General Motors Company (NYSE:GM) shares, rose in value, with the stock price down by -0.04% to the previous day’s close as strong demand from buyers drove the stock to $45.08.
Actively observing the price movement in the last trading, the stock closed the session at $45.10. The PE ratio was 5.51 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 3.51% over the past month.
The company’s Forward Dividend Ratio is 0.39, with its dividend yield at 0.87%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 175.12B, with a low estimate of 41.32B and a high estimate of 48.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 44.47B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 0.49, with the price of GM currently trading nearly 2.67% and 8.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.15, while the 7-day volatility ratio is showing 2.43% which for the 30-day chart, stands at 2.28%. Furthermore, General Motors Company (GM)’s beta value is 1.50, and its average true range (ATR) is 1.09.
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 -0.04% in last session, and over the past year, it grew by 31.47%%.
Data on historical trading for General Motors Company (NYSE:GM) indicates that the trading volumes over the past 3 months, they’ve averaged 17.75 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 95.95% of the company’s shares. The stock has risen by 25.50% 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.
