Gen Digital Inc (GEN) concluded trading on Thursday at a closing price of $29.11, with 10.82 million shares of worth about $315.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.92% during that period and on October 31, 2024 the price saw a gain of about 8.18%. 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 7.74% in past 5 days and over the past one month there was a price change of 7.81%. Year-to-date (YTD), GEN shares are showing a performance of 27.56% which increased to 74.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.50 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 5.92% above its 20-day simple moving average (SMA20), while that difference is up 8.36% for SMA50 and it goes to 20.86% 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 86.67% of that.
The stock has a current market capitalization of $17.92B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 30.52, while it has posted earnings per share of $0.95 in the same period. Its PEG reads 3.39 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 2.92% while standing at 1.91% over the month.
Stock’s fiscal year EPS is expected to rise by 12.68% while it is estimated to increase by 11.32% in next year. EPS is likely to shrink at an annualized rate of 9.00% 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 Wells Fargo on October 24, 2024 offering an Overweight rating for the stock and assigned a target price of $35 to it. Coverage by Morgan Stanley stated Gen Digital Inc (GEN) stock as an Equal-weight in their note to investors on June 07, 2024, suggesting a price target of $27 for the stock. On April 11, 2024, Barclays Downgrade their recommendations, while on November 21, 2023, Morgan Stanley Upgrade their ratings for the stock with a price target of $26. Stock get a Buy rating from BofA Securities on November 16, 2023.
