At the time of writing, GE Vernova Inc. [GEV] stock is trading at $162.90, down -4.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GEV shares have lost -1.77% over the last week, with a monthly amount drifted -8.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
GE Vernova Inc. [NYSE: GEV] stock has seen the most recent analyst activity on July 02, 2024, when Redburn Atlantic initiated its Neutral rating and assigned the stock a price target of $178. Previously, Daiwa Securities started tracking the stock with Outperform rating on June 21, 2024, and set its price target to $201.50. On June 13, 2024, Argus initiated with a Buy rating and assigned a price target of $190 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $183 on June 11, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $167 as its price target on May 23, 2024. BofA Securities started tracking with a Neutral rating for this stock on April 24, 2024, and assigned it a price target of $150. In a note dated April 22, 2024, Melius initiated an Hold rating and provided a target price of $147 on this stock.
For the past year, the stock price of GE Vernova Inc. fluctuated between $115.00 and $185.50. Currently, Wall Street analysts expect the stock to reach $173.81 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $162.90 at the most recent close of the market. An investor can expect a potential return of 6.7% based on the average GEV price forecast.
Analyzing the GEV fundamentals
Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 159.65 points at the first support level, and at 156.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.22, and for the 2nd resistance point, it is at 175.55.
Ratios To Look Out For
It is important to note that GE Vernova Inc. [NYSE:GEV] has a current ratio of 0.95. In addition, the Quick Ratio stands at 0.69 and the Cash Ratio stands at 0.11.
