GE Vernova Inc. (NYSE: GEV)’s stock price has plunge by 0.10relation to previous closing price of 201.81. Nevertheless, the company has seen a 4.91% surge in its stock price over the last five trading sessions. barrons.com reported 2024-09-09 that Evercore analyst James West sees opportunities in companies working to address some of the issues facing the electrical industry, including the extreme stress on the power grid.
Is It Worth Investing in GE Vernova Inc. (NYSE: GEV) Right Now?
Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GEV is 274.44M, and currently, short sellers hold a 1.41% ratio of that float. The average trading volume of GEV on September 11, 2024 was 2.90M shares.
GEV’s Market Performance
The stock of GE Vernova Inc. (GEV) has seen a 4.91% increase in the past week, with a 12.79% rise in the past month, and a 21.23% gain in the past quarter. The volatility ratio for the week is 3.68%, and the volatility levels for the past 30 days are at 3.77% for GEV. The simple moving average for the last 20 days is 7.14% for GEV stock, with a simple moving average of 21.35% for the last 200 days.
Analysts’ Opinion of GEV
Many brokerage firms have already submitted their reports for GEV stocks, with Jefferies repeating the rating for GEV by listing it as a “Buy.” The predicted price for GEV in the upcoming period, according to Jefferies is $261 based on the research report published on September 04, 2024 of the current year 2024.
HSBC Securities gave a rating of “Buy” to GEV, setting the target price at $215 in the report published on August 12th of the current year.
GEV Trading at 13.52% 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 -1.07% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares surge +14.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.78% upper at present.
During the last 5 trading sessions, GEV rose by +4.91%, in comparison to the 20-day moving average, which settled at $189.82. In addition, GE Vernova Inc. saw 53.91% 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 1.67. 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
To put it simply, GE Vernova Inc. (GEV) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
