GE Vernova Inc. [NYSE: GEV] stock went on a downward path that fall over -4.20% on Tuesday, amounting to a one-week price increase of more than 5.72%.
The one-year GE Vernova Inc. stock forecast points to a potential upside of 5.7. The average equity rating for GEV stock is currently 1.65, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $52.91 billion, with 274.80 million shares outstanding and 274.47 million shares in the current float. Compared to the average trading volume of 3.10M shares, GEV stock reached a trading volume of 4225142 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on GE Vernova Inc. [GEV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GEV shares is $204.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GEV stock is a recommendation set at 1.65. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
William Blair have made an estimate for GE Vernova Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 29, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price to Buy. The new note on the price target was released on August 12, 2024, representing the official price target for GE Vernova Inc. stock. Previously, the target price had yet another raise from $175 to $220, while Morgan Stanley kept a Overweight rating on GEV stock.
The Average True Range (ATR) for GE Vernova Inc. is set at 8.39 The Price to Book ratio for the last quarter was 5.83, with the Price to Cash per share for the same quarter was set at 21.03.
GEV Stock Performance Analysis:
GE Vernova Inc. [GEV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.72.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GEV stock in for the last two-week period is set at 59.01, with the RSI for the last a single of trading hit 59.86, and the three-weeks RSI is set at 57.87 for GE Vernova Inc. [GEV]. The present Moving Average for the last 50 days of trading for this stock 176.31, while it was recorded at 190.89 for the last single week of trading.
Insight into GE Vernova Inc. Fundamentals:
GE Vernova Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 1.01.
GE Vernova Inc. [GEV] Institutonal Ownership Details
There are presently around $81.08%, or 81.15%% of GEV stock, in the hands of institutional investors.
