How to Buy General Motors Co Stock
General Motors Co
General Motors Co is a auto company located in Michigan, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker GM on the NYSE exchange.
General Motors Co stock last closed at $44.99, up 3.64% from the previous day, and has increased 38.82% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.8 percentage points. General Motors Co stock is currently +71.06% from its 52-week low of $26.30, and -2.55% from its 52-week high of $46.17.
At the moment, there are 1.14B shares of GM outstanding. The market capitalization of GM is $51.33B. In the last 24 hours, 31.05M GM shares were traded.
How to Buy General Motors Co Stock
Wondering how to invest in General Motors Co stock? Here's how.
- Choose where to buy General Motors Co stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy General Motors Co stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your payment method and add your info.
- Evaluate General Motors Co stock: The General Motors Co ticker symbol is GM. Is General Motors Co stock a good investment? Should you buy shares of GM? How do GM's underlying business fundamentals look? Do top analysts think General Motors Co is a good buy? Why has GM's stock price moved recently? (Hint: Our stock market analysis website can help you understand if GM is a good stock to buy).
- Make your GM trade: Decide if you will purchase GM shares at the current market price or use a limit order to purchase GM stock at a particular price.
- Track your GM investment: Create a watchlist to get the latest news on your position in General Motors Co stock.
Step 1: Choose where to buy General Motors Co stock
You need an online brokerage account to access the NYSE market and buy GM stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you can invest in GM stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new trading account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the greatest app to buy stocks, you need to deposit funds:
Check out this video walkthrough for more details transferring funds into your new investment account.
Step 4: Evaluate General Motors Co stock
Once you have figured out the best place to buy General Motors Co stock, it's crucial to analyze their stock prior to investing, so you actually comprehend the risk as well as the opportunity.
General Motors Co stock quick numbers
General Motors Co Zen Score
WallStreetZen was designed to help part-time investors do better fundamental analysis in less time.
You can see all of the due diligence checks on GM's stock page.
How is GM stock valued?
You can use many financial metrics, analyses, models, and charts to gauge GM's intrinsic value.
Using relative valuations metrics:
- GM may be undervalued based on its P/E ratio of 5.47x, relative to Auto Manufacturers industry P/E ratio of 26.25x
- GM may be undervalued based on its P/B ratio of 0.77x, relative to Auto Manufacturers industry P/B ratio of 2.16x
You can do additional valuation research on GM's stock here.
GM Financials at a glance
Pros:
- There are more short-term assets than short-term liabilities on the GM balance sheet.
- GM profit margin has gone up from 5.8% to 6.1% in the past year.
- GM earnings of $12.50B is not sufficient to cover its interest payments.
- Total GM debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- GM has a relatively high debt to equity ratio of 3.09.
- There are more long-term liabilities than short-term assets on the GM balance sheet.
- GM's operating cash flow of $21.00B allows it to safely service it's debt of $122.24B.
Is it a good time to buy GM stock, according to Wall Street analysts?
Out of 14 Wall Street analysts who research GM, the consensus analyst rating on General Motors Co is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent GM Analyst Forecasts
Colin Langan, a bottom 2% analyst from Wells Fargo maintains GM with a strong sell rating and raises their GM price target from $28.00 to $30.00, on Apr 24, 2024.
Alexander Potter, a top 3% analyst from Piper Sandler maintains GM with a hold rating and raises their GM price target from $44.00 to $45.00, on Apr 24, 2024.
Daniel Ives, a top 7% analyst from Wedbush maintains GM with a buy rating and raises their GM price target from $45.00 to $55.00, on Apr 24, 2024.
Vijay Rakesh, a top 1% analyst from Mizuho maintains GM with a strong buy rating and raises their GM price target from $48.00 to $52.00, on Apr 24, 2024.
Mizuho's Vijay Rakesh raised their price target on General Motors Co (NYSE: GM) by 8.3% from $48 to $52 on 2024/04/24. The analyst maintained their Strong Buy rating on the stock.
Responding to General Motors Co's Q1 2024 earnings, reported on 2024/04/23, Rakesh noted the "strong results driven by better pricing."
Earnings Report
For Q1 2024, General Motors reported:
- EPS of $2.62, which beat the Zacks Consensus Estimate of $2.08 and, by 18.6%, Q1 2023's $2.21.
- Revenue of $43.01B, which beat the Zacks Consensus Estimate of $41.28B and Q1 2023's $39.9B by 7.8%.
- Automotive operating cash flow of $3.598B, up from Q1 2023's $2.232B.
For FY 2024, management guided:
- EPS of $9.00 to $10.00, up from the prior guidance of $8.50 to $9.50.
- Automotive operating cash flow of $18.3B to $21.3B, up from the prior guidance of $18B to $21B.
Chair & CEO Mary Barra commented: "In 2024/01, we outlined clear priorities for GM in 2024.
"They are to leverage the strength of our winning ICE portfolio, grow our EV business profitably, advance our software-defined vehicle capability, and relaunch Cruise safely while delivering strong margins and cash flows.
"I’m very pleased to share that the team is executing well and making progress across the board.
"As we continue to strengthen our ICE portfolio, scale EVs and reinvest in the business, we are very focused on capital efficiency, enhancing profitability and free cash flow, and we will continue to take steps to create shareholder value."
Adam Jonas, a top 4% analyst from Morgan Stanley maintains GM with a strong buy rating and maintains their GM price target from $46.00 to $46.00, on Apr 11, 2024.
You can dig deeper into what analysts are projecting on the General Motors Co stock forecast page.
GM Technicals
GM Performance Numbers
Last year, GM earnings were $10.62B. In the past five year, GM's earnings have gone up by 5.23% per year. This was slower than the Auto Manufacturers industry average of 127.99%.
Last year, GM revenue was $174.87B. During the past 5 year, GM's revenue has grown by 3.7% per year. This was slower than the Auto Manufacturers industry average of 28.93%.
Find out more about GM's earnings and revenue performance here.
Are GM executives and large shareholders buying or selling the stock?
Over the last year, executives and large shareholders at GM have sold more shares than they have bought.
Mary T. Barra, Chair CEO of GM, was the latest GM insider to sell. They sold $13,110,000.00 worth of GM stock on May 28, 2024.
Dig into more about who owns GM stock here.
Can I rely on GM as an income stream?
General Motors Co pays a dividend of 0.67%, compared to the Auto Manufacturers industry's average dividend yield of 3.78%. If you owned $1,000 worth of GM stock, you would have been paid $6.67 in the past year.
General Motors Co dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about General Motors Co dividend yield and history here.
What others are saying about GM
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your GM trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open Trade button and eToro will place your order.
If you want additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Track your GM investment
Now that you own some shares in GM, you'll want to stay up-to-date on your shares.
Put GM on a watchlist to monitor your GM stock.
GM Feed
How to Buy Stock in General Motors Co
To reiterate, here are the 6 steps to buy General Motors Co stock:
- Choose where to buy General Motors Co stock
- Open a brokerage account
- Fund your investment account
- Evaluate General Motors Co stock
- Make your GM trade
- Track your GM investment
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your new investment in General Motors Co, add GM to your watchlist below.
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