My personal opinion is that the GM stock is going nowhere. Then I stumbled upon this article that claims that the stock is undervalued. The only part that I can agree on is the GM has a good Price to Earnings ratio, but I’m not sure that metric could be applied solely. I mean, GM never had a high value of its stock, even when it produced better results and when times where much better in the car industry.
Am I missing something here?
https://investorplace.com/2023/05/the-3-most-undervalued-stocks-to-buy-in-may-2023/