General Motors Company (NYSE:GM) sank as low as $36.25 Friday before getting settled at $37.18. The 7.05 percent increase called for market cap to move at $49.02B. The price went up as high as $36.25 before retreating. Trading activity significantly improved as the volume at ready counter increased to 32,386,339 shares versus 11,991,399 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 12,829,725 shares. The stock is now 21.66% above against its bear-market low of $30.56 on October 24, 2018. It has retreated -22.43% since it’s 52-week high of $45.52 reached in January. Now the market price is down -13.53% on the year and up 11.15% YTD.
GM’s 50 day simple moving average (SMA 50) price is $35.31 and its 200-day simple moving average (SMA 200) price is $36.81. The company’s stock currently has a total float of 1.31B shares. Its weekly volatility is hovering around 3.55% and felt 3.77% volatility in price over a month. On the upside, the share price will test short term resistance at around $38.02. On a downside, the stock is likely to find some support, which begins at $36.3. The failure to get near-term support could push it to $35.41.
Separately, it has been reported that multiple insider activity took place at General Motors Company (GM). Executive Vice President Batey Alan S. sold 215,685 shares for $84,594 in transaction occurred on 2018/06/01. After making this transaction, the Executive Vice President owns a direct stake of 9,276,612 shares, worth $3,145,205, as per the last closing price. On 2018/04/02 Stevens Charles K. Iii, Executive Vice President & CFO at GM, dumped 35,000 shares at an average price of $36.1 per share. The selling total is valued at $2,518,610.
Director, Uaw Retiree Medical Benefits T had divested 40,000,000 shares for $100,000,000 through a trade on 2018/03/02. Following this activity, the insider holds 1,590,000,000 shares worth $3,720,000,000 as of recent close. Wall Street’s most bullish General Motors Company (NYSE:GM) analysts are predicting the share price to blow past $60 per share during the next 12 months. The current median share price forecast by them is $44, suggesting that the stock could increase 18.34% in that time frame. The average price target of $44.14 calls for a nearly 18.72% increase in the stock price.
It had seen a new analyst call from Goldman, which initiated the stock at Neutral on September 11. Analysts at Morgan Stanley, maintained the company shares at Overweight on August 17 but switched target price from $50 to $46. The stock won favor of Evercore ISI analysts who expressed their confidence in it using an upgrade from In-line to Outperform on May 31. Piper Jaffray, reiterated their call for Overweight, on May 15. On the other hand, they had set new target price to $57 versus $52.
When looking at valuations, General Motors Company (GM) has a cheap P/E of 6.31x as compared to industry average of 14.57x. Moreover, it trades for 6.34 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.38x price/book and 0.33x price/sales. Compared to others, General Motors Company is in a different league with regards to profitability, having net margins of 0.5%. To put some perspective around this, the industry’s average net margin is 9.91%. GM’s ROE is 2.1%, which is also considerably worse than the industry’s ROE of 14.51%. It’s also not liquid in the near term, with a current ratio of 0.9. The stock has a debt/capital of 2.69.
Shares of General Motors Company (GM) have gained 10.9% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, General Motors Company (NYSE:GM) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. GM last reported earnings on October 31, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.87 per share, -96.25% change on the same period last year. That was better than consensus for $1.25. Revenue for the recent quarter stood at $35.79 billion, up 6% on last year and above the $34.85 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $35.69 billion to $35.95 billion, which should be compared with $0 generated last year. EPS is seen in a range of $1.31 to $1.78, against the $1.87 reported a year ago.