How To Invest In General Motors Company (NYSE: GM) Stock. Performance & Trends

In today’s recent session, 2.48 million shares of the General Motors Company (NYSE:GM) have been traded, and its beta is 1.51. Most recently the company’s share price was $45.47, and it changed around $0.12 or 0.26% from the last close, which brings the market valuation of the company to $52.49B. GM at last check was trading at a discount to its 52-week high of $45.53, offering almost -0.13% off that amount. The share price’s 52-week low was $26.30, which indicates that the recent value has risen by an impressive 42.16% since then. We note from General Motors Company’s average daily trading volume that its 10-day average is 15.69 million shares, with the 3-month average coming to 18.44 million.

General Motors Company stock received a consensus recommendation rating of Buy, based on a mean score of 1.83. If we narrow it down even further, the data shows that 1 out of 27 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 7 recommended GM as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. General Motors Company is expected to report earnings per share of $2.04 for the current quarter.

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General Motors Company (NYSE:GM) trade information

Instantly GM has been showing a green trend so far today with a performance of 0.26% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 26.59% year-to-date, but still up 5.60% over the last five days. On the other hand, General Motors Company (NYSE:GM) is 10.96% up in the 30-day period. We can see from the shorts that 82.52 million shares have been sold at a short interest cover period of 4.43 day(s).

The consensus price target as assigned by Wall Street analysts is $61.52, which translates to bulls needing to increase their stock price by 26.09% from its current value. Analyst projections state that GM is forecast to be at a low of $29 and a high of $100.

General Motors Company (GM) estimates and forecasts

General Motors Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 37.12 percent over the past six months and at a 17.19% annual growth rate that is well above the industry average of 11.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -7.70% in revenue this quarter, and will report an increase of 19.90% in the next quarter. The year-over-year growth rate is expected to be 2.30%, up from the previous year.

Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $41.58 billion in revenue for the current quarter. 10 analysts expect General Motors Company to make $44.68 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $39.98 billion and $44.75 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.00%. Forecasts for the next quarter put sales growth at -0.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.58%. General Motors Company earnings are expected to increase by 13.58% in 2024, but the outlook is positive 11.35% per year for the next five years.

GM Dividends

General Motors Company’s next quarterly earnings report is expected to be released on April 23. The annual dividend yield of the stock is 0.86 percent and its annual dividend per share was 0.39. It is important to note, however, that the 0.86% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 0.29% of General Motors Company shares, and 96.53% of them are in the hands of institutional investors. The stock currently has a share float of 96.81%. General Motors Company stock is held by 1,648 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 9.57% of the shares, which is about 131.65 million shares worth $5.08 billion.

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

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 41.14 million shares worth $1.59 billion, making up 2.99% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 33.1 million shares worth around $1.28 billion, which represents about 2.41% of the total shares outstanding.