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Friday, June 9, 2023

What Are The Chances Of General Motors Company (NYSE: GM) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for General Motors Company (GM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.21%, to $33.49. The General Motors Company has recorded 1,975,459 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that GM Releases 2023 First-Quarter Results and Raises Full-Year Guidance.

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Stocks Info

As a NYSE listed company, GM falls under the Consumer Cyclical sector while operating within the Auto Manufacturers industry segment. At the end of the last regular session, the stock closed at $33.42 and fluctuated between $33.83 as its day high and $32.94 as its day low. The current market capitalization of General Motors Company is $46.80B. A total of 17.71 million shares were traded on the day, compared to an average of 14.40M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, GM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 16 SELLs from insiders. Insiders purchased 1,262,164 shares during that period but sold 560,345.

In the most recent transaction, Jacobson Paul A bought 31,000 shares of GM for 32.60 per share on May 19. After the transaction, the Executive Vice President & CFO now owns 186,847 company shares. In a previous transaction on Feb 09, Johnson Gerald sold 15,743 shares at 42.65 per share. GM shares that Executive Vice President owns now total 71,209.

Among the insiders who sold shares, Carlisle Stephen K. disposed of 18,000 shares on Feb 02 at a per-share price of $41.97. This resulted in the Executive Vice President holding 46,170 shares of GM after the transaction.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. General Motors Company pays an annual dividend of $0.36, resulting in a dividend yield of 1.08%, and it has a price to earnings (P/E) ratio of 5.17. GM’s most recent ex-dividend date was 6/1/2023 when it declared a $0.09 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/16/2023 with an ex-dividend date of 3/2/2023. The GM stock dividend was $0.09 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for GM in the last 3 months, the mean price target is $46.21 with high estimates of $79.00 and low estimates of $30.00. In terms of 52-week highs and lows, GM has a high of $43.63 and a low of $30.33.

As of this writing, GM has an earnings estimate of $1.67 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.9 per share and a lower estimate of $1.41. The company reported an EPS of $2.12 in the last quarter, which was 25.40% higher than expectations of $1.69.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. GM’s latest balance sheet shows that the firm has $28.68B in Cash & Short Term Investments as of fiscal 2021. There were $109.38B in debt and $74.41B in liabilities at the time. Its Book Value Per Share was $50.06, while its Total Shareholder’s Equity was $65.81B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 3.75.

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