General Motors Company (NYSE: GM) Hogging The Spotlight Today

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 2.50% and -0.15% over the past three months. GM shares are trading 33.74% year to date (YTD), with the 12-month market performance up to 46.87% 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 14.15 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 0.41%, 3.85%, and 12.71% respectively.

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Institutional ownership of General Motors Company (NYSE: GM) shares accounts for 87.73% of the company’s 1.20B shares outstanding.

It has a market capitalization of $53.99B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 5.40, while the earnings-per-share (ttm) stands at $8.89. The company has a PEG of 0.42 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 2.94% over the week and 2.63% over the month.

Earnings per share for the fiscal year are expected to increase by 29.16%, and -2.73% 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.

Looking at the support for the GM, a number of firms have released research notes about the stock. Bernstein stated their Mkt Perform rating for the stock in a research note on Sep-24-24, with the firm’s price target at $53. Deutsche Bank coverage for the General Motors Company (GM) stock in a research note released on September 10, 2024 offered a Hold rating with a price target of $53. Morgan Stanley on their part issued Equal-Weight rating on July 24, 2024.

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