The price of General Motors Company (NYSE:GM) shares last traded on Wall Street rose 0.77% to $43.32.
GM stock price is now -5.95% away from the 50-day moving average and 8.18% away from the 200-day moving average. The market capitalization of the company currently stands at $48.69B.
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On July 24, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $46 to quote $47, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Jacobson Paul A, Executive Vice President & CFO bought 25,000 shares of the company’s stock on Jul 26 ’24. The stock was bought for $1,102,750 at an average price of $44.11. Upon completion of the transaction, the Executive Vice President & CFO now directly owns 261,872 shares in the company, valued at $11.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, Chair & CEO Barra Mary T sold 326,305 shares of the business’s stock. A total of $15,770,321 was realized by selling the stock at an average price of $48.33. This leaves the insider owning 898,648 shares of the company worth $38.93 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 1.18, and a quick ratio of 0.99. According to the stock market information, the enterprise value for the company is $157252304896, which is based on a 4.87 price-to-earnings ratio, a 0.38 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for GM is $46.0276 and a two-hundred day moving average price translates $40.11515 for the stock.
The latest earnings results from General Motors Company (NYSE: GM) was released for 2024-06-30. The net profit margin was 6.18% and return on equity was 15.80% for GM. The company reported revenue of $47.97 billion for the quarter, compared to $44.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.2 percent.
