Reassessing The Changing Outlook For Gen Digital Inc (GEN)

Currently, there are 640.00M common shares owned by the public and among those 579.14M shares have been available to trade.

Insiders at the company have transacted a total of 34 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 1,290,943 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 814,086 shares.

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However, the script later moved the day high at 22.00, up 2.58%. The company’s stock has a 5-day price change of 3.87% and 15.26% over the past three months. GEN shares are trading -4.03% year to date (YTD), with the 12-month market performance up to 2.82% higher. It has a 12-month low price of $15.45 and touched a high of $24.37 over the same period. GEN has an average intraday trading volume of 1.44 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.81%, -3.51%, and 11.80% respectively.

Institutional ownership of Gen Digital Inc (NASDAQ: GEN) shares accounts for 82.44% of the company’s 640.00M shares outstanding.

It has a market capitalization of $13.95B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 10.09, while the earnings-per-share (ttm) stands at $2.17. The company has a PEG of 0.86 and a Quick Ratio of 0.67 with the debt-to-equity ratio at 3.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.48% over the week and 2.93% over the month.

Analysts forecast that Gen Digital Inc (GEN) will achieve an EPS of $General Electric Company for the current quarter, $140.17 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $General Motors Company while analysts give the company a high EPS estimate of $Agenus Inc.. Comparatively, EPS for the current quarter was $Bionano Genomics, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 8.01%, and 14.15% over the next financial year. EPS should grow at an annualized rate of 11.70% over the next five years, compared to 4.88% over the past 5-year period.

Looking at the support for the GEN, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on November 21, 2023, with the firm’s price target at $23-$26.

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