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Tuesday, March 21, 2023

Are Things Looking Up For General Motors Company (NYSE: GM)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for General Motors Company (GM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.15%, to $39.68. The General Motors Company has recorded 1,818,569 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Lithium Americas Receives Letter of Substantial Completion for Application to U.S. DOE ATVM Loan Program.

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Stocks Info

GM belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto Manufacturers industry. At the end of the last regular session, the stock closed at $39.74 and fluctuated between $40.43 as its day high and $39.62 as its day low. The current market capitalization of General Motors Company is $53.42B. A total of 12.12 million shares were traded on the day, compared to an average of 14.81M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GM has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 18,000 shares. Over the last 12 months, there were 6 BUYs and 7 SELLs from insiders. Insiders purchased 188,186 shares during that period but sold 116,304.

In the most recent transaction, Johnson Gerald sold 15,743 shares of GM for 42.65 per share on Feb 09. After the transaction, the Executive Vice President now owns 71,209 company shares. In a previous transaction on Feb 02, Carlisle Stephen K. sold 18,000 shares at 41.97 per share. GM shares that Executive Vice President owns now total 46,170.

Among the insiders who sold shares, Carlisle Stephen K. disposed of 25,645 shares on Apr 29 at a per-share price of $39.04. This resulted in the Executive Vice President holding 64,170 shares of GM after the transaction. In another insider transaction, Jacobson Paul A bought 35,000 shares at $38.79 per share on Apr 28. Company shares held by the Executive Vice President & CFO now total 110,000.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. General Motors Company pays an annual dividend of $0.36, resulting in a dividend yield of 0.91%, and it has a price to earnings (P/E) ratio of 6.48. GM’s most recent ex-dividend date was 3/2/2023 when it declared a $0.09 quarterly dividend that was paid in cash on 3/16/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 12/1/2022. The GM stock dividend was $0.09 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GM in the last 3 months, the mean price target is $47.40 with high estimates of $82.00 and low estimates of $30.00. In terms of 52-week highs and lows, GM has a high of $46.74 and a low of $30.33.

As of this writing, GM has an earnings estimate of $1.65 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $2.03 per share and a lower estimate of $1.3. The company reported an EPS of $2.25 in the last quarter, which was 19.70% higher than expectations of $1.88.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 25 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GM is Sell with a score of 3.94. A total of 13 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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