General Motors Company (NYSE:GM) price on Thursday, May 09, rose 0.97% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $45.49.
A look at the stock’s price movement, the level at last check in today’s session was $45.05. The PE ratio in trailing twelve months stood at 5.56. Turning to its 52-week performance, $46.17 and $26.30 were the 52-week high and 52-week low respectively. Overall, GM moved 3.52% over the past month.
General Motors Company’s market cap currently stands at around $51.90 billion. The company has a Forward Dividend ratio of 0.39, with its dividend yield at 0.86%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 45.19B for the company’s revenue for the quarter, with a low and high estimate of 43.68B and 47.58B respectively. The average forecast suggests up to a 1.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 176.19B, representing a 2.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GM is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.49, with GM’s current price about 2.87% and 5.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.51, while 7-day volatility ratio is 1.65% and 2.13% in the 30-day chart. Further, General Motors Company (GM) has a beta value of 1.47, and an average true range (ATR) of 0.97.
If we refocus on General Motors Company (NYSE:GM), historical trading data shows that trading volumes averaged 15.67 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.20 billion shares.
The 0.27% of General Motors Company’s shares are in the hands of company insiders while institutional holders own 97.50% of the company’s shares. Current price change has pushed the stock 26.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GM stock continues to rise going into the next quarter.
