NortonLifeLock Inc. (NASDAQ:NLOK) saw a downside of -0.31% to close Monday at $25.59 after subtracting -$0.08 on the day. The 5-day average trading volume is 2,203,300 shares of the company’s common stock. It has gained $26.04 in the past week. An average of 2,979,715 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,065,818.
NLOK’s 1-month performance is -6.13% or -$1.67 on its low of $24.75 reached on 09/22/21. The company’s shares have touched a 52-week low of $17.98 and high of $28.92, with the stock’s rally to the 52-week high happening on 06/10/21. YTD, NLOK has achieved 23.15% or $4.81. However, the current price is down -11.51%% from the 52-week high price.
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On Aug 16, 57 days have gone by since the last insider trading activity for NortonLifeLock Inc. (NLOK). DERSE NATALIE MARIE (CFO) most recently sold 895 shares at $26.23 per share on Aug 16. This transaction cost the insider $23,476. Director, Feld Peter A, sold 416,877 shares at a price of $26.48 on May 18. Then, on May 18, Director Feld Peter A sold 83,123 shares at a price of $26.48 per share. This transaction amounted to $2,200,731.
The company’s PE ratio for the last five years has touched a high of 611.75 and a low of 2.904. NLOK stock has a beta of 0.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.69 while the price to cash flow ratio at 34.22.
NortonLifeLock Inc. pays an annual dividend of $0.50 per share. Its dividend yield is 1.95% and the payout ratio is 47.50%. NLOK’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.1250 a share compared with prior rate of $0.1250, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $11.8750 reported on Thursday February 6 2020.
It is projected that NortonLifeLock Inc.’s next ex-dividend date will be on 22-Nov. NLOK is expected to distribute $0.125 as its next dividend.
NortonLifeLock Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.80 meaning that NLOK stock is not able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 85.60%. The trailing 12-month EBITDA margin is 48.18% while for the period ending June 29; NortonLifeLock Inc.’s operating margin was 40.00%. The firm’s gross profit as reported stood at $2.19 billion against revenue of $2.55 billion.
For the quarterly period ending June 29 this year, NortonLifeLock Inc.’s cash and short-term investments amounted to $15.0 million against total debt of $3.94 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NLOK to announce $0.41 per share in earnings in its latest quarter, but it posted $0.42, representing a 2.40% surprise. EBITDA for the quarter stood at more than $323.0 million. NLOK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.06 billion, with total debt at $3.94 billion. Shareholders hold equity totaling $581.27 million
Let’s look briefly at NortonLifeLock Inc. (NLOK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 49.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.35%.
The stock’s 5-day moving average is $25.50, reflecting a +2.20% or $0.55 change from its current price. NLOK is currently trading -3.83% above its 20-day SMA, -2.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.10% and +22.09% respectively.
Stochastic %K and %D was 74.94% and 64.80% and the average true range (ATR) pointed at 0.50. The RSI (14) points at 47.43%, while the 14-day stochastic is at 65.12% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at 0.23 and 0.17 on the 14-day charts.
In the most recent analyst report for NortonLifeLock Inc. (NASDAQ: NLOK), BofA Securities upgraded it to a Buy rating. They previously had an Underperform rating on the stock. Analysts offering their rating for NLOK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NLOK as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.
What is NLOK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $26.00 and a high of $31.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for NortonLifeLock Inc. (NLOK) stock is $28.33.