GE Vernova Inc. (NYSE:GEV) shares, rose in value on Friday, October 11, with the stock price up by 0.99% to the previous day’s close as strong demand from buyers drove the stock to $267.23.
Actively observing the price movement in the recent trading, the stock is buoying the session at $264.62, falling within a range of $261.05 and $267.9999. Referring to stock’s 52-week performance, its high was $269.30, and the low was $115.00. On the whole, GEV has fluctuated by 24.14% over the past month.
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With the market capitalization of GE Vernova Inc. currently standing at about $73.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 34.92B, with a low estimate of 8.56B and a high estimate of 9.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.81B.
The price of GEV currently trading nearly 5.52% and 24.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.21, while the 7-day volatility ratio is showing 2.64% which for the 30-day chart, stands at 3.20%. Furthermore, GE Vernova Inc. (GEV)’s average true range (ATR) is 7.55.
Data on historical trading for GE Vernova Inc. (NYSE:GEV) indicates that the trading volumes over the past 10 days have averaged 2.31 and over the past 3 months, they’ve averaged 2.95 million. According to company’s latest data on outstanding shares, there are 274.80 million shares outstanding.
Nearly 0.13% of GE Vernova Inc.’s shares belong to company insiders and institutional investors own 81.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.77 million shares as on 2024-09-30, resulting in a short ratio of 1.44. The stock has risen by 103.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GEV stock heading into the next quarter.
