Gains May Be On The Menu For General Motors Company (NYSE: GM)

Currently, there are 1.20B common shares owned by the public and among those 1.12B shares have been available to trade.

The company’s stock has a 5-day price change of 5.61% and -4.14% over the past three months. GM shares are trading 21.05% year to date (YTD), with the 12-month market performance up to 19.91% higher. It has a 12-month low price of $26.30 and touched a high of $50.50 over the same period. GM has an average intraday trading volume of 14.76 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 -4.21%, -5.59%, and 8.97% respectively.

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Institutional ownership of General Motors Company (NYSE: GM) shares accounts for 95.48% of the company’s 1.20B shares outstanding.

It has a market capitalization of $48.87B and a beta (3y monthly) value of 1.42. The stock’s trailing 12-month PE ratio is 4.89, while the earnings-per-share (ttm) stands at $8.89. The company has a PEG of 0.38 and a Quick Ratio of 0.99 with the debt-to-equity ratio at 1.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.56% over the week and 3.19% over the month.

Earnings per share for the fiscal year are expected to increase by 28.54%, and -2.20% over the next financial year. EPS should grow at an annualized rate of 12.85% over the next five years, compared to 5.58% over the past 5-year period.

Morgan Stanley coverage for the General Motors Company (GM) stock in a research note released on July 24, 2024 offered a Equal-Weight rating with a price target of $47. Bernstein was of a view on April 25, 2024 that the stock is Outperform, while Piper Sandler gave the stock Neutral rating on March 15, 2024, issuing a price target of $44. Redburn Atlantic on their part issued Neutral rating on January 24, 2024.

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