In the latest trading session, 1.59 million GE Vernova Inc. (NYSE:GEV) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $277.17 changing hands around $0.75 or 0.27% at last look, the market valuation stands at $76.17B. GEV’s current price is a discount, trading about -1.52% off its 52-week high of $281.37. The share price had its 52-week low at $115.00, which suggests the last value was 58.51% up since then. When we look at GE Vernova Inc.’s average trading volume, we note the 10-day average is 2.15 million shares, with the 3-month average coming to 2.85 million.
Analysts gave the GE Vernova Inc. (GEV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.72. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended GEV as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. GE Vernova Inc.’s EPS for the current quarter is expected to be 0.24.
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GE Vernova Inc. (NYSE:GEV) trade information
Instantly GEV is in green as seen in intraday trades today. With action 0.87%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 111.18%, with the 5-day performance at 0.87% in the green. However, in the 30-day time frame, GE Vernova Inc. (NYSE:GEV) is 8.49% up. Looking at the short shares, we see there were 4.77 million shares sold at short interest cover period of 1.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 245, meaning bulls need a downside of -13.13% from its recent market value. According to analyst projections, GEV’s forecast low is 160 with 354 as the target high. To hit the forecast high, the stock’s price needs a -27.72% plunge from its current level, while the stock would need to tank 42.27% for it to hit the projected low.
GE Vernova Inc. (GEV) estimates and forecasts
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 8.78B. 15 analysts are of the opinion that GE Vernova Inc.’s revenue for the current quarter will be 10.75B.
The 2024 estimates are for GE Vernova Inc. earnings to increase by 238.50%, but the outlook for the next 5-year period is at 35.00% per year.
GE Vernova Inc. (NYSE:GEV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.10% of GE Vernova Inc. shares while 81.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.51%.
