GE Vernova Inc (NYSE:GEV) price on current trading day, rose 5.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $335.80.
A look at the stock’s price movement, the close in the last trading session was $318.93, moving within a range at $320.5 and $343.4. The PE ratio in trailing twelve months stood at 59.69. Turning to its 52-week performance, $447.50 and $115.00 were the 52-week high and 52-week low respectively. Overall, GEV moved -10.03% over the past month.
GE Vernova Inc’s market cap currently stands at around $92.65 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-21.
Analysts have a consensus estimate of 7.56B for the company’s revenue for the quarter, with a low and high estimate of 7.4B and 7.81B respectively. The average forecast suggests up to a 4.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 36.76B, representing a 5.23% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GEV is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 6 recommend GEV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GEV’s current price about 6.61% and -4.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.05, while 7-day volatility ratio is 6.15% and 6.87% in the 30-day chart. Further, GE Vernova Inc (GEV) has a beta value of 1.17, and an average true range (ATR) of 21.65. Analysts have given the company’s stock an average 52-week price target of $351, forecast between a low of $165 and high of $445. Looking at the price targets, the low is 50.86% off current price level while to achieve the yearly target high, price needs to move -32.52%. Nonetheless, investors will most likely welcome a -4.53% jump to $351 which is the analysts’ median price.
If we refocus on GE Vernova Inc (NYSE:GEV), historical trading data shows that trading volumes averaged 4.94 over the past 10 days and 3.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 275.88 million shares.
The 0.06% of GE Vernova Inc’s shares are in the hands of company insiders while institutional holders own 79.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.99 million on 2025-02-28, giving us a short ratio of 0.99. Current price change has pushed the stock 2.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GEV stock continues to rise going into the next quarter.
