A share price of GE Vernova Inc [GEV] is currently trading at $367.10, up 0.17%. 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 8.31% over the last week, with a monthly amount glided 9.50%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
GE Vernova Inc [NYSE: GEV] stock has seen the most recent analyst activity on December 11, 2024, when Daiwa Securities downgraded its rating to a Outperform and also boosted its price target to $348 from $336. Previously, TD Cowen started tracking the stock with Buy rating on December 05, 2024, and set its price target to $400. On December 04, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $403 on the stock. RBC Capital Mkts reiterated its Outperform rating and increased its price target to $376 on November 25, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $385 as its price target on November 21, 2024. Daiwa Securities upgraded its rating to Buy for this stock on October 30, 2024. In a note dated October 21, 2024, Deutsche Bank initiated an Buy rating and provided a target price of $354 on this stock.
GE Vernova Inc experienced fluctuations in its stock price throughout the past year between $115.00 and $376.30. Currently, Wall Street analysts expect the stock to reach $293.46 within the next 12 months. GE Vernova Inc [NYSE: GEV] shares were valued at $367.10 at the most recent close of the market. An investor can expect a potential drop of -20.06% based on the average GEV price forecast.
Analyzing the GEV fundamentals
Trailing Twelve Months sales for GE Vernova Inc [NYSE:GEV] were 34.43B which represents 7.65% growth. 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.
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 356.12 points at the first support level, and at 345.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 372.95, and for the 2nd resistance point, it is at 378.81.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GE Vernova Inc [NYSE:GEV] is 1.03. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 2.94, the price to book ratio is 10.65 and price to earnings (TTM) ratio is 80.59.
