GE Vernova Inc (NYSE: GEV) is -17.47% lower on its value in year-to-date trading and has touched a low of $119.00 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 $297.66 in the last trading session, with the day’s loss setting it -26.18%.
Currently trading at $271.48, the stock is -13.11% and -19.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.09 million and changing -8.80% at the moment leaves the stock -2.79% off its SMA200. GEV registered 97.67% gain for a year compared to 6-month gain of 7.61%. The firm has a 50-day simple moving average (SMA 50) of $335.2462 and a 200-day simple moving average (SMA200) of $279.2656.
The stock witnessed a -7.41% loss in the last 1 month and extending the period to 3 months gives it a -19.90%, and is -10.38% 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 8.13% over the week and 6.01% over the month.
GE Vernova Inc (GEV) has around 76800 employees, a market worth around $74.90B and $34.95B in sales. Current P/E ratio is 48.26 and Fwd P/E is 24.40. Profit margin for the company is 4.44%. Distance from 52-week low is 128.13% and -39.33% from its 52-week high. The company has generated returns on investments over the last 12 months (14.97%).
with sales reaching $7.55B over the same period.The EPS is expected to grow by 1114.69% this year, but quarterly earnings will post 5.13% year-over-year. Quarterly sales are estimated to grow 4.05% in year-over-year returns.
GE Vernova Inc (GEV) Top Institutional Holders
2330.0 institutions hold shares in GE Vernova Inc (GEV), with institutional investors hold 80.52% of the company’s shares. The shares outstanding are 275.88M, and float is at 275.74M with Short Float at 1.77%. Institutions hold 80.43% 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 BLACKROCK INC. which holds 18.07 million shares representing 6.5952% and valued at over $3.1 billion, while STATE STREET CORP holds 3.7652 of the shares totaling 10.32 million with a market value of $1.77 billion.
GE Vernova Inc (GEV) Insider Activity
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