Let’s look at the key reasons that are pushing General Motors Company (GM) to new highs

A new trading day began on Friday, with General Motors Company (NYSE: GM) stock price up 0.39% from the previous day of trading, before settling in for the closing price of $50.76. GM’s price has ranged from $26.30 to $54.29 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 3.86%. Meanwhile, its annual earnings per share averaged 34.71%. With a float of $1.10 billion, this company’s outstanding shares have now reached $1.20 billion.

Considering the fact that the conglomerate employs 163000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 11.96%, operating margin of 6.67%, and the pretax margin is 6.68%.

General Motors Company (GM) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Manufacturers Industry. The insider ownership of General Motors Company is 0.17%, while institutional ownership is 89.82%. The most recent insider transaction that took place on Oct 23 ’24, was worth 502,671. In this transaction Executive Vice President of this company sold 9,307 shares at a rate of $54.01, taking the stock ownership to the 8,513 shares. Before that another transaction happened on Oct 23 ’24, when Company’s Chair & CEO sold 506,824 for $53.33, making the entire transaction worth $27,029,630. This insider now owns 694,548 shares in total.

General Motors Company (GM) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 34.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.96% during the next five years compared to 5.58% growth over the previous five years of trading.

General Motors Company (NYSE: GM) Trading Performance Indicators

Here are General Motors Company’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.37, a number that is poised to hit 1.76 in the next quarter and is forecasted to reach 10.54 in one year’s time.

Technical Analysis of General Motors Company (GM)

Compared to the last year’s volume of 15.03 million, its volume of 10.63 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 39.70%. Additionally, its Average True Range was 1.44.

During the past 100 days, General Motors Company’s (GM) raw stochastic average was set at 78.25%, which indicates a significant increase from 48.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.96% in the past 14 days, which was higher than the 35.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $48.28, while its 200-day Moving Average is $44.62. Nevertheless, the first resistance level for the watch stands at $51.56 in the near term. At $52.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $52.55. If the price goes on to break the first support level at $50.57, it is likely to go to the next support level at $50.19. Now, if the price goes above the second support level, the third support stands at $49.58.

General Motors Company (NYSE: GM) Key Stats

With a market capitalization of 56.26 billion, the company has a total of 1,099,596K Shares Outstanding. Currently, annual sales are 171,842 M while annual income is 10,127 M. The company’s previous quarter sales were 48,757 M while its latest quarter income was 3,056 M.