The simple moving average for the past 20 days is 2.09% for GEV’s stock, with a 2.09% simple moving average for the past 200 days.
Is It Worth Investing in GE Vernova Inc. (NYSE: GEV) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
GEV currently public float of 272.07M.The average trading volume of GEV on April 23, 2024 was 7.63M shares.
GEV) stock’s latest price update
GE Vernova Inc. (NYSE: GEV) has experienced a rise in its stock price by 1.18 compared to its previous closing price of 135.10. However, the company has seen a gain of 3.75% in its stock price over the last five trading days. Business Wire reported 2024-04-18 that CAMBRIDGE, Mass.–(BUSINESS WIRE)–GE Vernova Inc. (NYSE: GEV) is scheduled to announce its first quarter 2024 financial results on Thursday, April 25, 2024, before market open. The company will host a webcast to discuss its financial results at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events/ge-vernova-1st-quarter-2024-earnings-webcast. The earnings press release and accompanying financial information, including reconciliations of non-GAAP financial measures, wi.
Analysts’ Opinion of GEV
Evercore ISI, on the other hand, stated in their research note that they expect to see GEV reach a price target of $174. The rating they have provided for GEV stocks is “Outperform” according to the report published on April 18th, 2024.
Raymond James gave a rating of “Outperform” to GEV, setting the target price at $160 in the report published on April 17th of the current year.
GEV Trading at 2.09% from the 50-Day Moving Average
After a stumble in the market that brought GEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.36% of loss for the given period.
During the last 5 trading sessions, GEV rose by +3.75%, in comparison to the 20-day moving average. In addition, GE Vernova Inc. saw 4.14% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GEV
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.15 for the gross margin
The net margin for GE Vernova Inc. stands at -0.01. The total capital return value is set at -0.03.
Based on GE Vernova Inc. (GEV), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 3.16. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -6.76.
Currently, EBITDA for the company is 484.0 million with net debt to EBITDA at -0.76. When we switch over and look at the enterprise to sales, we see a ratio of 1.11. The receivables turnover for the company is 2.08for trailing twelve months and the total asset turnover is 0.72.
Conclusion
In conclusion, GE Vernova Inc. (GEV) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
