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 3.78% over the last week, with a monthly amount glided 9.90%, 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 21, 2024, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $354. Previously, HSBC Securities downgraded its rating to Hold on October 04, 2024, and elevated its price target to $255. On October 02, 2024, downgrade downgraded it’s rating to Mkt Perform. Truist started tracking the stock assigning a Buy rating and suggested a price target of $300 on September 26, 2024. Oppenheimer initiated its recommendation with a Perform. Guggenheim started tracking with a Buy rating for this stock on September 24, 2024, and assigned it a price target of $300. In a note dated September 17, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $200 to $300.
The stock price of GE Vernova Inc. [GEV] has been fluctuating between $115.00 and $281.37 over the past year. Currently, Wall Street analysts expect the stock to reach $238.23 within the next 12 months. GE Vernova Inc. [NYSE: GEV] shares were valued at $276.42 at the most recent close of the market. An investor can expect a potential drop of -13.82% 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 271.88 points at the first support level, and at 267.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 279.63, and for the 2nd resistance point, it is at 282.83.
Ratios To Look Out For
It’s worth pointing out that GE Vernova Inc. [NYSE:GEV]’s Current Ratio is 1.01. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.2.
