During the recent session, General Motors Company (NYSE:GM)’s traded shares were 1.61 million, with the beta value of the company hitting 1.43. At the last check today, the stock’s price was $51.58, reflecting an intraday loss of -0.75% or -$0.39. The 52-week high for the GM share is $54.29, that puts it down -5.25 from that peak though still a striking 49.01% gain since the share price plummeted to a 52-week low of $26.30. The company’s market capitalization is $56.72B, and the average intraday trading volume over the past 10 days was 14.18 million shares, and the average trade volume was 13.09 million shares over the past three months.
General Motors Company (GM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.21. GM has a Sell rating from 3 analyst(s) out of 20 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 14 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.75.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
General Motors Company (NYSE:GM) trade information
General Motors Company (GM) registered a -0.75% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.75% in intraday trading to $51.58, hitting a weekly high. The stock’s 5-day price performance is -2.16%, and it has moved by 15.08% in 30 days. Based on these gigs, the overall price performance for the year is 82.91%. The short interest in General Motors Company (NYSE:GM) is 32.76 million shares and it means that shorts have 2.51 day(s) to cover.
The consensus price target of analysts on Wall Street is $56, which implies an increase of 7.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $34 and $98 respectively. As a result, GM is trading at a discount of -90.0% off the target high and 34.08% off the low.
General Motors Company (GM) estimates and forecasts
Statistics show that General Motors Company has outperformed its competitors in share price, compared to the industry in which it operates. General Motors Company (GM) shares have gone up 15.47% during the last six months, with a year-to-date growth rate more than the industry average at 33.33% against -6.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 41.10% this quarter and then drop -3.10% in the quarter after that. In the rating firms’ projections, revenue will increase 5.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 41.84B as predicted by 11 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 43.9B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 42.98B and 43.01B respectively. In this case, analysts expect current quarter sales to shrink by -2.70% and then jump by 2.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.58%. While earnings are projected to return 34.42% in 2024, the next five years will return 15.96% per annum.
GM Dividends
General Motors Company is due to release its next quarterly earnings on 2025-Jan-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for General Motors Company is 0.45, with the dividend yield indicating at 0.87 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.06%.
General Motors Company (NYSE:GM)’s Major holders
General Motors Company insiders own 0.22% of total outstanding shares while institutional holders control 90.19%, with the float percentage being 90.38%. BLACKROCK INC. is the largest shareholder of the company, while 1739.0 institutions own stock in it. As of 2024-06-30, the company held over 110.25 million shares (or 9.5453% of all shares), a total value of $5.12 billion in shares.
The next largest institutional holding, with 95.06 million shares, is of VANGUARD GROUP INC’s that is approximately 8.2304% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.42 billion.
