In the last trading session, 2.3 million GE Vernova Inc (NYSE:GEV) shares changed hands as the company’s beta touched 1.14. With the company’s per share price at $371.19 changed hands at $1.13 or 0.31% during last session, the market valuation stood at $101.31B. GEV’s last price was a discount, traded about -20.56% off its 52-week high of $447.50. The share price had its 52-week low at $149.42, which suggests the last value was 59.75% up since then. When we look at GE Vernova Inc’s average trading volume, we note the 10-day average is 3.43 million shares, with the 3-month average coming to 4.16 million.
Analysts gave the GE Vernova Inc (GEV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.57. 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 1.42.
GE Vernova Inc (NYSE:GEV) trade information
Instantly GEV was in green as seen at the end of in last trading. With action 13.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 12.85%, with the 5-day performance at 13.84% in the green. However, in the 30-day time frame, GE Vernova Inc (NYSE:GEV) is 22.53% up. Looking at the short shares, we see there were 5.07 million shares sold at short interest cover period of 1.23 days.
The consensus price target for the stock as assigned by Wall Street analysts is 380, meaning bulls need an upside of 2.32% from its current market value. According to analyst projections, GEV’s forecast low is 351 with 445 as the target high. To hit the forecast high, the stock’s price needs a -19.88% plunge from its current level, while the stock would need to tank 5.44% for it to hit the projected low.
GE Vernova Inc (GEV) estimates and forecasts
Year-over-year growth is forecast to reach 5.60% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 8.76B. 19 analysts are of the opinion that GE Vernova Inc’s revenue for the current quarter will be 9.27B. The company’s revenue for the corresponding quarters a year ago was 8.2B and 8.91B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.80%. The estimates for the next quarter sales put growth at 4.01%.
The 2025 estimates are for GE Vernova Inc earnings to increase by 1150.13%.
GEV Dividends
GE Vernova Inc is expected to release its next quarterly earnings report on 2025-Apr-22. The 0.07% annual yield figure for the share gives it an annual dividend of 0.25. It is important to note, however, that the 0.07% 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
If we look at who the major shareholders are, we find that insiders hold 0.06% of GE Vernova Inc shares while 79.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.97%. There are 79.92% institutions holding the GE Vernova Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.8165% of the shares, roughly 26.9 million GEV shares worth $4.61 billion.
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.
