RBC Capital Mkts has recently reiterated GE Vernova Inc (GEV) stock to Outperform rating, as announced on November 25, 2024, according to Finviz. Earlier, on November 21, 2024, Wells Fargo had initiated the stock to Overweight, setting a price target of $385. Daiwa Securities also raised Buy rating. Additionally, Deutsche Bank initiated Buy rating on October 21, 2024, with a target price of $354. HSBC Securities analysts, in their report published on October 4, 2024, also reduced Hold rating and set a price target of $240 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 Monday, GE Vernova Inc (GEV) stock saw a modest uptick, ending the day at $337.54 which represents a slight increase of $3.42 or 1.02% from the prior close of $334.12. The stock opened at $335.73 and touched a low of $335.51 during the day, reaching a high of $346.67. The volume of shares traded was 2.33 million falling short of the average volume of 2.82 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 -3.33% over the last five trades and 11.89% 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 98.12%, and it has gained 75.30% in the previous three months. Currently, GEV is trading at 1.37%, 14.04%, and 63.02% 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 -5.47% below its 52-week high but remains 193.51% above its 52-week low. The Average True Range (ATR) (14 days) of 13.08 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 98.12%. 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 $92.71 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 48.16. Additionally, the Price-to-Book Ratio is 9.79, 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%.
