Analysts who follow General Motors Company (GM) on average expect it to increase 47.01% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns GM an Analyst Ranking of 64, which means it ranks higher than 64 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With General Motors Company Stock Today?
General Motors Company (GM) stock is trading at $24.79 as of 3:04 PM on Friday, Jul 31, a drop of -$0.41, or -1.63% from the previous closing price of $25.20. The stock has traded between $24.44 and $25.15 so far today. Volume today is light. So far 9,340,003 shares have traded compared to average volume of 14,136,074 shares.