Market Insight: GE Vernova Inc. (GEV)’s Notable Drop, Closing at 255.05

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In the latest session, GE Vernova Inc. (NYSE: GEV) closed at $255.05 down -0.17% from its previous closing price of $255.48. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 2.45 million shares were traded. GEV stock price reached its highest trading level at $257.56 during the session, while it also had its lowest trading level at $252.17.

Ratios:

For a deeper understanding of GE Vernova Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on September 24, 2024, initiated with a Buy rating and assigned the stock a target price of $300.

On September 17, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $200 to $300.

On September 16, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $250.Barclays initiated its Overweight rating on September 16, 2024, with a $250 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GEV now has a Market Capitalization of 70088245248 and an Enterprise Value of 66270257152. Its current Enterprise Value per Revenue stands at 1.963 whereas that against EBITDA is 41.471.

Stock Price History:

Over the past 52 weeks, GEV has reached a high of $257.50, while it has fallen to a 52-week low of $115.00. The 50-Day Moving Average of the stock is 33.81%, while the 200-Day Moving Average is calculated to be 48.08%.

Shares Statistics:

For the past three months, GEV has traded an average of 2.93M shares per day and 3524150 over the past ten days. A total of 274.80M shares are outstanding, with a floating share count of 274.44M. Insiders hold about 0.13% of the company’s shares, while institutions hold 80.50% stake in the company. Shares short for GEV as of 1724976000 were 4666157 with a Short Ratio of 1.78, compared to 1722384000 on 4049411.

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