In yesterday’s Wall Street session, General Motors Company (NYSE:GM) shares traded at $48.41, down -2.75% from the previous session.
GM stock price is now 5.00% away from the 50-day moving average and 17.03% away from the 200-day moving average. The market capitalization of the company currently stands at $54.41B.
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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, Harvey Rory, Executive Vice President sold 12,795 shares of the company’s stock on Aug 26 ’24. The stock was sold for $627,153 at an average price of $49.02. Upon completion of the transaction, the Executive Vice President now directly owns 8,513 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’24, Executive Vice President Harvey Rory sold 2,302 shares of the business’s stock. A total of $108,908 was realized by selling the stock at an average price of $47.31. This leaves the insider owning 10,356 shares of the company worth $0.5 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 $162973073408, which is based on a 5.44 price-to-earnings ratio, a 0.42 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for GM is $46.1174 and a two-hundred day moving average price translates $41.4664 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. For the current quarter, analysts expect GM to generate $44.59B in revenue.
