General Motors Company (NYSE:GM) shares, rose in value, with the stock price up by 1.26% to the previous day’s close as strong demand from buyers drove the stock to $44.23.
Actively observing the price movement in the last trading, the stock closed the session at $43.68. The value of beta (5-year monthly) was 1.50 whereas the PE ratio was 6.05 over 12-month period. Referring to stock’s 52-week performance, its high was $46.04, and the low was $26.30. On the whole, GM has fluctuated by 10.16% over the past month.
With the market capitalization of General Motors Company currently standing at about $51.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024. The company’s Forward Dividend Ratio is 0.39, with its dividend yield at 0.88%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.07, which is expected to increase to $2.6 for fiscal year $8.99 and then to about $9.24 by fiscal year 2025. Data indicates that the EPS growth is expected to be 17.10% in 2025, while the next year’s EPS growth is forecast to be 2.80%.
Analysts have estimated the company’s revenue for the quarter at $41.82 billion, with a low estimate of $39.81 billion and a high estimate of $44.51 billion. According to the average forecast, sales growth in current quarter could jump up 4.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $175.85 billion, representing an increase of 2.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that GM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.53, with the price of GM currently trading nearly 4.54% and 10.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.67, while the 7-day volatility ratio is showing 2.48% which for the 30-day chart, stands at 2.39%. Furthermore, General Motors Company (GM)’s beta value is 1.51, and its average true range (ATR) is 1.02.
A comparison of General Motors Company (GM) with its peers suggests the former has fared considerably weaker in the market. GM showed an intraday change of 1.26% in last session, and over the past year, it grew by 23.75%%.
Data on historical trading for General Motors Company (NYSE:GM) indicates that the trading volumes over the past 10 days have averaged 14.76 million and over the past 3 months, they’ve averaged 18.17 million. According to company’s latest data on outstanding shares, there are 1.20 billion shares outstanding.
Nearly 0.27% of General Motors Company’s shares belong to company insiders and institutional investors own 95.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 82.52 million shares as on Mar 15, 2024, resulting in a short ratio of 4.43. According to the data, the short interest in General Motors Company (GM) stood at 7.15% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 96.43 million. The stock has risen by 23.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GM stock heading into the next quarter.
