GE Vernova Inc. (NYSE: GEV) Not A Good Play Anymore?

GE Vernova Inc. (GEV) concluded trading on Thursday at a closing price of $251.22, with 2.81 million shares of worth about $707.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 91.41% during that period and on September 26, 2024 the price saw a loss of about -1.50%. Currently the company’s common shares owned by public are about 274.80M shares, out of which, 274.44M shares are available for trading.

Stock saw a price change of 2.77% in past 5 days and over the past one month there was a price change of 35.39%. Over the period of past 52 weeks, stock dropped to lowest price of $115.00 but also hit the highest price of $257.75 during that period. The average intraday trading volume for GE Vernova Inc. shares is 2.93 million. The stock is currently trading 14.87% above its 20-day simple moving average (SMA20), while that difference is up 30.81% for SMA50 and it goes to 45.30% 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 80.51% of that.

The stock has a current market capitalization of $69.04B. 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 3.17% while standing at 3.96% over the month.

Stock’s fiscal year EPS is expected to rise by 247.92% while it is estimated to increase by 105.72% 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 Truist on Sep-27-24 offering a Buy rating for the stock and assigned a target price of $300 to it. On September 24, 2024, Guggenheim Initiated their recommendations, while on September 17, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $300. Stock get an Overweight rating from Barclays on September 16, 2024.

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