GE Vernova Inc. [GEV] stock prices are up 0.95% to $254.68 at the moment. 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 1.38% over the last week, with a monthly amount glided 27.58%, 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 October 02, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Truist started tracking the stock with Buy rating on September 26, 2024, and set its price target to $300. On September 26, 2024, Oppenheimer initiated with a Perform rating. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $300 on September 24, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $300 on September 17, 2024. Barclays started tracking with a Overweight rating for this stock on September 16, 2024, and assigned it a price target of $250. In a note dated September 13, 2024, BMO Capital Markets initiated an Outperform rating and provided a target price of $245 on this stock.
The stock price of GE Vernova Inc. [GEV] has been fluctuating between $115.00 and $258.64 over the past year. Currently, Wall Street analysts expect the stock to reach $230.39 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $254.68 at the most recent close of the market. An investor can expect a potential drop of -9.54% based on the average GEV price forecast.
Analyzing the GEV fundamentals
Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.11 and Total Capital is 0.0. 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 251.30 points at the first support level, and at 247.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 257.65, and for the 2nd resistance point, it is at 260.62.
Ratios To Look Out For
It’s worth pointing out that GE Vernova Inc. [NYSE:GEV]’s Current Ratio is 1.01. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.2.
