GE Vernova Inc (NYSE: GEV) is 17.05% higher on its value in year-to-date trading and has touched a low of $115.00 and a high of $447.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GEV stock was last observed hovering at around $377.97 in the last trading session, with the day’s gains setting it 7.03%.
Currently trading at $385.00, the stock is 0.68% and 7.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 1.86% at the moment leaves the stock 54.62% off its SMA200. GEV registered a gain of 117.26% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $356.5958 and a 200-day simple moving average (SMA200) of $247.81775.
The stock witnessed a 5.05% loss in the last 1 month and extending the period to 3 months gives it a 14.48%, and is 6.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.85% over the week and 5.05% over the month.
GE Vernova Inc (GEV) has around 76800 employees, a market worth around $106.22B and $34.95B in sales. Current P/E ratio is 68.44 and Fwd P/E is 35.31. Profit margin for the company is 4.44%. Distance from 52-week low is 234.78% and -13.97% from its 52-week high. The company has generated returns on investments over the last 12 months (14.97%).
with sales reaching $7.56B over the same period.The EPS is expected to grow by 1094.33% this year, but quarterly earnings will post 5.05% year-over-year. Quarterly sales are estimated to grow 4.14% in year-over-year returns.
GE Vernova Inc (GEV) Top Institutional Holders
2045.0 institutions hold shares in GE Vernova Inc (GEV), with institutional investors hold 80.24% of the company’s shares. The shares outstanding are 275.88M, and float is at 274.87M with Short Float at 1.92%. Institutions hold 80.16% of the Float.
The top institutional shareholder in the company is COATUE MANAGEMENT LLC with over 3.33 million shares valued at $571.48 million. The investor’s holdings represent 1.2161% of the GEV Shares outstanding. As of 2024-06-30, the second largest holder is VIKING GLOBAL INVESTORS LP with 2.43 million shares valued at $416.53 million to account for 0.8864 of the shares outstanding. The other top investors are FRANKLIN RESOURCES INC which holds 1.91 million shares representing 0.6962% and valued at over $327.18 million, while LONE PINE CAPITAL LLC holds 0.5391 of the shares totaling 1.48 million with a market value of $253.32 million.
GE Vernova Inc (GEV) Insider Activity
#####
