With 19.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 12.56 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $55.38 whereas the lowest price it dropped to was $53.14. The 52-week range on GM shows that it touched its highest point at $54.29 and its lowest point at $26.30 during that stretch. It currently has a 1-year price target of $59.85. With its current market cap of 60.53 billion, GM has annualized dividend of $0.45 while the current yield stands at 0.82%. Beta for the stock currently stands at 1.42.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GM was up-trending over the past week, with a rise of 5.93%, but this was up by 19.65% over a month. Three-month performance surged to 28.83% while six-month performance rose 22.20%. The stock gained 89.11% in the past year, while it has gained 53.26% so far this year. A look at the trailing 12-month EPS for GM yields 9.37 with Next year EPS estimates of 10.57. For the next quarter, that number is 1.76. This implies an EPS growth rate of 34.92% for this year and 1.98% for next year. EPS is expected to grow by 15.96% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.58%.
Float and Shares Shorts:
At present, 1.20 billion GM shares are outstanding with a float of 1.10 billion shares on hand for trading. On 2024-10-15, short shares totaled 32.76 million, which was 298.0 higher than short shares on 1726185600. In addition to Ms. Mary T. Barra as the firm’s Chairman & CEO, Mr. Mark L. Reuss serves as its President.
Institutional Ownership:
Through their ownership of 0.90051 of GM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GM reported revenue of $48756000000.0 and operating income of $3651000000.0. The EBITDA in the recently reported quarter was $6795000000.0 and diluted EPS was $2.68.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GM since 20 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GM analysts setting a high price target of 88.0 and a low target of 38.0, the average target price over the next 12 months is 59.28. Based on these targets, GM could surge 59.85% to reach the target high and fall by -30.97% to reach the target low. Reaching the average price target will result in a growth of 7.68% from current levels.
Analysts have provided yearly estimates in a range of $10.60836 being high and $9.93145 being low. For GM, this leads to a yearly average estimate of $10.34568. The surprise factor in the prior quarter was $2.75. Based on analyst estimates, the high estimate for the next quarter is $2.83 and the low estimate is $2.34. The average estimate for the next quarter is thus $2.54.
