GE Vernova Inc (NYSE: GEV) is -17.88% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GEV stock was last observed hovering at around $289.30 in the last trading session, with the day’s loss setting it -19.17%.
Currently trading at $270.13, the stock is -19.73% and -24.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.81 million and changing -6.63% at the moment leaves the stock 1.75% off its SMA200. GEV registered a gain of 36.13% in past 6-months.
The stock witnessed a -27.93% loss in the last 1 month and extending the period to 3 months gives it a -21.42%, and is -14.51% down 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 6.76% over the week and 6.10% over the month.
GE Vernova Inc (GEV) has around 76800 employees, a market worth around $74.53B and $34.95B in sales. Current P/E ratio is 48.02 and Fwd P/E is 24.33. Profit margin for the company is 4.44%. Distance from 52-week low is 134.90% and -39.64% 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 1111.96% this year, but quarterly earnings will post 5.20% year-over-year. Quarterly sales are estimated to grow 4.11% in year-over-year returns.
GE Vernova Inc (GEV) Top Institutional Holders
The shares outstanding are 275.88M, and float is at 275.74M with Short Float at 1.23%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.9 million shares valued at $4.61 billion. The investor’s holdings represent 9.8165% of the GEV Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 23.46 million shares valued at $4.02 billion to account for 8.5633 of the shares outstanding. The other top investors are STATE STREET CORP which holds 10.32 million shares representing 3.7652% and valued at over $1.77 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.727 of the shares totaling 10.21 million with a market value of $1.75 billion.
GE Vernova Inc (GEV) Insider Activity
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