In today’s recent session, 0.52 million shares of the GE Vernova Inc (NYSE:GEV) have been traded, and its beta is 1.20. Most recently the company’s share price was $318.94, and it changed around -$9.62 or -2.93% from the last close, which brings the market valuation of the company to $87.18B. GEV at last check was trading at a discount to its 52-week high of $447.50, offering almost -40.31% off that amount. The share price’s 52-week low was $128.25, which indicates that the recent value has risen by an impressive 59.79% since then. We note from GE Vernova Inc’s average daily trading volume that its 10-day average is 4.93 million shares, with the 3-month average coming to 4.42 million.
GE Vernova Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.54. If we narrow it down even further, the data shows that 0 out of 35 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 7 recommended GEV as a Hold, whereas 19 deemed it a Buy, and 1 rated it as Underweight. GE Vernova Inc is expected to report earnings per share of 0.34 for the current quarter.
GE Vernova Inc (NYSE:GEV) trade information
Instantly GEV has been showing red trend so far today with a performance of -2.93% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 334.25 on recent trading dayincreased the stock’s daily price by 4.58%. The company’s shares are currently down -3.04% year-to-date, but still down -2.41% over the last five days. We can see from the shorts that 5.37 million shares have been sold at a short interest cover period of 1.22 day(s).
The consensus price target as assigned by Wall Street analysts is $370, which translates to bulls needing to increase their stock price by 13.8% from its current value. Analyst projections state that GEV is forecast to be at a low of $165 and a high of $445.
GE Vernova Inc (GEV) estimates and forecasts
The year-over-year growth rate is expected to be 5.23%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 7.55B in revenue for the current quarter. 18 analysts expect GE Vernova Inc to make 8.75B 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 3.93%. Forecasts for the next quarter put sales growth at 6.64%.
GEV Dividends
GE Vernova Inc’s next quarterly earnings report is expected to be released on 2025-Jan-21.
GE Vernova Inc (NYSE:GEV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.06% of GE Vernova Inc shares, and 80.44% of them are in the hands of institutional investors. The stock currently has a share float of 80.48%. GE Vernova Inc stock is held by 2347.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.8165% of the shares, which is about 26.9 million shares worth $4.61 billion.
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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 8.63 shares worth $2.76 billion, making up 3.16% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held roughly 7.46 shares worth around $2.39 billion, which represents about 2.73% of the total shares outstanding.
