Halfway through 2019, General Motors Company (NYSE:GM) is running short on time to meet its goal of launching a large-scale fleet of robotaxis by the end of the year. Dan Ammann, the company’s former president who now leads its autonomous- vehicle unit in San Francisco, has GM Cruise cranking away to meet the ambitious plans, but it may be too little too late to overcome unexpected government hurdles and reported technical issues to launch the service on time, at least how the automaker initially planned. GM has yet to submit an application to the State of California to get approval for the service, a process that has never been done and could take weeks, if not months.
The stock Earnings per share (EPS) and the diluted EPS are the profitability measures used in the fundamental analysis of companies. The figure of EPS only takes into account a General Motors Company (NYSE:GM) common shares, whereas the very important diluted EPS take into account all the convertible securities such as convertible bonds/convertible preferred stock, which are changed into equity or common stock. Dilutive effects occur when the number of shares increases, for example, through a new issue. If a company issues more shares to shareholders and other investors, this increases the number of shares outstanding and decreases the company’s earnings per share. Ultimately, this can decrease the stock price.General Motors Company (NYSE:GM) Diluted EPS is 6.15, whereas the EPS Estimate for next year is 6.21. The Annual EPS Growth of past 5 years is 18.00% and General Motors Company (NYSE:GM) yearly performance is -4.56% and net profit margin is 6.20%.
Key Performance indicators for General Motors Company (NYSE:GM), in last 4 months the performance of GM was 3.85% while its price to sale ratio is 0.37 and price to book ratio is 1.34. Company gross margin stands at 10.00% whereas its return on investment (ROI) is 2.60%.
On 28 June 2019, General Motors Company (NYSE:GM), a Consumer Goods sector firm, traded 11.47 Million shares in last trading session and stock moved up 0.55% with closing price of $38.53 per share. with General Motors Company (NYSE:GM) traded 11.47 Million shares. The GM distance from 20 day simple moving average is 6.52% and distance from 50-Day simple moving average is 3.78%.The relative strength index for stock is 66.07 and Average true range of GM is 0.81.
Analyst’s mean target price for GM is $46.68 while analysts mean recommendation is 2.20. The Stock value has moved between $30.58 – 41.43 in last one year. GM market capitalization is 54352.73 with beta of 1.41. Company has 0.10% insider ownership.
General Motors Company (NYSE:GM) is under coverage by number of analysts. Stock has got OUTPERFORM rating from 7 of Thomson Reuters analysts, 5 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Buy rating has been given by 6 analysts to the company stock.