In today’s recent session, 1.63 million shares of the General Motors Company (NYSE:GM) have been traded, and its beta is 1.43. Most recently the company’s share price was $52.37, and it changed around -$0.37 or -0.71% from the last close, which brings the market valuation of the company to $57.58B. GM at last check was trading at a discount to its 52-week high of $61.24, offering almost -16.94% off that amount. The share price’s 52-week low was $32.83, which indicates that the recent value has risen by an impressive 37.31% since then. We note from General Motors Company’s average daily trading volume that its 10-day average is 11.76 million shares, with the 3-month average coming to 12.96 million.
General Motors Company stock received a consensus recommendation rating of Buy, based on a mean score of 2.14. If we narrow it down even further, the data shows that 2 out of 29 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 9 recommended GM as a Hold, whereas 10 deemed it a Buy, and 1 rated it as Underweight.
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
Instantly GM has been showing red trend so far today with a performance of -0.71% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 54.46 on recent trading dayincreased the stock’s daily price by 3.84%. The company’s shares are currently up 45.78% year-to-date, but still down -1.86% over the last five days. On the other hand, General Motors Company (NYSE:GM) is -9.18% down in the 30-day period. We can see from the shorts that 34.13 million shares have been sold at a short interest cover period of 2.61 day(s).
The consensus price target as assigned by Wall Street analysts is $54, which translates to bulls needing to increase their stock price by 3.02% from its current value. Analyst projections state that GM is forecast to be at a low of $34 and a high of $98.
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 7.17 percent over the past six months and at a 34.77% annual growth rate that is well above the industry average of -10.90%.
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 34.92% in 2024, but the outlook is positive 15.96% per year for the next five years.
GM Dividends
General Motors Company’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 0.92 percent and its annual dividend per share was 0.48. It is important to note, however, that the 0.92% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.06 per year.
General Motors Company (NYSE:GM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.22% of General Motors Company shares, and 86.93% of them are in the hands of institutional investors. The stock currently has a share float of 87.13%. General Motors Company stock is held by 1718.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.5453% of the shares, which is about 110.25 million shares worth $5.12 billion.
VANGUARD GROUP INC, with 8.2304% or 95.06 million shares worth $4.42 billion as of 2024-06-30, 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 Sep 30, 2024. The former held 35.66 shares worth $1.86 billion, making up 3.24% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 29.44 shares worth around $1.54 billion, which represents about 2.68% of the total shares outstanding.
