With 275.65M Outstanding Shares, Can GE Vernova Inc (NYSE: GEV) Deliver Big Short-Term Gains?

GE Vernova Inc (NYSE:GEV) currently has a daily average trading volume of 2.78M but it saw 2444714 shares traded in last market. With a market cap of 89.87B USD, the company’s current market price of $326.04 came falling about -2.17 while comparing to the previous closing price of $333.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $349.79 and as low as $115.00. In the recent trading on the day, stock has struck highest price mark of $325.29 while lowest mark touched by it was $335.111.

Taking a look at 20-day trading activity of GE Vernova Inc (GEV) gives us an average price of $307.11, while its current price level is -6.79% below from 52-week high level whereas it is 183.51% 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 $270.84. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.38% during that period while stretching the period over a month that decreases to 3.80%. 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 62.79 which implies that the stock is in neutral territory.

HSBC Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $240 and $255.

Over the week, GEV’s stock price is moving -3.19% down while it is 18.66% when we observe its performance for the past one month. Year-to-date it is 148.41% up and over the past year.

Currently, GE Vernova Inc’s total number of outstanding shares is 275.65M. It has a 46.85 of forward P/E ratio. Stock has a price to book (P/B) ratio of 9.46.