GE Vernova Inc (NYSE:GEV) shares, rose in value, with the stock price down by -2.13% to the previous day’s close as strong demand from buyers drove the stock to $362.42.
Actively observing the price movement in the recent trading, the stock is buoying the session at $370.31, falling within a range of $357.0 and $368.3. The PE ratio was 64.42 over 12-month period. Referring to stock’s 52-week performance, its high was $447.50, and the low was $115.00. On the whole, GEV has fluctuated by -6.36% over the past month.
With the market capitalization of GE Vernova Inc currently standing at about $99.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.25, with its dividend yield at 0.07%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GEV’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.32, with the price of GEV currently trading nearly -4.58% and 0.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.21, while the 7-day volatility ratio is showing 4.20% which for the 30-day chart, stands at 5.08%. Furthermore, GE Vernova Inc (GEV)’s average true range (ATR) is 19.63.
Data on historical trading for GE Vernova Inc (NYSE:GEV) indicates that the trading volumes over the past 10 days have averaged 2.72 and over the past 3 months, they’ve averaged 3.28 million. According to company’s latest data on outstanding shares, there are 275.88 million shares outstanding.
Nearly 0.06% of GE Vernova Inc’s shares belong to company insiders and institutional investors own 78.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.16 million shares as on 2024-12-31, resulting in a short ratio of 1.77. The stock has risen by 10.18% 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.