In recent trading session, General Motors Company (NYSE:GM) saw 3.8 million shares changing hands at last check today with its beta currently measuring 1.43. Company’s recent per share price level of $44.98 trading at $1.37 or 3.14% at last check today assigns it a market valuation of $50.55B. That most recent trading price of GM’s stock is at a discount of -12.27% from its 52-week high price of $50.50 and is indicating a premium of 41.53% from its 52-week low price of $26.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.96 million shares which gives us an average trading volume of 14.80 million if we extend that period to 3-months.
For General Motors Company (GM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.97. Splitting up the data highlights that, out of 20 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.4 in the current quarter.
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General Motors Company (NYSE:GM) trade information
Upright in the green today for gaining 3.14%, in the last five days GM remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $44.98 price level, adding 0.33% to its value on the day. General Motors Company’s shares saw a change of 25.22% in year-to-date performance and have moved 5.27% in past 5-day. General Motors Company (NYSE:GM) showed a performance of -9.86% in past 30-days. Number of shares sold short was 35.13 million shares which calculate 2.4 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 56 to the stock, which implies a rise of 19.68% to its recent value today. Analysts have been projecting 34 as a low price target for the stock while placing it at a high target of 100. It follows that stock’s current price would jump 24.41% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.41% for stock’s current value.
General Motors Company (GM) estimates and forecasts
Statistics highlight that General Motors Company is scoring comparatively higher than the scores of other players of the relevant industry. The company added 17.23% of value to its shares in past 6 months, showing an annual growth rate of 29.43% while that of industry is -1.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 4.10% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 44.59B for the same. And 13 analysts are in estimates of company making revenue of 43.09B in the next quarter. Company posted 44.13B and 42.98B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.58% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 28.54% while estimates for its earnings growth in next 5 years are of 12.85%.
GM Dividends
General Motors Company is more likely to be releasing its next quarterly report on 2024-Oct-22 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.93%, the share has a forward dividend of 0.42 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.06%.
General Motors Company (NYSE:GM)’s Major holders
Insiders are in possession of 0.24% of company’s total shares while institution are holding 89.46 percent of that, with stock having share float percentage of 89.67%. Investors also watch the number of corporate investors in a company very closely, which is 89.46% institutions for General Motors Company that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at GM for having 121.68 million shares of worth $5.52 billion. And as of 2024-03-31, it was holding 9.3452 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 95.9 million shares on 2024-03-31. The number of shares represents firm’s hold over 7.3657 of outstanding shares, having a total worth of $4.35 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 36.31 shares of worth $1.63 billion or 3.23% of the total outstanding shares. The later fund manager was in possession of 29.1 shares on Mar 31, 2024, making its stake of worth around $1.31 billion in the company or a holder of 2.59% of company’s stock.
