The stock of Gen Digital Inc. (NASDAQ:GEN) decreased by -$0.24 on Tuesday to $20.82, down -1.16 percent. The last five days have seen an average of 2,960,035 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.62. The average number of shares traded over the last 20 days was 3,773,474, while the average volume over the last 50 days totaled 3,653,864.
GEN stock appreciated 10.31% since last month. On 08/03/23, the company’s shares reached a one-month low of $18.50. The stock touched a high of $24.31 on 02/02/23, after rallying from a low of $15.45 in 52 weeks. The price of GEN stock has declined by -2.87% or -$0.62 this year, reaching a new high 11 times. Still, the stock price is down -14.38% from the 52-week high.
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Insider Transactions
GEN stock investors should be aware that Gen Digital Inc. (GEN) stock had its last reported insider trading activity 90 days ago on May 17. On May 17, President Vlcek Ondrej acquired 300,000 shares at $15.79 each. This transaction resulted in the insider spending $4,737,000. On Feb 16, DERSE NATALIE MARIE sold 1,033 shares at a price of US$21.10. After the transaction, the insider now owns 235,863 shares.
Valuation Metrics
Gen Digital Inc. (GEN) has a trailing price-to-earnings (P/E) ratio of 10.00. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.70, the price-to-book (PB) ratio of 5.70, and the price-to-cash flow ratio of 17.42.
Company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year. A $11.8750 dividend decrease was reported on Thursday February 6 2020.
Financial Health
For the three months ended June 29, Gen Digital Inc.’s quick ratio was 0.40, while its current ratio was 0.40, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.99, and the total debt to equity ratio is 4.09. As far as profitability goes, gross margin for the trailing twelve months is 81.40% percent. Gen Digital Inc.’s EBITDA margin for the year ended June 29 was 51.68%, whereas its operating margin stood at 37.00% for the same period. Based on annual data, it had gross profit of $2.75 billion and revenue of $3.34 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GEN’s return on assets (ROA) during the last 12 months has been 8.50%. There was a 14.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 70.90%.
Earnings Surprise
According to Gen Digital Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $946.0 million, while revenues rose by 2.85% to $715.35 million. It was predicted that Gen Digital Inc.’s quarterly earnings would be $0.47, but it ended up being $0.46, beating the consensus by 2.20%. EBITDA was $487.0 million for the quarter. At the end of Gen Digital Inc.’s most recent quarter ended June 29, its liabilities totaled 13.45 billion, while its total debt was $9.61 billion. Equity owned by shareholders amounts to $639.44 million.
Technical Picture
Here’s a quick look at Gen Digital Inc.’s (GEN) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 62.12%, suggesting the stock is Neutral, with a 55.82% historical volatility rate.
The stochastic %K and %D were 90.94% and 89.56% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 87.17%, the RSI (14) reading is 62.30%. On the 9-day MACD Oscillator, the stock is at 0.42, and the 14-day reading is at 0.84.
Analyst Ratings
In its analyst report released on May 19, 2023, Evercore ISI began covering Gen Digital Inc. (NASDAQ: GEN). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Gen Digital Inc. (GEN) an Overweight rating. GEN is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is GEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $27.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for Gen Digital Inc. (GEN) is $23.50.
