In the recent trading session, General Motors Company (NYSE:GM) shares gained 0.75% or 0.26 points to close at $34.91 with a thin trading volume of 3.341 million shares. It opened the trading session at $34.69, the shares rose to $35 and dropped to $34.49, the range by which the price of stock traded the whole session. The company now has a market cap of $50.1 billion and currently has 1.45 billion outstanding shares. General Motors Company (GM) stock has plunged -1.31 percent of market value in 21 trading days.
GM stock’s trailing 3-year beta is 1.37, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $6 share in the trailing 52 weeks. The stock’s value fallen -5.33 percent year to date (YTD) compared to a decline of -0.23 percent in 52 week’s period. The firm’s shares are still trading -16.68 percent below its 1-year high of $41.90 and 5.53 percent up from 52-week low of $33.08. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
General Motors Company (GM) is most likely going to rise 37.32 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $68 as 12-month high price target. This represents a whopping 94.79 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $47, which means a return possibility of 34.63 percent in comparison with the closing price of the stock of $34.91 in recent trading session. The lowest price set for the stock is $34 which is just above -2.61 percent from GM share’s price at the end of session.
Past records have indicated that shares in General Motors Company rose on 18 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of GM’s Q4 earnings on February 05. Analysts are predicting revenue to suffer decline of -22.5 percent to $29.8B in the financial fourth quarter, while EPS will soar by about -94.41 percent to $0.08 per share. In the last quarter, it’s earnings of $1.41 per share came worse than the $1.45453, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $38.4B, topping the $36.31B analysts had expected. Earnings are seen to rise by 4.4 percent this year, 31.97 percent in the coming year and the trend continues by -1.33 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at General Motors Company (NYSE:GM) and observe the pattern. The earliest insider trade happened on 09/09/2019. Tsien Matthew parted with a total of 16.93 thousand shares of the firm at average share price of $39.5. The total amount for the sale was set at $668.85 thousand. On completing this exchange, the Executive Vice President account balance was 1.6 thousand shares. The stock lost -11.52 percent from that insider sale. On 09/05/2019, Tsien Matthew, Executive Vice President, did a sale of 83.07 thousand shares at a price of $39.5 per share. This got rid of 3.28 million shares from the insider’s fortune and the stock experienced a -11.52 percent retreat in price since the news became public. This exchange saw 1.6 thousand shares get out from the Executive Vice President account.
On 08/02/2019, President Reuss Mark L recorded a sale transaction valued at $11.05 million. The sale at $40.03 a share has eliminated 275.94 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -12.69 percent decrease since the transaction reporting date. The company insider is left with 203.47 thousand shares remaining in the account. BUSH WESLEY G, who works as Director at the company, performed a purchase of 10 thousand shares in a transaction worth $385.8 thousand. The acquisition recorded on 05/07/2019 was priced at $38.58 per share. The stock price plunged -9.41 percent since the transaction. BUSH WESLEY G currently holds a stake of 10 thousand in GM stock which is worth $349.1 thousand after the insider buying.
The stock is lingering around the initial support level of $33.95. After this, the following support is at the zone of $33.26. Up until the time the GM stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 38.08 on the daily chart, and this may be a cause for comfort. In case the price goes below $33.26 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $35.9 level may cause a pull-back move approaching $37.15 mark.
General Motors Company (GM) shares are trading at a P/E ratio of 5.78 times earnings posted in the trailing 12 months. The industry GM deals with has an average P/E of 12.76. Its P/B ratio is standing at 1.11X compared to the 5.6 industry average. It is additionally sporting a 0.36 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.22. General Motors Company has a 10.7% gross profit margin, with its operating margin around 4.7%. Alongside this, the company’s net profit margin currently stands at 6.1%.