With 2.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.78 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $335.111 whereas the lowest price it dropped to was $325.29. The 52-week range on GEV shows that it touched its highest point at $349.79 and its lowest point at $115.00 during that stretch. It currently has a 1-year price target of $309.99.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GEV was down-trending over the past week, with a drop of -3.19%, but this was up by 18.66% over a month. Three-month performance surged to 77.14% while six-month performance rose 95.94%. For the next quarter, that number is 2.28. This implies an EPS growth rate of 229.26% for this year and 157.63% for next year.
Float and Shares Shorts:
At present, 275.65 million GEV shares are outstanding with a float of 275.40 million shares on hand for trading. On 2024-10-31, short shares totaled 4.88 million, which was 169.00001000000003 higher than short shares on 1727654400. In addition to Mr. Scott L. Strazik as the firm’s CEO & Director, Mr. Kenneth S. Parks serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.85141 of GEV’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GEV reported revenue of $8913000000.0 and operating income of -$360000000.0. The EBITDA in the recently reported quarter was $24000000.0 and diluted EPS was -$0.35.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GEV since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GEV analysts setting a high price target of 380.0 and a low target of 207.0, the average target price over the next 12 months is 305.32144. Based on these targets, GEV could surge 16.55% to reach the target high and fall by -36.51% to reach the target low. Reaching the average price target will result in a decline of -6.35% from current levels.
Analysts have provided yearly estimates in a range of $3.6946 being high and $1.93272 being low. For GEV, this leads to a yearly average estimate of $2.70154. Based on analyst estimates, the high estimate for the next quarter is $0.92 and the low estimate is $0.57. The average estimate for the next quarter is thus $0.75.
