GE Vernova Inc. (NYSE:GEV) Up Almost 14.21% In One Month, Looking Good For The Long Term

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In recent trading session, GE Vernova Inc. (NYSE:GEV) saw 1.2 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $189.39 trading at $5.23 or 2.84% at last check today assigns it a market valuation of $52.04B. That most recent trading price of GEV’s stock is at a premium of 2.05% from its 52-week high price of $185.50 and is indicating a premium of 39.28% from its 52-week low price of $115.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.79 million shares which gives us an average trading volume of 3.08 million if we extend that period to 3-months.

For GE Vernova Inc. (GEV), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.72. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.87 in the current quarter.

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GE Vernova Inc. (NYSE:GEV) trade information

Upright in the green today for gaining 2.84%, in the last five days GEV remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $189.39 price level, subtracting -0.26% to its value on the day. GE Vernova Inc.’s shares saw a change of 44.30% in year-to-date performance and have moved 6.87% in past 5-day. GE Vernova Inc. (NYSE:GEV) showed a performance of 14.21% in past 30-days. Number of shares sold short was 4.05 million shares which calculate 1.4 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 190 to the stock, which implies a rise of 0.32% to its recent value today. Analysts have been projecting 154 as a low price target for the stock while placing it at a high target of 220. It follows that stock’s current price would jump 18.69% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.69% for stock’s current value.

GE Vernova Inc. (GEV) estimates and forecasts

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.73B for the same. And 8 analysts are in estimates of company making revenue of 10.59B in the next quarter.

GE Vernova Inc. (NYSE:GEV)’s Major holders

Insiders are in possession of 0.08% of company’s total shares while institution are holding 80.04 percent of that, with stock having share float percentage of 80.11%. Investors also watch the number of corporate investors in a company very closely, which is 80.04% institutions for GE Vernova Inc. that are currently holding shares of the company.

On the other hand, Fidelity 500 Index Fund and SPDR S&P 500 ETF Trust are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 3.35 shares of worth $634.29 million or 1.22% of the total outstanding shares. The later fund manager was in possession of 3.24 shares on Jun 30, 2024, making its stake of worth around $613.81 million in the company or a holder of 1.18% of company’s stock.