The Week Ahead: Are Investors Really Too Optimistic About GE Vernova Inc (NYSE: GEV)

GE Vernova Inc (NYSE:GEV) currently has a daily average trading volume of 2.81M but it saw 1062347 shares traded in last market. With a market cap of 96.39B USD, the company’s current market price of $347.29 came rising about 0.69 while comparing to the previous closing price of $344.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $357.09 and as low as $115.00. In the recent trading on the day, stock has struck highest price mark of $343.32 while lowest mark touched by it was $348.99.

Taking a look at 20-day trading activity of GE Vernova Inc (GEV) gives us an average price of $336.77, while its current price level is -2.74% below from 52-week high level whereas it is 201.99% 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 $320.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.08% during that period while stretching the period over a month that decreases to 3.86%. 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 57.06 which implies that the stock is in neutral 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 Daiwa Securities which downgraded the stock as “Outperform” in its note to investors issued on December 11, 2024, recommending a price target of between $336 and $348 for it. Wolfe Research issued its recommendations for the stock as it initiated the price target for the stock is $403.

Over the week, GEV’s stock price is moving 5.38% up while it is -0.91% when we observe its performance for the past one month. Year-to-date it is 163.62% up and over the past year.

Currently, GE Vernova Inc’s total number of outstanding shares is 275.63M. It has a 50.24 of forward P/E ratio. Stock has a price to book (P/B) ratio of 10.07.