GE Vernova Inc (NYSE:GEV) shares, rose in value, with the stock price up by 1.40% to the previous day’s close as strong demand from buyers drove the stock to $301.78.
Actively observing the price movement in the recent trading, the stock is buoying the session at $297.60, falling within a range of $296.0201 and $303.31. Referring to stock’s 52-week performance, its high was $301.53, and the low was $115.00. On the whole, GEV has fluctuated by 19.62% over the past month.
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With the market capitalization of GE Vernova Inc currently standing at about $83.19 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 35.08B, with a low estimate of 10.29B and a high estimate of 11.16B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.72B.
The stock’s technical analysis shows that the price of GEV currently trading nearly 8.62% and 23.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.80, while the 7-day volatility ratio is showing 3.52% which for the 30-day chart, stands at 3.09%. Furthermore, GE Vernova Inc (GEV)’s average true range (ATR) is 8.72.
Data on historical trading for GE Vernova Inc (NYSE:GEV) indicates that the trading volumes over the past 10 days have averaged 2.64 and over the past 3 months, they’ve averaged 2.76 million. According to company’s latest data on outstanding shares, there are 274.80 million shares outstanding.
Nearly 0.07% of GE Vernova Inc’s shares belong to company insiders and institutional investors own 80.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.88 million shares as on 2024-10-15, resulting in a short ratio of 1.44. The stock has risen by 129.93% 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.
