Wells Fargo has recently initiated GE Vernova Inc (GEV) stock to Overweight rating, as announced on November 21, 2024, according to Finviz. Earlier, on October 30, 2024, Daiwa Securities had raised the stock from a Outperform to Buy. Deutsche Bank also initiated Buy rating with a price target of $354. Additionally, HSBC Securities reduced Hold rating on October 4, 2024, with a target price of $255. Raymond James analysts, in their report published on October 2, 2024, also reduced Mkt Perform rating for GE Vernova Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
GE Vernova Inc (GEV) Stock Trading Recap
On Friday, GE Vernova Inc (GEV) stock saw a modest uptick, ending the day at $349.16 which represents a slight increase of $9.31 or 2.74% from the prior close of $339.85. The stock opened at $339.85 and touched a low of $334 during the day, reaching a high of $349.7. The volume of shares traded was 2.68 million falling short of the average volume of 2.81 million.
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GEV Stock Performance and Moving Averages
In recent trading, GE Vernova Inc (GEV) stock price has shown some volatility, fluctuating 5.88% over the last five trades and 17.56% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 96.79%, and it has gained 91.71% in the previous three months. Currently, GEV is trading at 7.88%, 21.94%, and 71.79% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, GEV, a Utilities sector stock, is trading -2.22% below its 52-week high but remains 203.62% above its 52-week low. The Average True Range (ATR) (14 days) of 13.34 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
GE Vernova Inc’s Profitability and Valuation Ratios
GE Vernova Inc’s profitability metrics reveal financial health. The company currently boasts a gross margin of 96.79%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, GE Vernova Inc’s market capitalization stands at $96.25 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 50.09. Additionally, the Price-to-Book Ratio is 10.13, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.06% of GE Vernova Inc (GEV)’s shares, while financial institutions hold 79.18%.
