GE Vernova Inc. (NYSE:GEV) currently has a daily average trading volume of 2.95M but it saw 1759535 shares traded in last market. With a market cap of 72.72B USD, the company’s current market price of $264.62 came falling about -0.74 while comparing to the previous closing price of $266.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $269.30 and as low as $115.00. In the recent trading on the day, stock has struck highest price mark of $261.79 while lowest mark touched by it was $266.55.
Taking a look at 20-day trading activity of GE Vernova Inc. (GEV) gives us an average price of $251.17, while its current price level is -1.74% below from 52-week high level whereas it is 130.10% 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 $212.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.64% during that period while stretching the period over a month that increases to 3.20%. 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 73.92 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the HSBC Securities which downgraded the stock as “Hold” in its note to investors issued on October 04, 2024, recommending a price target of between $240 and $255 for it. Truist issued its recommendations for the stock as it initiated the price target for the stock is $300.
Over the week, GEV’s stock price is moving 3.90% up while it is 26.52% when we observe its performance for the past one month. Year-to-date it is 101.62% 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 0.32 while estimate for next year EPS is 3.12. In next quarter, company is expected to be making quarterly sales of $10.71B as analysts are expecting the sales for current fiscal year at $34.92B and seeing the company making $36.95B in sales next year. Moreover, analysts are in estimates of $8.81B for current-quarter revenue.
Currently, GE Vernova Inc.’s total number of outstanding shares is 274.80M. It has a 41.01 of forward P/E ratio. Stock has a price to book (P/B) ratio of 8.02.
