Currently, there are 1.20B common shares owned by the public and among those 1.15B shares have been available to trade.
However, the script later moved the day high at 40.82, up 3.33%. The company’s stock has a 5-day price change of 3.01% and 19.71% over the past three months. GM shares are trading 13.28% year to date (YTD), with the 12-month market performance up to 18.53% higher. It has a 12-month low price of $26.30 and touched a high of $41.80 over the same period. GM has an average intraday trading volume of 17.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.15%, 7.19%, and 17.00% respectively.
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Institutional ownership of General Motors Company (NYSE: GM) shares accounts for 96.04% of the company’s 1.20B shares outstanding.
It has a market capitalization of $46.97B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 5.57, while the earnings-per-share (ttm) stands at $7.31. The company has a PEG of 0.49 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 1.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.72% over the week and 2.31% over the month.
Analysts forecast that General Motors Company (GM) will achieve an EPS of $2.04 for the current quarter, $2.3 for the next quarter and $9.09 for 2025. The lowest estimate earnings-per-share for the quarter is $1.68 while analysts give the company a high EPS estimate of $2.43. Comparatively, EPS for the current quarter was $2.21 a year ago. Earnings per share for the fiscal year are expected to increase by 13.61%, and 1.53% over the next financial year. EPS should grow at an annualized rate of 11.35% over the next five years, compared to 5.58% over the past 5-year period.
Looking at the support for the GM, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on March 15, 2024, with the firm’s price target at $44. Redburn Atlantic coverage for the General Motors Company (GM) stock in a research note released on January 24, 2024 offered a Neutral rating with a price target of $40. Wolfe Research was of a view on January 04, 2024 that the stock is Outperform, while Mizuho gave the stock Buy rating on December 04, 2023, issuing a price target of $38- $42. HSBC Securities on their part issued Buy rating on December 04, 2023.
