Better Times Ahead For GE Vernova Inc. (NYSE: GEV)?

GE Vernova Inc. (GEV) concluded trading on Thursday at a closing price of $177.18, with 4.0 million shares of worth about $709.41 million changed hands on the day. On June 20, 2024 the price saw a loss of about -1.33%. Currently the company’s common shares owned by public are about 274.09M shares, out of which, 273.98M shares are available for trading.

Stock saw a price change of -0.19% in past 5 days and over the past one month there was a price change of 10.08%. Over the period of past 52 weeks, stock dropped to lowest price of $115.00 but also hit the highest price of $182.78 during that period. The average intraday trading volume for GE Vernova Inc. shares is 4.81 million. The stock is currently trading 4.24% above its 20-day simple moving average (SMA20), while that difference is up 11.50% for SMA50 and it goes to 14.04% 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 36.24% of that.

The stock has a current market capitalization of $48.56B. 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 5.64% while standing at 5.03% over the month.

Stock’s fiscal year EPS is expected to rise by 266.87% while it is estimated to increase by 62.25% 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 Argus on June 13, 2024 offering a Buy rating for the stock and assigned a target price of $190 to it. Coverage by Citigroup stated GE Vernova Inc. (GEV) stock as a Neutral in their note to investors on June 11, 2024, suggesting a price target of $183 for the stock. On May 23, 2024, Morgan Stanley Initiated their recommendations, while on April 24, 2024, BofA Securities Initiated their ratings for the stock with a price target of $150. Stock get a Hold rating from Melius on April 22, 2024.

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