United

Constant

Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>In the weekly and monthly time frame, GM stock price fell over 2% and 10%, respectively.</a></li>
 <li><span>2</span> <a>General Motors Company lost more than 16% market capitalization in 2023.&nbsp;</a></li>
 <li><span>3</span> <a>The reported revenue of the company for Q2 2023 was 3.88% greater than the estimates.</a></li>
</ul>
<p>GM stock price has been declining over the past few month. It lost 2.78% over the weekly time frame and 10.41% over the month. When writing, the stock was trading below 20, 50, 100 and 200 day EMAs.</p>
<h2 class="wp-block-heading" id="strong-general-motors-company-gm-stock-price-analysis-strong"><strong>General Motors Company (GM) Stock Price Analysis&nbsp;</strong></h2>
<p>In the 52 weeks time frame, General Motors stock price peaked at $43.63 and its&nbsp; lowest trading price was $27.17. The MACD and signal line are in the bears’ region and seem to be penetrating deeper.</p>
<p>The RSI line is moving just above the bearish region and if the motion continues in the region, then more decline is expected. The annual price target of GM stock is $45.67, the target is 57.43% greater than its press time trading price.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1080" height="571" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-773.png" alt="GM Stock Constant Decline Pushing it Towards Fresh 52 Weeks Low" class="wp-image-178320" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-773.png 1080w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-773-300x159.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-773-1024x541.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-773-768x406.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-773-750x397.png 750w" sizes="(max-width: 1080px) 100vw, 1080px">
  <figcaption class="wp-element-caption">
   Source: GM stock price chart from <a href="https://www.tradingview.com/x/y7glPNxN/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div>
<p>In the year to date time frame, GM stock price fell over 14.71% and in the 52 weeks time frame, a sharp decline of 20.41% was observed.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/2023/10/25/msft-stock-microsoft-stock-reacts-positively-after-earnings/" target="_blank" rel="noopener noreferrer nofollow">General Motors Company</a> has a market capitalization of $39.729 Billion, companiesmarketcap(dot)com data shows a decline of 16.87% in 2023. TradingView data states that 1.366 Billion GM shares are free floating and remaining 2.983 Million are closely held.</p>
<h3 class="wp-block-heading" id="strong-general-motors-company-financial-updates-strong"><strong>General Motors Company Financial Updates&nbsp;</strong></h3>
<p>The reported revenue of the company was 3.88% greater than the estimated figures, the company was supposed to report $42.48 Billion in revenue however its revenue was $44.13 Billion.</p>
<p>The estimated EPS of the company for Q2 2023 was positive $1.87, although the reported EPS was positive $2.28. In the financial year 2022, the reported revenue of General Motors Company was $156.74 Billion from which net income was $9.93 Billion and profit margin was positive 6.34%.</p>
<p>In the long term, total liabilities of the company are $100.58 Billion and its assets are $163.59 Billion. The company’s revenue is combined revenue from its other units such as GM North America, GM International, GM Financial, Corporate and Cruise.&nbsp;&nbsp;</p>
<p>It operates in the United States including several other nations globally. General Motors Co. engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Level: $27.71 &amp; $27.00&nbsp;</p>
<p>Resistance Level: $30.18 &amp; $31.36</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p><strong> </strong>General Motors Company stock lost over 10% of its trading price in a month. The MACD and signal line are in the bearish region and are yet to show any signs of a recovery.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

GM Stock Constant Decline Pushing it Towards Fresh 52 Weeks Low

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