Today's Pre-Market Trading Very Positive For General Motors (GM)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified General Motors as such a stock due to the following factors:
- GM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $402.0 million.
- GM traded 124,727 shares today in the pre-market hours as of 7:49 AM.
- GM is up 2.7% today from yesterday's close.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in GM with the Ticky from Trade-Ideas. See the FREE profile for GM NOW at Trade-Ideas
More details on GM:
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. The stock currently has a dividend yield of 3.2%. GM has a PE ratio of 22.8. Currently there are 9 analysts that rate General Motors a buy, no analysts rate it a sell, and 4 rate it a hold.
The average volume for General Motors has been 15.4 million shares per day over the past 30 days. General has a market cap of $60.5 billion and is part of the consumer goods sector and automotive industry. The stock has a beta of 1.05 and a short float of 2.6% with 3.97 days to cover. Shares are up 7.7% year-to-date as of the close of trading on Thursday.
Analysis:
rates General Motors as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Automobiles industry. The net income increased by 91.0% when compared to the same quarter one year prior, rising from $1,040.00 million to $1,987.00 million.
- Net operating cash flow has slightly increased to $3,164.00 million or 3.46% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -24.72%.
- GENERAL MOTORS CO has improved earnings per share by 15.8% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, GENERAL MOTORS CO reported lower earnings of $1.64 versus $2.35 in the prior year. This year, the market expects an improvement in earnings ($4.46 versus $1.64).
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 10.1%. Since the same quarter one year prior, revenues slightly dropped by 2.1%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- The gross profit margin for GENERAL MOTORS CO is rather low; currently it is at 16.84%. Regardless of GM's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 5.01% trails the industry average.
- You can view the full General Motors Ratings Report.
null