General Motors Company (NYSE:GM) shares, rose in value on Thursday, February 13, with the stock price up by 0.42% to the previous day’s close as strong demand from buyers drove the stock to $47.89.
Actively observing the price movement in the last trading, the stock closed the session at $47.69. The PE ratio was 7.79 over 12-month period. Referring to stock’s 52-week performance, its high was $61.24, and the low was $37.83. On the whole, GM has fluctuated by -5.99% over the past month.
With the market capitalization of General Motors Company currently standing at about $47.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 1.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 182.13B, with a low estimate of 40.76B and a high estimate of 46.92B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 43.17B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.03, with the price of GM currently trading nearly -4.20% and -6.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.08, while the 7-day volatility ratio is showing 2.51% which for the 30-day chart, stands at 3.21%. Furthermore, General Motors Company (GM)’s beta value is 1.44, and its average true range (ATR) is 1.68.
A comparison of General Motors Company (GM) with its peers suggests the former has fared considerably weaker in the market. GM showed an intraday change of 0.42% in last session, and over the past year, it grew by 21.92%%.
Data on historical trading for General Motors Company (NYSE:GM) indicates that the trading volumes over the past 3 months, they’ve averaged 11.57 million. According to company’s latest data on outstanding shares, there are 1.00 billion shares outstanding.
Nearly 0.18% of General Motors Company’s shares belong to company insiders and institutional investors own 93.33% of the company’s shares. The stock has fallen by -10.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GM stock heading into the next quarter.
