What You Need To Know About NortonLifeLock Inc. (NLOK)

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NortonLifeLock Inc. (NASDAQ:NLOK) finished Thursday with an addition of $0.08 to close at $21.27, an upside of 0.38 percent. An average of 7,459,760 shares of common stock have been traded in the last five days. There was a fall of -$0.31 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 6,567,690 shares traded, while the 50-day average volume stands at 6,003,280.

NLOK stock has decreased by -8.40% in the last month. The company shares reached their 1-month lowest point of $20.76 on 09/20/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $20.76 and a high of $30.92 in 52 weeks. It has reached a new high 8 times so far this year and lost -18.13% or -$4.71 in price. In spite of this, the price is down -31.20% from the 52-week high.


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Insider Transactions

219 days have passed since NortonLifeLock Inc. (NLOK) last reported insider trading activity. DERSE NATALIE MARIE, who is CFO, most recently acquired $966 shares at $28.94 per share on Feb 16.

Valuation Metrics

NortonLifeLock Inc. (NLOK) has a trailing price-to-earnings (P/E) ratio of 14.78. The stock’s beta is 0.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.10, and the price-to-cash flow ratio at 23.03.

The company has a payout ratio of 34.00%. The company’s most recent quarterly dividend payment was $0.1250 a share, without any change from last year. Its latest decrease dividend $11.8750 reported on Thursday February 6 2020.

Financial Health

The quick ratio of NortonLifeLock Inc. for the three months ended March 30 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $2.39 billion compared to revenue of $2.8 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NortonLifeLock Inc.’s return on assets was 12.80%.

Earnings Surprise

For the three-month period that ended March 30, NortonLifeLock Inc. had $2.71 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $200.0 million in the quarter, while revenues were grew 9.5%. The analyst consensus anticipated NortonLifeLock Inc.’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.46, a 2.20% surprise. For the quarter, EBITDA amounted to $290.0 million. Shareholders own equity worth $571.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NortonLifeLock Inc. (NLOK) price momentum. RSI 9-day as of the close on 22 September was 35.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.87%.

As of today, NLOK’s price is $21.19 -1.44% or -$0.31 from its 5-day moving average. NLOK is currently trading -8.00% lower than its 20-day SMA and -15.06% lower than its 100-day SMA. However, the stock’s current price level is -7.28% below the SMA50 and -12.61% below the SMA200.

The stochastic %K and %D were 13.07% and 12.43%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 18.35% and the average true range at 0.63, the RSI (14) stands at 36.16%. The stock has reached -0.38 on the 9-day MACD Oscillator while the 14-day reading was at -0.84.

Analyst Ratings

Morgan Stanley downgraded NortonLifeLock Inc. (NASDAQ: NLOK) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for NortonLifeLock Inc. (NLOK) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NLOK, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

What is NLOK’s price target for the next 12 months?

Analysts predict a range of price targets between $24.80 and $29.00, with a median target of $27.00. Taking a look at these predictions, the average price target given by analysts for NortonLifeLock Inc. (NLOK) stock is $26.95.

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