Putting The Spotlight On GE Vernova Inc. (GEV)

GE Vernova Inc. (NYSE:GEV) currently has a daily average trading volume of 2.93M but it saw 1902627 shares traded in last market. With a market cap of 69.99B USD, the company’s current market price of $254.68 came rising about 0.95 while comparing to the previous closing price of $252.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $258.64 and as low as $115.00. In the recent trading on the day, stock has struck highest price mark of $250.89 while lowest mark touched by it was $257.24.

Taking a look at 20-day trading activity of GE Vernova Inc. (GEV) gives us an average price of $236.32, while its current price level is -1.53% below from 52-week high level whereas it is 121.46% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $202.62. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.65% during that period while stretching the period over a month that increases to 3.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 74.45 which implies that the stock is in overbought territory.

Over the week, GEV’s stock price is moving 1.38% up while it is 27.58% when we observe its performance for the past one month. Year-to-date it is 94.04% up and over the past year.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.41 beaten by the consensus estimate of -0.36 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0.38 while estimate for next year EPS is 3.12. In next quarter, company is expected to be making quarterly sales of $10.68B as analysts are expecting the sales for current fiscal year at $34.9B and seeing the company making $36.95B in sales next year. Moreover, analysts are in estimates of $8.8B for current-quarter revenue.

Currently, GE Vernova Inc.’s total number of outstanding shares is 274.80M. It has a 39.82 of forward P/E ratio. Stock has a price to book (P/B) ratio of 7.72.