GE Vernova Inc. (GEV)’s latest quarter sales figures and margins explained

A share price of GE Vernova Inc. [GEV] is currently trading at $191.36, up 4.00%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GEV shares have gain 2.88% over the last week, with a monthly amount glided 7.36%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, HSBC Securities started tracking the stock with Buy rating on August 12, 2024, and set its price target to $215. On August 01, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $220 on the stock. Redburn Atlantic started tracking the stock assigning a Neutral rating and suggested a price target of $178 on July 02, 2024. Daiwa Securities initiated its recommendation with a Outperform and recommended $201.50 as its price target on June 21, 2024. Argus started tracking with a Buy rating for this stock on June 13, 2024, and assigned it a price target of $190. In a note dated June 11, 2024, Citigroup initiated an Neutral rating and provided a target price of $183 on this stock.

GE Vernova Inc. experienced fluctuations in its stock price throughout the past year between $115.00 and $190.80. Currently, Wall Street analysts expect the stock to reach $189.17 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $191.36 at the most recent close of the market. An investor can expect a potential drop of -1.14% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.

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 185.92 points at the first support level, and at 180.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 196.24, and for the 2nd resistance point, it is at 201.12.

Ratios To Look Out For

To put it in perspective, the Current Ratio for GE Vernova Inc. [NYSE:GEV] is 1.01. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.2.

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