Currently, there are 623.00M common shares owned by the public and among those 567.95M shares have been available to trade.
The company’s stock has a 5-day price change of -3.23% and 11.69% over the past three months. GEN shares are trading 3.81% year to date (YTD), with the 12-month market performance up to 25.68% higher. It has a 12-month low price of $16.38 and touched a high of $25.61 over the same period. GEN has an average intraday trading volume of 4.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.42%, 4.31%, and 11.55% respectively.
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Institutional ownership of Gen Digital Inc (NASDAQ: GEN) shares accounts for 84.41% of the company’s 623.00M shares outstanding.
It has a market capitalization of $14.83B and a beta (3y monthly) value of 0.75. The stock’s trailing 12-month PE ratio is 24.71, while the earnings-per-share (ttm) stands at $0.96. The company has a PEG of 2.22 and a Quick Ratio of 0.51 with the debt-to-equity ratio at 3.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.24% over the week and 2.19% over the month.
Earnings per share for the fiscal year are expected to increase by 12.67%, and 11.03% over the next financial year. EPS should shrink at an annualized rate of 11.15% over the next five years, compared to 81.21% 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 Equal-Weight rating for the stock in a research note on June 07, 2024, with the firm’s price target at $28-$27. Barclays coverage for the Gen Digital Inc (GEN) stock in a research note released on April 11, 2024 offered a Equal Weight rating with a price target of $25. Morgan Stanley was of a view on November 21, 2023 that the stock is Overweight, while BofA Securities gave the stock Buy rating on November 16, 2023, issuing a price target of $25. Evercore ISI on their part issued Outperform rating on May 19, 2023.
