The price of General Motors Company (NYSE:GM) shares last traded on Wall Street fell -1.01% to $57.04.
GM stock price is now 14.72% away from the 50-day moving average and 25.08% away from the 200-day moving average. The market capitalization of the company currently stands at $62.09B.
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With the price target maintained at $49, DZ Bank recently Downgraded its rating from Buy to Hold for General Motors Company (NYSE: GM). On September 25, 2024, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $47 to quote $42, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Barra Mary T, Chair & CEO sold 206,824 shares of the company’s stock on Nov 11 ’24. The stock was sold for $11,913,062 at an average price of $57.60. Upon completion of the transaction, the Chair & CEO now directly owns 694,548 shares in the company, valued at $39.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Officer MARY BARRA bought 206,824 shares of the business’s stock. A total of $11,912,256 was incurred on buying the stock at an average price of $57.60. A total of 0.18% of the company’s stock is owned by insiders.
During the past 12 months, General Motors Company has had a low of $27.42 and a high of $59.39. As of last week, the company has a debt-to-equity ratio of 1.80, a current ratio of 1.21, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $168099954688, which is based on a 6.09 price-to-earnings ratio, a 0.38 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for GM is $49.7202 and a two-hundred day moving average price translates $45.6035 for the stock.
The latest earnings results from General Motors Company (NYSE: GM) was released for 2024-09-30. The net profit margin was 6.02% and return on equity was 15.23% for GM. The company reported revenue of $48.76 billion for the quarter, compared to $44.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.48 percent. For the current quarter, analysts expect GM to generate $41.94B in revenue.
