At the time of writing, GE Vernova Inc [GEV] stock is trading at $295.46, down -1.87%. 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 2.15% over the last week, with a monthly amount glided 11.25%, 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 30, 2024, when Daiwa Securities upgraded its rating to a Buy. Previously, Deutsche Bank started tracking the stock with Buy rating on October 21, 2024, and set its price target to $354. On October 04, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $255 on the stock. Raymond James downgraded its rating to a Mkt Perform. Truist initiated its recommendation with a Buy and recommended $300 as its price target on September 26, 2024. In a note dated September 24, 2024, Guggenheim initiated an Buy rating and provided a target price of $300 on this stock.
For the past year, the stock price of GE Vernova Inc fluctuated between $115.00 and $311.58. Currently, Wall Street analysts expect the stock to reach $251.91 within the next 12 months. GE Vernova Inc [NYSE: GEV] shares were valued at $295.46 at the most recent close of the market. An investor can expect a potential drop of -14.74% 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 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.13 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.57.
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 291.50 points at the first support level, and at 287.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 300.46, and for the 2nd resistance point, it is at 305.46.
Ratios To Look Out For
It is important to note that GE Vernova Inc [NYSE:GEV] has a current ratio of 1.03. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.24.
