A share price of GE Vernova Inc. [GEV] is currently trading at $262.54, down -1.15%. 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 2.96% over the last week, with a monthly amount glided 32.38%, 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 04, 2024, when HSBC Securities downgraded its rating to a Hold and also boosted its price target to $255 from $240. Previously, Raymond James downgraded its rating to Mkt Perform on October 02, 2024. On September 26, 2024, Truist initiated with a Buy rating and assigned a price target of $300 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. Guggenheim initiated its recommendation with a Buy and recommended $300 as its price target on September 24, 2024. BofA Securities upgraded its rating to Buy for this stock on September 17, 2024, and upped its price target to $300. In a note dated September 16, 2024, Barclays initiated an Overweight rating and provided a target price of $250 on this stock.
GE Vernova Inc. experienced fluctuations in its stock price throughout the past year between $115.00 and $266.42. Currently, Wall Street analysts expect the stock to reach $233.25 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $262.54 at the most recent close of the market. An investor can expect a potential drop of -11.16% 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. 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 260.05 points at the first support level, and at 257.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 265.51, and for the 2nd resistance point, it is at 268.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GE Vernova Inc. [NYSE:GEV] is 1.01. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.2.
