GE Vernova Inc [NYSE: GEV] stock went on a downward path that fall over -7.36% on Tuesday, amounting to a one-week price increase of more than 2.51%.
The one-year GE Vernova Inc stock forecast points to a potential downside of -4.43. 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 $89.23 billion, with 275.65 million shares outstanding and 275.40 million shares in the current float. Compared to the average trading volume of 2.69M shares, GEV stock reached a trading volume of 6117418 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 $309.99 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.
Daiwa Securities have made an estimate for GE Vernova Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 30, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on October 21, 2024, representing the official price target for GE Vernova Inc stock. Previously, the target price had yet another raise from $240 to $255, while HSBC Securities kept a Hold rating on GEV stock.
The Average True Range (ATR) for GE Vernova Inc is set at 11.79 The Price to Book ratio for the last quarter was 9.39, with the Price to Cash per share for the same quarter was set at 26.83.
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 2.51. With this latest performance, GEV shares gained by 20.12% in over the last four-week period, additionally plugging by 95.44% over the last 6 months.
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 64.15, with the RSI for the last a single of trading hit 59.52, and the three-weeks RSI is set at 66.60 for GE Vernova Inc [GEV]. The present Moving Average for the last 50 days of trading for this stock 265.61, while it was recorded at 337.48 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 0.76 and a Current Ratio set at 1.03.
GEV Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GEV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GE Vernova Inc go to 37.00%.
GE Vernova Inc [GEV] Institutonal Ownership Details
There are presently around $81.12%, or 81.20%% of GEV stock, in the hands of institutional investors.
