GE Vernova Inc. (NYSE: GEV) has seen a rise in its stock price by 8.08 in relation to its previous close of 153.83. However, the company has experienced a 8.62% gain in its stock price over the last five trading sessions. CNBC Television reported 2024-04-29 that CNBC’s Seema Mody joins ‘Power Lunch’ with the latest on AI plays in the tech space.
Is It Worth Investing in GE Vernova Inc. (NYSE: GEV) Right Now?
Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GEV is 274.07M, and currently, short sellers hold a 1.41% ratio of that floaft. The average trading volume of GEV on May 06, 2024 was 6.43M shares.
GEV’s Market Performance
The volatility ratio for the week is 5.23%, and the volatility levels for the past 30 days are at 5.06% for GEV. The simple moving average for the past 20 days is 18.21% for GEV’s stock, with a 19.20% simple moving average for the past 200 days.
Analysts’ Opinion of GEV
Many brokerage firms have already submitted their reports for GEV stocks, with BofA Securities repeating the rating for GEV by listing it as a “Neutral.” The predicted price for GEV in the upcoming period, according to BofA Securities is $150 based on the research report published on April 24, 2024 of the current year 2024.
Melius, on the other hand, stated in their research note that they expect to see GEV reach a price target of $147. The rating they have provided for GEV stocks is “Hold” according to the report published on April 22nd, 2024.
Evercore ISI gave a rating of “Outperform” to GEV, setting the target price at $174 in the report published on April 18th of the current year.
GEV Trading at 19.20% 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 able to rebound, for now settling with 1.94% of gains for the given period.
Volatility was left at 5.06%, however, over the last 30 days, the volatility rate increased by 5.23%, as shares surge +35.50% for the moving average over the last 20 days.
During the last 5 trading sessions, GEV rose by +8.62%, in comparison to the 20-day moving average, which settled at $142.83. In addition, GE Vernova Inc. saw 26.67% 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:
- -0.05 for the present operating margin
- 0.15 for the gross margin
The net margin for GE Vernova Inc. stands at -0.03. The total capital return value is set at -0.04.
Based on GE Vernova Inc. (GEV), the company’s capital structure generated -7.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at -0.88. The interest coverage ratio of the stock is -21.66.
Currently, EBITDA for the company is 484.0 million with net debt to EBITDA at 7.5. When we switch over and look at the enterprise to sales, we see a ratio of 3.08. The receivables turnover for the company is 0.9for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In a nutshell, GE Vernova Inc. (GEV) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
