Why Should You Invest In General Motors Company (NYSE: GM)?

In the latest trading session, 4.43 million General Motors Company (NYSE:GM) shares changed hands as the company’s beta touched 1.45. With the company’s most recent per share price at $27.78 changed hands at -$0.74 or -2.58% at last look, the market valuation stands at $38.05B. GM’s current price is a discount, trading about -57.06% off its 52-week high of $43.63. The share price had its 52-week low at $26.30, which suggests the last value was 5.33% up since then. When we look at General Motors Company’s average trading volume, we note the 10-day average is 18.57 million shares, with the 3-month average coming to 14.74 million.

Analysts gave the General Motors Company (GM) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.96. If we narrow down to specifics, the data shows that 1 out of 24 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 9 recommended GM as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. General Motors Company’s EPS for the current quarter is expected to be $1.07.

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General Motors Company (NYSE:GM) trade information

Instantly GM was in red as seen in intraday trades today. With action -1.47%, the performance over the past five days has been red. The drop to weekly highs of 28.77 on Monday, 11/20/23 subtracted -2.58% to the stock’s daily price. The company’s shares are showing year-to-date downside of -17.40%, with the 5-day performance at -1.47% in the red. However, in the 30-day time frame, General Motors Company (NYSE:GM) is -4.91% down. Looking at the short shares, we see there were 28.57 million shares sold at short interest cover period of 1.61 days.

The consensus price target for the stock as assigned by Wall Street analysts is $44.23, meaning bulls need an upside of 37.19% from its recent market value. According to analyst projections, GM’s forecast low is $25.00 with $90.00 as the target high. To hit the forecast high, the stock’s price needs a -223.97% plunge from its current level, while the stock would need to tank 10.01% for it to hit the projected low.

General Motors Company (GM) estimates and forecasts

Data shows that the General Motors Company share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.86% over the past 6 months, a -6.46% in annual growth rate that is considerably lower than the industry average of 15.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for General Motors Company will fall -49.50%, while the growth in revenue is estimated to hit -18.60% for the next quarter. Year-over-year growth is forecast to reach 7.60% up from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $39.58 billion. 4 analysts are of the opinion that General Motors Company’s revenue for the quarter ending Mar 2024 will be $41.77 billion. The company’s revenue for the corresponding quarters a year ago was $43.11 billion and $39.98 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.20%. The estimates for the next quarter sales put growth at 4.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 240.48%. The 2023 estimates are for General Motors Company earnings to decrease by -1.61%, but the outlook for the next 5-year period is at 3.75% per year.

GM Dividends

General Motors Company is expected to release its next quarterly earnings report between January 29 and February 02. The 1.23% annual yield figure for the share gives it an annual dividend of 0.34. It is important to note, however, that the 1.23% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

General Motors Company (NYSE:GM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.20% of General Motors Company shares while 83.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.11%. There are 83.95% institutions holding the General Motors Company stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 9.57% of the shares, roughly 131.65 million GM shares worth $5.08 billion.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 7.99% or 109.88 million shares worth $4.24 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 41.14 million shares estimated at $1.59 billion under it, the former controlled 2.99% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.41% of the shares, roughly 33.1 million shares worth around $1.28 billion.

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