GE Vernova Inc (NYSE: GEV) is 0.92% 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 $313.63 in the last trading session, with the day’s gains setting it 18.33%.
Currently trading at $331.96, the stock is 3.84% and -6.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.38 million and changing 5.84% at the moment leaves the stock 23.45% off its SMA200. GEV registered a gain of 54.21% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $353.7666 and a 200-day simple moving average (SMA200) of $268.89255.
The stock witnessed a -10.36% loss in the last 1 month and extending the period to 3 months gives it a -3.44%, and is 22.89% 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 6.46% over the week and 6.64% over the month.
GE Vernova Inc (GEV) has around 76800 employees, a market worth around $91.59B and $34.95B in sales. Current P/E ratio is 59.01 and Fwd P/E is 29.89. Profit margin for the company is 4.44%. Distance from 52-week low is 188.66% and -25.82% 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 1112.90% this year, but quarterly earnings will post 5.23% year-over-year. Quarterly sales are estimated to grow 4.10% in year-over-year returns.
GE Vernova Inc (GEV) Top Institutional Holders
2314.0 institutions hold shares in GE Vernova Inc (GEV), with institutional investors hold 79.69% of the company’s shares. The shares outstanding are 275.88M, and float is at 275.74M with Short Float at 1.45%. Institutions hold 79.59% of the Float.
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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