GE Vernova Inc (NYSE:GEV) shares, rose in value on Wednesday, May 07, with the stock price up by 1.39% to the previous day’s close as strong demand from buyers drove the stock to $406.81.
Actively observing the price movement in the last trading, the stock closed the session at $401.23. The PE ratio was 58.06 over 12-month period. Referring to stock’s 52-week performance, its high was $447.50, and the low was $150.01. On the whole, GEV has fluctuated by 42.21% over the past month.
With the market capitalization of GE Vernova Inc currently standing at about $111.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.25, with its dividend yield at 0.06%.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of GEV currently trading nearly 15.10% and 23.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.32, while the 7-day volatility ratio is showing 3.16% which for the 30-day chart, stands at 5.62%. Furthermore, GE Vernova Inc (GEV)’s beta value is 1.22, and its average true range (ATR) is 19.00.
A comparison of GE Vernova Inc (GEV) with its peers suggests the former has fared considerably weaker in the market. GEV showed an intraday change of 1.39% in last session, and over the past year, it grew by 144.68%%.
Data on historical trading for GE Vernova Inc (NYSE:GEV) indicates that the trading volumes over the past 3 months, they’ve averaged 4.05 million. According to company’s latest data on outstanding shares, there are 272.93 million shares outstanding.
Nearly 0.05% of GE Vernova Inc’s shares belong to company insiders and institutional investors own 79.29% of the company’s shares. The stock has risen by 23.68% 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.
