At the time of writing, GE Vernova Inc. [GEV] stock is trading at $201.00, up 5.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GEV shares have gain 9.66% over the last week, with a monthly amount glided 15.50%, 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.
For the past year, the stock price of GE Vernova Inc. fluctuated between $115.00 and $195.68. 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 $201.00 at the most recent close of the market. An investor can expect a potential drop of -5.89% based on the average GEV price forecast.
Analyzing the GEV fundamentals
Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
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 196.34 points at the first support level, and at 191.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 203.51, and for the 2nd resistance point, it is at 206.03.
Ratios To Look Out For
It is important to note that GE Vernova Inc. [NYSE:GEV] has a current ratio of 1.01. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.2.
