In today’s recent session, 0.69 million shares of the GE Vernova Inc. (NYSE:GEV) were traded. Most recently the company’s share price was $236.23, and it changed around -$0.92 or -0.39% from the last close, which brings the market valuation of the company to $64.91B. GEV at last check was trading at a discount to its 52-week high of $240.00, offering almost -1.6% off that amount. The share price’s 52-week low was $115.00, which indicates that the recent value has risen by an impressive 51.32% since then. We note from GE Vernova Inc.’s average daily trading volume that its 10-day average is 3.33 million shares, with the 3-month average coming to 2.92 million.
GE Vernova Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.55. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended GEV as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. GE Vernova Inc. is expected to report earnings per share of 0.45 for the current quarter.
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GE Vernova Inc. (NYSE:GEV) trade information
Instantly GEV has been showing red trend so far today with a performance of -0.39% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 240.00 on recent trading dayincreased the stock’s daily price by 1.57%. The company’s shares are currently up 79.98% year-to-date, but still up 12.95% over the last five days. On the other hand, GE Vernova Inc. (NYSE:GEV) is 27.41% up in the 30-day period. We can see from the shorts that 4.67 million shares have been sold at a short interest cover period of 1.74 day(s).
The consensus price target as assigned by Wall Street analysts is $220, which translates to bulls needing to decrease their stock price by -7.38% from its current value. Analyst projections state that GEV is forecast to be at a low of $160 and a high of $300.
GE Vernova Inc. (GEV) estimates and forecasts
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 8.84B in revenue for the current quarter. 11 analysts expect GE Vernova Inc. to make 10.73B in revenue for the current ending quarter.
GE Vernova Inc. (NYSE:GEV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.10% of GE Vernova Inc. shares, and 81.19% of them are in the hands of institutional investors. The stock currently has a share float of 81.27%.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 8.67 shares worth $2.05 billion, making up 3.15% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 7.03 shares worth around $1.66 billion, which represents about 2.56% of the total shares outstanding.
