On Jan. 06, Carlisle Stephen K. divested U.S. $1,734,286 in shares of General Motors Company. The EVP sold 40,398 shares at a price per share of $42.93. The transaction decreased this specific insider’s holdings to 55,409 shares worth around $2.39 million at present.
The Benchmark Company maintained its General Motors Company [GM] rating to the equivalent of a Buy but changed the price target to $51 from $47, in a research note dated December 21, 2020. That figure represents around a 15.57% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with The Benchmark Company’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in late December. Meanwhile, JP Morgan had maintained its rating on GM to the earlier “an Overweight” rating, in a research note produced for clients September 09, 2020. In addition, there was an upgrade from Goldman on June 12, 2020. The rater changed GM from “a Neutral” to “a Buy”.
Is General Motors Company [NYSE:GM] a Good Buy Right Now?
It should be noted that GM technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 80% Buy in the last week and compares with 100% Buy in the past month. Data from General Motors Company’s Trend Spotter indicated that the signals were Weakening. The stock current average is 14.07 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 15.71 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 15.22 million shares.
GM Price Performance
On Wall Street, General Motors Company [NYSE:GM] finished Friday’s session down -0.60% at $43.06. The stock went up to $43.49 at the same session while its lowest single day price was $42.315. In the last five days, it saw a rise of about 3.41%, General Motors Company shares gained by almost 3.41% since the beginning of the year. However, the share price has dropped to as low as -7.81% below its one year high. On 01/07/21, the company shares recorded $43.98, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $40.04. The company’s shares have inclined by 22.75% in the past year. The 50-day SMA achieved is $41.40 while the 200-day SMA is $30.58. Volume gained to 18.43 million from 13.63 million in the previous session.
General Motors Company [GM] Valuation Measures
Notably, General Motors Company [GM] stock can be classified as a good candidate in the listing of underestimated low-priced Auto Manufacturers companies to purchase soonest possible with the prevailing 12-month PE ratio of 19.31. The measure means the stock is exchanging at a discount as compared to the 24.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.54 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 0.78 which means GM serve an attractive investment opportunity compared to its competitors.
GM Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 42.42 level, and in case of violation of this particular level, it will cause more drop to 41.78 level. On the upper level, 44.13 is still the key resistance. The stock may increase to the subsequent resistance at 43.60. The Relative Strength Index (RSI) pinned on the 14-day chart is 56.75, implying a neutral technical stance while the MACD stands at 1.31, meaning price will increase in the next trading period. Percent R indicator moved to 23.35%, implying bullish price movement. Stochastic %K at 79.02% suggest holding the stock.
What is the short interest in General Motors Company?
Short interest in the General Motors Company stock has surged, increasing by 8.79 million shares to total 16.95 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 25.74 million, data from Yahoo Finance shows. The decrease of -51.86% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.19% of the overall float for the stock.
General Motors Company’s Biggest Shareholders: Who Owns General Motors Company [GM]?
Filings by Capital Research & Management Co showed that the firm now holds a total of 91,162,021 shares or roughly 6.37% of the outstanding GM shares. This means their shares have reduced by -3,199,504 from the 91,162,021 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $3,894,450,206. Details in the latest 13F filings reveal that Berkshire Hathaway, Inc. acquired their 7.12% stake valued at $3,507,200,000 while Capital Research & Management Co added theirs at $3,100,866,900. During the last quarter, Berkshire Hathaway, Inc. raised 5,319,000 of its shares in General Motors Company while Capital Research & Management Co bought 22,741,666 shares. The BlackRock Fund Advisors’s holdings currently number 58,372,431 shares at $2513516878.86. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 57,790,708 shares, roughly $2,533,544,639.
GM Earnings Forecast For The Current Quarter
General Motors Company [GM] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $35.72B and an earnings per share of $1.85 for Dec 2020. Looking further ahead, the company is expected to report revenue of $32.06B at an EPS of $1.3 for Mar 2021. The estimates represent upside of 12.10% and 23.29% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
GM Earnings Estimates For The Current Year
For the financial year, General Motors Company [NYSE:GM] is expected to bring in revenue of $120.7B. The returns are nearly $-16.54 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 4.68, lower than that of FY19 by -$0.14. Estimates put this year’s earnings growth at -2.90%, 23.10% for the next, and at an annual 8.50% over the next 5-year period. As for sales, forecasts are for a decrease of -12.10% in the current fiscal year and a further 12.10% over the following year.
What are analyst thoughts on General Motors Company?
Looking forward to the General Motors Company share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for General Motors Company stock at $51.00 within the next 12 months, which represents almost 15.57 per cent growth from its previous closing price of $43.06. The highest analysts’ target for General Motors Company stock projections is $72.00 and the lowest one is $40.00. Still, 17 analysts sharing their consensus rating for GM stock in 2021 agree that it is a Buy.