In today’s recent session, 2.37 million shares of the General Motors Company (NYSE:GM) have been traded, and its beta is 1.34. Most recently the company’s share price was $48.49, and it changed around -$0.6 or -1.22% from the last close, which brings the market valuation of the company to $46.62B. GM at last check was trading at a discount to its 52-week high of $61.24, offering almost -26.29% off that amount. The share price’s 52-week low was $38.96, which indicates that the recent value has risen by an impressive 19.65% since then. We note from General Motors Company’s average daily trading volume that its 10-day average is 7.72 million shares, with the 3-month average coming to 14.76 million.
General Motors Company stock received a consensus recommendation rating of Hold, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 31 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 12 recommended GM as a Hold, whereas 10 deemed it a Buy, and 2 rated it as Underweight. General Motors Company is expected to report earnings per share of 2.53 for the current quarter.
General Motors Company (NYSE:GM) trade information
Instantly GM has been showing red trend so far today with a performance of -1.22% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 50.54 on recent trading dayincreased the stock’s daily price by 4.06%. The company’s shares are currently down -8.97% year-to-date, but still down -3.43% over the last five days. On the other hand, General Motors Company (NYSE:GM) is 2.65% up in the 30-day period. We can see from the shorts that 24.06 million shares have been sold at a short interest cover period of 2.16 day(s).
The consensus price target as assigned by Wall Street analysts is $50, 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 $36 and a high of $73.
General Motors Company (GM) estimates and forecasts
The year-over-year growth rate is expected to be -4.68%, down from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 45.95B in revenue for the current quarter. 12 analysts expect General Motors Company to make 44.89B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 47.97B and 48.76B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.21%. Forecasts for the next quarter put sales growth at -7.93%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.84%. General Motors Company earnings are expected to increase by -13.91% in 2025, but the outlook is negative -0.16% per year for the next five years.
GM Dividends
General Motors Company’s next quarterly earnings report is expected to be released on 2025-Apr-28. The annual dividend yield of the stock is 0.99 percent and its annual dividend per share was 0.48. It is important to note, however, that the 0.99% 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 0.24% of General Motors Company shares, and 87.63% of them are in the hands of institutional investors. The stock currently has a share float of 87.84%. General Motors Company stock is held by 1811.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.705% of the shares, which is about 110.25 million shares worth $5.12 billion.
VANGUARD GROUP INC, with 8.3681% or 95.06 million shares worth $4.42 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 34.44 shares worth $1.67 billion, making up 3.58% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held roughly 29.76 shares worth around $1.44 billion, which represents about 3.10% of the total shares outstanding.
