GE Vernova Inc. [GEV] stock is trading at $245.46, up 0.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GEV shares have gain 8.81% over the last week, with a monthly amount glided 33.21%, and 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 September 17, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $300 from $200. Previously, Barclays started tracking the stock with Overweight rating on September 16, 2024, and set its price target to $250. On September 13, 2024, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $245 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $261 on September 04, 2024. William Blair initiated its recommendation with a Outperform. HSBC Securities started tracking with a Buy rating for this stock on August 12, 2024, and assigned it a price target of $215. In a note dated August 01, 2024, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $175 to $220.
GE Vernova Inc. [GEV] stock has fluctuated between $115.00 and $245.00 over the past year. Currently, Wall Street analysts expect the stock to reach $225.04 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $245.46 at the most recent close of the market. An investor can expect a potential drop of -8.32% 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 241.52 points at the first support level, and at 237.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 250.12, and for the 2nd resistance point, it is at 254.79.
Ratios To Look Out For
For context, GE Vernova Inc.’s Current Ratio is 1.01. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.2.
