General Motors GM stock retook its 50 day moving average on June 2, 2023. However, caution is warranted as GM stock has not yet confirmed the break above the 50 day moving average.
General Motors is a multinational corporation that designs, manufactures, markets, and sells vehicles and vehicle parts. The company produces a wide range of vehicles, including cars, trucks, and SUVs, under various brands such as Chevrolet, Buick, GMC, Cadillac, and Holden. Additionally, General Motors provides financing and other services through its subsidiaries. The company also invests in research and development to advance automotive technology, including electric and autonomous vehicles.
GM Stock Is Cheap
As of June 4, 2023, GM stock trades at a P/E of 5.3 and a Forward P/E of 5.2. The company did $160.7 billion in salesThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... last year but trades at a market cap of $45.9 billion, giving it a hot P/S ratio of 0.29. It’s hard to imagine a cheaper stock of a company this size on Wall Street.
