The stock of GE Vernova Inc. (GEV) has gone up by 3.94% for the week, with a 14.92% rise in the past month and a 11.11% rise in the past quarter. The volatility ratio for the week is 3.55%, and the volatility levels for the past 30 days are 4.23% for GEV. The simple moving average for the past 20 days is 4.32% for GEV’s stock, with a 14.71% simple moving average for the past 200 days.
Is It Worth Investing in GE Vernova Inc. (NYSE: GEV) Right Now?
Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for GEV is 274.47M, and currently, short sellers hold a 1.41% ratio of that floaft. The average trading volume of GEV on September 03, 2024 was 3.10M shares.
GEV) stock’s latest price update
The stock price of GE Vernova Inc. (NYSE: GEV) has plunged by -5.82 when compared to previous closing price of 201.00, but the company has seen a 3.94% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-03 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
Analysts’ Opinion of GEV
HSBC Securities, on the other hand, stated in their research note that they expect to see GEV reach a price target of $215. The rating they have provided for GEV stocks is “Buy” according to the report published on August 12th, 2024.
Morgan Stanley gave a rating of “Overweight” to GEV, setting the target price at $220 in the report published on August 01st of the current year.
GEV Trading at 7.57% 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 -5.99% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares surge +16.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.98% upper at present.
During the last 5 trading sessions, GEV rose by +4.19%, in comparison to the 20-day moving average, which settled at $182.83. In addition, GE Vernova Inc. saw 44.23% 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
- 0.16 for the gross margin
The net margin for GE Vernova Inc. stands at 0.02. The total capital return value is set at -0.02.
Based on GE Vernova Inc. (GEV), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -0.45. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -3.84.
Currently, EBITDA for the company is 484.0 million with net debt to EBITDA at -6.37. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 2.01for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
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.
