Set Your Sights On GE Vernova Inc. (NYSE: GEV)’S Upside Potential

GE Vernova Inc. (GEV) concluded trading on Thursday ata closing price of $188.82, with 3.45 million shares of worth about $652.14 million changed hands on the day. On August 15, 2024 the price saw a gain of about 2.53%. Currently the company’s common shares owned by public are about 274.80M shares, out of which, 274.58M shares are available for trading.

Stock saw a price change of 6.55% in past 5 days and over the past one month there was a price change of 13.86%. Over the period of past 52 weeks, stock dropped to lowest price of $115.00 but also hit the highest price of $185.50 during that period. The average intraday trading volume for GE Vernova Inc. shares is 3.08 million. The stock is currently trading 11.10% above its 20-day simple moving average (SMA20), while that difference is up 9.88% for SMA50 and it goes to 16.31% higher than SMA200.

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GE Vernova Inc. (NYSE: GEV) currently have 274.80M outstanding shares and institutions hold larger chunk of about 80.75% of that.

The stock has a current market capitalization of $51.89B. It has Quick Ratio of 0.74 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 3.86% while standing at 5.15% over the month.

Stock’s fiscal year EPS is expected to rise by 268.57% while it is estimated to increase by 69.48% 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 HSBC Securities on August 12, 2024 offering a Buy rating for the stock and assigned a target price of $215 to it. Coverage by Morgan Stanley stated GE Vernova Inc. (GEV) stock as an Overweight in their note to investors on August 01, 2024, suggesting a price target of $220 for the stock. On July 02, 2024, Redburn Atlantic Initiated their recommendations, while on June 21, 2024, Daiwa Securities Initiated their ratings for the stock with a price target of $201.50. Stock get a Buy rating from Argus on June 13, 2024.

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