General Motors Company (NYSE:GM) has a beta value of 1.42 and has seen 11.51 million shares traded in the last trading session. The company, currently valued at $59.05B, closed the last trade at $53.70 per share which meant it gained $1.9 on the day or 3.67% during that session. The GM stock price is -1.1% off its 52-week high price of $54.29 and 51.02% above the 52-week low of $26.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.19 million shares traded. The 3-month trading volume is 12.75 million shares.
The consensus among analysts is that General Motors Company (GM) is Buy stock at the moment, with a recommendation rating of 2.18. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 20 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.75.
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General Motors Company (NYSE:GM) trade information
Sporting 3.67% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GM stock price touched $53.70 or saw a rise of 0.07%. Year-to-date, General Motors Company shares have moved 49.50%, while the 5-day performance has seen it change 4.19%. Over the past 30 days, the shares of General Motors Company (NYSE:GM) have changed 16.79%. Short interest in the company has seen 32.76 million shares shorted with days to cover at 2.51.
Wall Street analysts have a consensus price target for the stock at $56, which means that the shares’ value could jump 4.11% from current levels. The projected low price target is $34.0 while the price target rests at a high of $98.0. In that case, then, we find that the current price level is -82.5% off the targeted high while a plunge would see the stock lose 36.69% from current levels.
General Motors Company (GM) estimates and forecasts
Figures show that General Motors Company shares have outperformed across the wider relevant industry. The company’s shares have gained 18.60% over the past 6 months, with this year growth rate of 33.33%, compared to -6.90% for the industry. Revenue growth from the last financial year stood is estimated to be 5.70%.
11 analysts offering their estimates for the company have set an average revenue estimate of 41.84B for the current quarter. 5 have an estimated revenue figure of 43.9B for the next ending quarter. Year-ago sales stood 42.98B and 43.01B respectively for this quarter and the next, and analysts expect sales will shrink by -2.70% for the current quarter and 5.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.58% over the past 5 years. Earnings growth for 2024 is a modest 34.71% while over the next 5 years, the company’s earnings are expected to increase by 15.96%.
GM Dividends
General Motors Company is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.45 at a share yield of 0.84%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.06%.
General Motors Company (NYSE:GM)’s Major holders
Insiders own 0.22% of the company shares, while shares held by institutions stand at 90.05% with a share float percentage of 90.24%. Investors are also buoyed by the number of investors in a company, with General Motors Company having a total of 1739.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 110.25 million shares worth more than $5.12 billion. As of 2024-06-30, BLACKROCK INC. held 9.5453% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 95.06 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.42 billion and represent 8.2304% of shares outstanding.
