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

GE Vernova Inc. (GEV) concluded trading on Thursday at a closing price of $191.36, with 3.14 million shares of worth about $601.08 million changed hands on the day. On August 29, 2024 the price saw a gain of about 4.00%. Currently the company’s common shares owned by public are about 274.80M shares, out of which, 274.48M shares are available for trading.

Stock saw a price change of 2.88% in past 5 days and over the past one month there was a price change of 7.36%. Over the period of past 52 weeks, stock dropped to lowest price of $115.00 but also hit the highest price of $190.80 during that period. The average intraday trading volume for GE Vernova Inc. shares is 3.06 million. The stock is currently trading 7.04% above its 20-day simple moving average (SMA20), while that difference is up 9.19% for SMA50 and it goes to 16.37% 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 81.43% of that.

The stock has a current market capitalization of $52.59B. 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 4.02% while standing at 4.39% over the month.

Stock’s fiscal year EPS is expected to rise by 265.62% while it is estimated to increase by 72.84% in next year.

Coverage by HSBC Securities stated GE Vernova Inc. (GEV) stock as a Buy in their note to investors on August 12, 2024, suggesting a price target of $215 for the stock. On August 01, 2024, Morgan Stanley Upgrade their recommendations, while on July 02, 2024, Redburn Atlantic Initiated their ratings for the stock with a price target of $178. Stock get an Outperform rating from Daiwa Securities on June 21, 2024.

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