In the latest trading session, 1.01 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 $305.43 changed hands at -$10.48 or -3.32% at last look, the market valuation stands at $84.27B. GEV’s current price is a discount, trading about -46.51% off its 52-week high of $447.50. The share price had its 52-week low at $115.00, which suggests the last value was 62.35% up since then.
Analysts gave the GE Vernova Inc (GEV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.70. 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 0.29.
GE Vernova Inc (NYSE:GEV) trade information
Instantly GEV was in red as seen in intraday trades today. With action -18.17%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.15%, with the 5-day performance at -18.17% in the red. However, in the 30-day time frame, GE Vernova Inc (NYSE:GEV) is -27.36% down.
The consensus price target for the stock as assigned by Wall Street analysts is 300, meaning bulls need a downside of -1.81% from its recent market value. According to analyst projections, GEV’s forecast low is 165 with 400 as the target high. To hit the forecast high, the stock’s price needs a -30.96% plunge from its current level, while the stock would need to tank 45.98% for it to hit the projected low.
GE Vernova Inc (GEV) estimates and forecasts
Year-over-year growth is forecast to reach 5.17% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 7.55B. 17 analysts are of the opinion that GE Vernova Inc’s revenue for the current quarter will be 8.75B. The company’s revenue for the corresponding quarters a year ago was 7.26B and 8.2B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.05%. The estimates for the next quarter sales put growth at 6.60%.
The 2025 estimates are for GE Vernova Inc earnings to increase by 1105.74%, but the outlook for the next 5-year period is at 199.78% per year.
GEV Dividends
GE Vernova Inc is expected to release its next quarterly earnings report in March. The 0.08% annual yield figure for the share gives it an annual dividend of 0.25. It is important to note, however, that the 0.08% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
GE Vernova Inc (NYSE:GEV)’s Major holders
FMR LLC holds the second largest percentage of outstanding shares, with 8.5633% or 23.46 million shares worth $4.02 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 8.72 shares estimated at $2.62 billion under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.61% of the shares, roughly 7.2 shares worth around $2.16 billion.
