Gen Digital Inc (GEN) concluded trading on Wednesday at a closing price of $29.44, with 3.45 million shares of worth about $101.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.76% during that period and on November 20, 2024 the price saw a gain of about 0.68%. Currently the company’s common shares owned by public are about 623.00M shares, out of which, 558.03M shares are available for trading.
Stock saw a price change of -3.51% in past 5 days and over the past one month there was a price change of 8.59%. Year-to-date (YTD), GEN shares are showing a performance of 29.01% which increased to 41.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.08 but also hit the highest price of $30.89 during that period. The average intraday trading volume for Gen Digital Inc shares is 3.15 million. The stock is currently trading 2.15% above its 20-day simple moving average (SMA20), while that difference is up 5.78% for SMA50 and it goes to 20.01% 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 85.31% of that.
The stock has a current market capitalization of $18.14B and its 3Y-monthly beta is at 0.75. PE ratio of stock for trailing 12 months is 30.01, while it has posted earnings per share of $0.98 in the same period. Its PEG reads 5.17 and has Quick Ratio of 0.32 while making debt-to-equity ratio of 4.09. 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 1.98% while standing at 2.21% over the month.
Stock’s fiscal year EPS is expected to rise by 12.46% while it is estimated to increase by 11.54% in next year. EPS is likely to shrink at an annualized rate of 5.80% 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.
