At the time of writing, GE Vernova Inc. [GEV] stock is trading at $272.00, down -1.01%. 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 2.79% over the last week, with a monthly amount glided 15.42%, 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.
For the past year, the stock price of GE Vernova Inc. fluctuated between $115.00 and $276.19. Currently, Wall Street analysts expect the stock to reach $236.32 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $272.00 at the most recent close of the market. An investor can expect a potential drop of -13.12% 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 268.80 points at the first support level, and at 265.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 278.29, and for the 2nd resistance point, it is at 284.57.
Ratios To Look Out For
It is important to note that GE Vernova Inc. [NYSE:GEV] has a current ratio of 1.01. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.2.
