Post-Trade Analysis: GE Vernova Inc. (GEV) Slides -0.80, Closing at 172.98

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After finishing at $174.37 in the prior trading day, GE Vernova Inc. (NYSE: GEV) closed at $172.98, down -0.80%. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 1.24 million shares were traded. GEV stock price reached its highest trading level at $174.83 during the session, while it also had its lowest trading level at $172.6.

Ratios:

Our goal is to gain a better understanding of GEV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 0.95. 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, Redburn Atlantic on July 02, 2024, initiated with a Neutral rating and assigned the stock a target price of $178.

On June 21, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $201.50.

On June 13, 2024, Argus started tracking the stock assigning a Buy rating and target price of $190.Argus initiated its Buy rating on June 13, 2024, with a $190 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 47792295936 and an Enterprise Value of 46184312832. Its current Enterprise Value per Revenue stands at 1.371 whereas that against EBITDA is 61.171.

Stock Price History:

Over the past 52 weeks, GEV has reached a high of $185.50, while it has fallen to a 52-week low of $115.00. The 50-Day Moving Average of the stock is 2.90%, while the 200-Day Moving Average is calculated to be 8.97%.

Shares Statistics:

The stock has traded on average 3.75M shares per day over the past 3-months and 2276490 shares per day over the last 10 days, according to various share statistics. A total of 274.09M shares are outstanding, with a floating share count of 273.98M. Insiders hold about 0.04% of the company’s shares, while institutions hold 36.47% stake in the company. Shares short for GEV as of 1718323200 were 6809636 with a Short Ratio of 1.71, compared to 1715731200 on 7184324.

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