Are GE Vernova Inc. (GEV) stocks a prudent buy?

GE Vernova Inc. [GEV] stock is trading at $164.35, up 1.30%. 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 gain 1.01% over the last week, with a monthly amount drifted -5.75%, 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 August 01, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $220 from $175. Previously, Redburn Atlantic started tracking the stock with Neutral rating on July 02, 2024, and set its price target to $178. On June 21, 2024, Daiwa Securities initiated with a Outperform rating and assigned a price target of $201.50 on the stock. Argus started tracking the stock assigning a Buy rating and suggested a price target of $190 on June 13, 2024. Citigroup initiated its recommendation with a Neutral and recommended $183 as its price target on June 11, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on May 23, 2024, and assigned it a price target of $167. In a note dated April 24, 2024, BofA Securities initiated an Neutral rating and provided a target price of $150 on this stock.

GE Vernova Inc. [GEV] stock has fluctuated between $115.00 and $185.50 over the past year. Currently, Wall Street analysts expect the stock to reach $185.94 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $164.35 at the most recent close of the market. An investor can expect a potential return of 13.14% based on the average GEV price forecast.

Analyzing the GEV fundamentals

Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.13 and Total Capital is 0.02.

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 160.75 points at the first support level, and at 157.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 167.21, and for the 2nd resistance point, it is at 170.07.

Ratios To Look Out For

For context, GE Vernova Inc.’s Current Ratio is 1.01. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.2.

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