Gen Digital Inc (GEN) concluded trading on 01/11/24 at a closing price of $23.03, with 3.67 million shares of worth about $84.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.89% during that period and on Thursday the price saw a gain of about 0.92%. Currently the company’s common shares owned by public are about 640.00M shares, out of which, 582.51M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 1,290,943 shares in 20 of the transactions. In 14 selling transactions, insiders dumped 814,086 shares.
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Gen Digital Inc (NASDAQ: GEN) started trading at $22.95, above $0.13 from concluding price of the previous day. However, the stock later moved at a day high price of 23.11, or with a gain of 0.92%. Stock saw a price change of 3.13% in past 5 days and over the past one month there was a price change of 3.65%. Year-to-date (YTD), GEN shares are showing a performance of 0.92% which increased to 6.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.45 but also hit the highest price of $23.74 during that period. The average intraday trading volume for Gen Digital Inc shares is 3.98 million. The stock is currently trading 0.84% above its 20-day simple moving average (SMA20), while that difference is up 8.48% for SMA50 and it goes to 21.08% higher than SMA200.
Gen Digital Inc (NASDAQ: GEN) currently have 640.00M outstanding shares and institutions hold larger chunk of about 82.28% of that.
The stock has a current market capitalization of $14.76B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 10.47, while it has posted earnings per share of $2.20 in the same period. Its PEG reads 0.83 and has Quick Ratio of 0.44 while making debt-to-equity ratio of 3.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GEN, volatility over the week remained 1.62% while standing at 1.69% over the month.
Analysts are in expectations that Gen Digital Inc (GEN) stock would likely to be making an EPS of $0.5 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $2.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $0.51 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.45 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.02% while it is estimated to increase by 14.53% in next year. EPS is likely to grow at an annualized rate of 12.55% for next 5-years, compared to annual growth of 4.88% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Gen Digital Inc (GEN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 10 Wall Street analysts, 4 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on November 21, 2023 offering an Overweight rating for the stock and assigned a target price range of between $23 and $26 to it.
