GM and Michelin have entered a new partnership, where they are building a radical new type of wheel to replace conventional pneumatic tires and wheels, which have been a constant for a century now. The new airless tire will be produced under the brand name Uptis.
However, it is not yet certain whether the technology will work. GM still needs to confirm effectiveness before it starts production. Other manufacturers like Bridgestone-Firestone have also been working on airless tires.
The new Uptis will look like a conventional tire, but it will have three individual components. The outer layer is made of a mix of rubber and synthetic compounds. It features the same sort of tread pattern as a conventional tire. But there are no sidewalls. Instead, the latest prototype uses high-strength composite spokes that are mated to an aluminum hub, which mounts to a car’s axle, just like a conventional tire.
The Uptis can neither be inflated nor can it go flat which means it can improve highway safety.
Airless tires have long been on the list of manufacturers but so far they have progressed rather slowly. The challenge is mainly to match the behavior of conventional tires in terms of performance, handling, energy efficiency and cost. The Uptis will be the first development in this direction and is designed to be fuel-efficient like conventional tires. Another advantage will be its cost effectiveness and a longer lifespan than conventional tires.
The 50-day moving average for GM moved above the 200-day moving average on January 29, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The Momentum Indicator moved above the 0 level on February 20, 2024. You may want to consider a long position or call options on GM as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GM just turned positive on February 26, 2024. Looking at past instances where GM's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GM advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 243 cases where GM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GM broke above its upper Bollinger Band on February 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.735) is normal, around the industry mean (6.063). P/E Ratio (5.592) is within average values for comparable stocks, (18.268). Projected Growth (PEG Ratio) (0.763) is also within normal values, averaging (5.461). GM has a moderately low Dividend Yield (0.009) as compared to the industry average of (0.042). P/S Ratio (0.326) is also within normal values, averaging (36.903).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of cars, trucks and automobile parts
A.I.dvisor indicates that over the last year, GM has been closely correlated with F. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if GM jumps, then F could also see price increases.