GE Vernova Inc (NYSE: GEV)’s stock price has gone decline by -5.78 in comparison to its previous close of 349.16, however, the company has experienced a 1.11% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-24 that GE Vernova, spun off from General Electric in April 2024, specializes in electric power industry products and services, achieving double-digit organic revenue and order growth. Electrification and decarbonization trends, along with rising data center power needs, present significant growth opportunities for GEV’s comprehensive energy solutions. Strong service components, representing 45% of total revenue, drive recurring revenue and significant margin expansion, particularly in the Power and Electrification segments.
Is It Worth Investing in GE Vernova Inc (NYSE: GEV) Right Now?
There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 7 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for GEV is 275.49M and currently, short sellers hold a 1.70% ratio of that float. The average trading volume of GEV on November 26, 2024 was 2.82M shares.
GEV’s Market Performance
GEV stock saw an increase of 1.11% in the past week, with a monthly gain of 12.07% and a quarterly increase of 77.30%. The volatility ratio for the week is 5.66%, and the volatility levels for the last 30 days are 4.45% for GE Vernova Inc (GEV). The simple moving average for the past 20 days is 1.02% for GEV’s stock, with a 61.27% simple moving average for the past 200 days.
Analysts’ Opinion of GEV
Wells Fargo, on the other hand, stated in their research note that they expect to see GEV reach a price target of $385. The rating they have provided for GEV stocks is “Overweight” according to the report published on November 21st, 2024.
GEV Trading at 14.11% 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 -7.87% of loss for the given period.
Volatility was left at 4.45%, however, over the last 30 days, the volatility rate increased by 5.66%, as shares surge +13.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.08% upper at present.
During the last 5 trading sessions, GEV rose by +1.11%, in comparison to the 20-day moving average, which settled at $325.65. In addition, GE Vernova Inc saw 150.65% 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:
- 0.0 for the present operating margin
- 0.17 for the gross margin
The net margin for GE Vernova Inc stands at 0.03. The total capital return value is set at 0.01.
Currently, EBITDA for the company is 932.0 million with net debt to EBITDA at -4.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 2.18for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
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.
