GE Vernova Inc. (GEV) concluded trading on Wednesday at a closing price of $164.00, with 3.65 million shares of worth about $599.11 million changed hands on the day. On May 08, 2024 the price saw a loss of about -2.01%. Currently the company’s common shares owned by public are about 274.09M shares, out of which, 274.07M shares are available for trading.
Stock saw a price change of 8.13% in past 5 days and over the past one month there was a price change of 24.08%. Over the period of past 52 weeks, stock dropped to lowest price of $115.00 but also hit the highest price of $173.50 during that period. The average intraday trading volume for GE Vernova Inc. shares is 6.16 million. The stock is currently trading 11.91% above its 20-day simple moving average (SMA20), while that difference is up 15.18% for SMA50 and it goes to 15.18% higher than SMA200.
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GE Vernova Inc. (NYSE: GEV) currently have 274.09M outstanding shares and institutions hold larger chunk of about 33.19% of that.
The stock has a current market capitalization of $44.95B. It has Quick Ratio of 0.69 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GEV, volatility over the week remained 4.08% while standing at 4.75% over the month.
Analysts are in expectations that GE Vernova Inc. (GEV) stock would likely to be making an EPS of $0.69 in the current quarter, while forecast for next quarter EPS is $0.74 and it is $5.61 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $0.89 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$ in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 267.36% while it is estimated to increase by 63.56% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on April 24, 2024 offering a Neutral rating for the stock and assigned a target price of $150 to it. Coverage by Melius stated GE Vernova Inc. (GEV) stock as a Hold in their note to investors on April 22, 2024, suggesting a price target of $147 for the stock. On April 18, 2024, Evercore ISI Initiated their recommendations, while on April 17, 2024, Raymond James Initiated their ratings for the stock with a price target of $160. Stock get an Outperform rating from Exane BNP Paribas on April 17, 2024.
