In today’s recent session, 0.84 million shares of the GE Vernova Inc (NYSE:GEV) have been traded, and its beta is 1.22. Most recently the company’s share price was $321.36, and it changed around $8.29 or 2.65% from the last close, which brings the market valuation of the company to $88.66B. GEV at last check was trading at a discount to its 52-week high of $447.50, offering almost -39.25% off that amount. The share price’s 52-week low was $115.00, which indicates that the recent value has risen by an impressive 64.21% since then.
GE Vernova Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.61. If we narrow it down even further, the data shows that 0 out of 32 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 7 recommended GEV as a Hold, whereas 16 deemed it a Buy, and 1 rated it as Underweight. GE Vernova Inc is expected to report earnings per share of 0.29 for the current quarter.
GE Vernova Inc (NYSE:GEV) trade information
Instantly GEV has been showing a green trend so far today with a performance of 2.65% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 348.51 on recent trading dayincreased the stock’s daily price by 7.79%. The company’s shares are currently down -2.30% year-to-date, but still down -4.14% over the last five days. On the other hand, GE Vernova Inc (NYSE:GEV) is -11.16% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $300, which translates to bulls needing to decrease their stock price by -7.12% from its current value. Analyst projections state that GEV is forecast to be at a low of $165 and a high of $400.
GE Vernova Inc (GEV) estimates and forecasts
The year-over-year growth rate is expected to be 5.17%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 7.56B in revenue for the current quarter. 16 analysts expect GE Vernova Inc to make 8.7B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.26B and 8.2B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.12%. Forecasts for the next quarter put sales growth at 6.09%.
GE Vernova Inc (NYSE:GEV)’s Major holders
FMR LLC, with 8.5633% or 23.46 million shares worth $4.02 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 8.72 shares worth $2.79 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 7.46 shares worth around $2.39 billion, which represents about 2.70% of the total shares outstanding.
