GE Vernova Inc (NYSE:GEV) shares, rose in value on Wednesday, March 26, with the stock price down by -5.50% to the previous day’s close as strong demand from buyers drove the stock to $317.70.
Actively observing the price movement in the last trading, the stock closed the session at $336.20, falling within a range of $314.67 and $335.45. The PE ratio was 56.47 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 0.00% over the past month.
With the market capitalization of GE Vernova Inc currently standing at about $87.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-21.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 36.76B, with a low estimate of 7.4B and a high estimate of 7.81B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.56B.
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 Hold 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 50% Buy.
The stock’s technical analysis shows that the price of GEV currently trading nearly 0.67% and -9.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.31, while the 7-day volatility ratio is showing 4.05% which for the 30-day chart, stands at 6.00%. Furthermore, GE Vernova Inc (GEV)’s beta value is 0.98, and its average true range (ATR) is 19.60.
Data on historical trading for GE Vernova Inc (NYSE:GEV) indicates that the trading volumes over the past 10 days have averaged 3.47 and over the past 3 months, they’ve averaged 3.97 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 79.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.88 million shares as on 2025-03-14, resulting in a short ratio of 0.99. The stock has fallen by -3.41% 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.
