GE Vernova Inc (NYSE:GEV) price on Thursday, April 10, fall -5.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $309.95.
A look at the stock’s price movement, the close in the last trading session was $326.81, moving within a range at $303.1 and $322.04. The PE ratio in trailing twelve months stood at 55.10. Turning to its 52-week performance, $447.50 and $128.25 were the 52-week high and 52-week low respectively. Overall, GEV moved 3.77% over the past month.
GE Vernova Inc’s market cap currently stands at around $84.72 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-21.
Analysts have a consensus estimate of 7.55B for the company’s revenue for the quarter, with a low and high estimate of 7.4B and 7.8B respectively. The average forecast suggests up to a 4.02% 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 36.77B, representing a 5.25% 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 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -1.68% and -6.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.84, while 7-day volatility ratio is 12.97% and 7.22% in the 30-day chart. Further, GE Vernova Inc (GEV) has a beta value of 1.27, and an average true range (ATR) of 25.89. Analysts have given the company’s stock an average 52-week price target of $370, forecast between a low of $165 and high of $445. Looking at the price targets, the low is 46.77% off current price level while to achieve the yearly target high, price needs to move -43.57%. Nonetheless, investors will most likely welcome a -19.37% jump to $370 which is the analysts’ median price.
If we refocus on GE Vernova Inc (NYSE:GEV), historical trading data shows that trading volumes averaged 5.33 over the past 10 days and 4.42 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 79.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.88 million on 2025-03-14, giving us a short ratio of 0.99. Current price change has pushed the stock -5.77% 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.
