GE Vernova Inc. (GEV) concluded trading on Wednesday at a closing price of $279.88, with 4.24 million shares of worth about $1.19 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 91.46% during that period and on October 23, 2024 the price saw a gain of about 1.25%. Currently the company’s common shares owned by public are about 274.80M shares, out of which, 274.61M shares are available for trading.
Stock saw a price change of 1.86% in past 5 days and over the past one month there was a price change of 9.55%. Over the period of past 52 weeks, stock dropped to lowest price of $115.00 but also hit the highest price of $281.37 during that period. The average intraday trading volume for GE Vernova Inc. shares is 2.85 million. The stock is currently trading 5.65% above its 20-day simple moving average (SMA20), while that difference is up 21.48% for SMA50 and it goes to 50.88% 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 81.25% of that.
The stock has a current market capitalization of $76.91B. 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 3.03% while standing at 2.92% over the month.
Stock’s fiscal year EPS is expected to rise by 239.20% while it is estimated to increase by 123.08% 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 Deutsche Bank on October 21, 2024 offering a Buy rating for the stock and assigned a target price of $354 to it. Coverage by HSBC Securities stated GE Vernova Inc. (GEV) stock as a Hold in their note to investors on October 04, 2024, suggesting a price target of $255 for the stock. On October 02, 2024, Raymond James Downgrade their recommendations, while on September 26, 2024, Truist Initiated their ratings for the stock with a price target of $300. Stock get a Perform rating from Oppenheimer on September 26, 2024.
