GE Vernova Inc (NYSE:GEV) has a beta value of 1.36 and has seen 0.67 million shares traded in the recent trading session. The company, currently valued at $88.13B, closed the recent trade at $319.42 per share which meant it gained $3.78 on the day or 1.20% during that session. The GEV stock price is -40.1% off its 52-week high price of $447.50 and 62.74% above the 52-week low of $119.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.43 million shares traded. The 3-month trading volume is 4.10 million shares.
The consensus among analysts is that GE Vernova Inc (GEV) is Buy stock at the moment, with a recommendation rating of 1.57. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 9 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.31.
GE Vernova Inc (NYSE:GEV) trade information
Sporting 1.20% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GEV stock price touched $319.42 or saw a rise of 0.4%. Year-to-date, GE Vernova Inc shares have moved -2.89%, while the 5-day performance has seen it change 0.54%. Over the past 30 days, the shares of GE Vernova Inc (NYSE:GEV) have changed 2.03%. Short interest in the company has seen 4.88 million shares shorted with days to cover at 0.99.
Wall Street analysts have a consensus price target for the stock at $352.5, which means that the shares’ value could jump 9.38% from the levels at last check today. The projected low price target is $165.0 while the price target rests at a high of $445.0. In that case, then, we find that the latest price level in today’s session is -39.32% off the targeted high while a plunge would see the stock lose 48.34% from the levels at last check today.
GE Vernova Inc (GEV) estimates and forecasts
The company’s shares have gained 25.27% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 5.16%.
17 analysts offering their estimates for the company have set an average revenue estimate of 7.55B for the current quarter. 17 have an estimated revenue figure of 8.7B for the next ending quarter. Year-ago sales stood 7.26B and 8.2B respectively for this quarter and the next, and analysts expect sales will grow by 4.05% for the current quarter and 5.16% for the next.
GEV Dividends
GE Vernova Inc is expected to release its next earnings report on 2025-Jan-21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
GE Vernova Inc (NYSE:GEV)’s Major holders
Insiders own 0.12% of the company shares, while shares held by institutions stand at 80.38% with a share float percentage of 80.47%. Investors are also buoyed by the number of investors in a company, with GE Vernova Inc having a total of 2324.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 26.9 million shares worth more than $4.61 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.8165% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 23.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.02 billion and represent 8.5633% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. As of Dec 31, 2024, the former fund manager holds about 3.16% shares in the company for having 8.63 shares of worth $2.79 billion while later fund manager owns 7.46 shares of worth $2.41 billion as of Dec 31, 2024, which makes it owner of about 2.73% of company’s outstanding stock.
