GE Vernova Inc. (NYSE: GEV)’s stock price has increased by 2.26 compared to its previous closing price of 166.76. However, the company has seen a -6.68% decrease in its stock price over the last five trading sessions. accesswire.com reported 2024-07-23 that NEW YORK, NY / ACCESSWIRE / July 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GE Vernova Inc. (“GE Vernova”) (NYSE:GEV) concerning possible violations of federal securities laws. GE Vernova became the subject of a Wall Street Journal article on July 17, 2024.
Is It Worth Investing in GE Vernova Inc. (NYSE: GEV) Right Now?
Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GEV is 273.87M, and at present, short sellers hold a 2.50% of that float. On July 23, 2024, the average trading volume of GEV was 3.32M shares.
GEV’s Market Performance
The stock of GE Vernova Inc. (GEV) has seen a -6.68% decrease in the past week, with a -2.96% drop in the past month, and a 24.76% gain in the past quarter. The volatility ratio for the week is 5.41%, and the volatility levels for the past 30 days are at 3.88% for GEV. The simple moving average for the past 20 days is -1.87% for GEV’s stock, with a 6.25% simple moving average for the past 200 days.
Analysts’ Opinion of GEV
Many brokerage firms have already submitted their reports for GEV stocks, with Redburn Atlantic repeating the rating for GEV by listing it as a “Neutral.” The predicted price for GEV in the upcoming period, according to Redburn Atlantic is $178 based on the research report published on July 02, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see GEV reach a price target of $201.50. The rating they have provided for GEV stocks is “Outperform” according to the report published on June 21st, 2024.
Argus gave a rating of “Buy” to GEV, setting the target price at $190 in the report published on June 13th of the current year.
GEV Trading at -0.24% 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 -8.07% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 5.41%, as shares sank -4.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.34% upper at present.
During the last 5 trading sessions, GEV fell by -6.81%, in comparison to the 20-day moving average, which settled at $173.38. In addition, GE Vernova Inc. saw 29.93% 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 3.15. 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
To sum up, GE Vernova Inc. (GEV) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
