Gen Digital Inc (GEN) concluded trading on Thursday at a closing price of $28.06, with 4.04 million shares of worth about $113.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.68% during that period and on October 17, 2024 the price saw a loss of about -0.39%. Currently the company’s common shares owned by public are about 623.00M shares, out of which, 557.41M shares are available for trading.
Stock saw a price change of 1.30% in past 5 days and over the past one month there was a price change of 5.57%. Year-to-date (YTD), GEN shares are showing a performance of 22.96% which increased to 58.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.38 but also hit the highest price of $28.45 during that period. The average intraday trading volume for Gen Digital Inc shares is 2.99 million. The stock is currently trading 2.40% above its 20-day simple moving average (SMA20), while that difference is up 6.14% for SMA50 and it goes to 17.59% higher than SMA200.
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Gen Digital Inc (NASDAQ: GEN) currently have 623.00M outstanding shares and institutions hold larger chunk of about 86.56% of that.
The stock has a current market capitalization of $17.27B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 29.42, while it has posted earnings per share of $0.95 in the same period. Its PEG reads 2.81 and has Quick Ratio of 0.30 while making debt-to-equity ratio of 4.35. 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 1.21% while standing at 1.45% over the month.
Stock’s fiscal year EPS is expected to rise by 12.50% while it is estimated to increase by 11.34% in next year. EPS is likely to shrink at an annualized rate of 10.49% for next 5-years, compared to annual growth of 81.21% made by the stock over the past 5-years.
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 June 07, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $28 and $27 to it. Coverage by Barclays stated Gen Digital Inc (GEN) stock as an Equal weight in their note to investors on April 11, 2024, suggesting a price target of $25 for the stock. On November 21, 2023, Morgan Stanley Upgrade their recommendations, while on November 16, 2023, BofA Securities Initiated their ratings for the stock with a price target of $25. Stock get an Outperform rating from Evercore ISI on May 19, 2023.
