Stocks of General Motors Company (NYSE:GM) traded higher last session on Wall Street, up 2.61% to $49.56.
GM stock price is now 6.87% away from the 50-day moving average and 27.17% away from the 200-day moving average. The market capitalization of the company currently stands at $56.55B.
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With the price target of $55, Bernstein recently initiated with Outperform rating for General Motors Company (NYSE: GM). On March 15, 2024, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $44, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, Barra Mary T, Chair & CEO sold 326,305 shares of the company’s stock on Jun 11 ’24. The stock was sold for $15,770,321 at an average price of $48.33. Upon completion of the transaction, the Chair & CEO now directly owns 898,648 shares in the company, valued at $44.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, Chair & CEO Barra Mary T sold 300,000 shares of the business’s stock. A total of $14,100,000 was realized by selling the stock at an average price of $47.00. This leaves the insider owning 898,648 shares of the company worth $44.54 million. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, General Motors Company has had a low of $26.30 and a high of $50.50. As of last week, the company has a debt-to-equity ratio of 1.84, a current ratio of 1.16, and a quick ratio of 0.97. According to the stock market information, the enterprise value for the company is $164691886080, which is based on a 6.06 price-to-earnings ratio, a 0.52 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for GM is $46.5134 and a two-hundred day moving average price translates $39.4707 for the stock.
The latest earnings results from General Motors Company (NYSE: GM) was released for 2024-03-31. The net profit margin was 6.08% and return on equity was 15.70% for GM. The company reported revenue of $43.01 billion for the quarter, compared to $39.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.58 percent.
