: GM). On December 11, 2024, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $58, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Harvey Rory, Executive Vice President sold 8,919 shares of the company’s stock on Nov 25 ’24. The stock was sold for $535,229 at an average price of $60.01. Upon completion of the transaction, the Executive Vice President now directly owns 8,513 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Officer RORY HARVEY bought 8,919 shares of the business’s stock. A total of $535,217 was incurred on buying the stock at an average price of $60.01. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, General Motors Company has had a low of $34.93 and a high of $61.24. As of last week, the company has a debt-to-equity ratio of 2.06, a current ratio of 1.13, and a quick ratio of 0.98. According to the stock market information, the enterprise value for the company is $165768806400, which is based on a 8.14 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for GM is $53.4336 and a two-hundred day moving average price translates $48.4524 for the stock.
The latest earnings results from General Motors Company (NYSE: GM) was released for 2024-09-30. The net profit margin was 3.84% and return on equity was 9.44% for GM. The company reported revenue of $48.76 billion for the quarter, compared to $44.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.48 percent. For the current quarter, analysts expect GM to generate $45.69B in revenue.
