As of Thursday close, Gen Digital Inc.’s (NASDAQ:GEN) stock was down -$0.31, moving down -1.51 percent to $20.16. The average number of shares traded per day over the past five days has been 3,026,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.59 fall in that time frame. In the last twenty days, the average volume was 3,958,550, while in the previous 50 days, it was 3,702,242.
Since last month, GEN stock rose 4.35%. Shares of the company fell to $18.50 on 08/03/23, the lowest level in the past month. A 52-week high of $24.04 was reached on 02/02/23 after having rallying from a 52-week low of $15.45. Since the beginning of this year, GEN’s stock price has dropped by -5.93% or -$1.27, and marked a new high 11 times. However, the stock has declined by -16.14% since its 52-week high.
GEN stock investors should be aware that Gen Digital Inc. (GEN) stock had its last reported insider trading activity 93 days ago on May 17. Vlcek Ondrej, the President of the company, purchased of 300,000 shares for $15.79 on May 17. It resulted in a $4,737,000 investment by the insider. DERSE NATALIE MARIE sold 1,033 shares at an average price of $21.10 on Feb 16. The insider now owns 235,863 shares following the transaction.
Valuation Metrics
Right now, Gen Digital Inc. (GEN) has a P/E ratio of about 9.68. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 3.58, the price-to-book (PB) ratio of 5.52, and the price-to-cash flow ratio of 16.87 may also be considered.
The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250. On Thursday February 6 2020, a $11.8750 dividend decrease was announced.
Financial Health
In the three months ended June 29, Gen Digital Inc.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.99, and the total debt-to-equity ratio was 4.09. On the profitability front, the trailing twelve-month gross margin is 81.40% percent. In the year ended June 29, EBITDA margin amounted to 51.68%, whereas operating margins totaled 37.00%. Based on annual data, GEN earned $2.75 billion in gross profit and brought in $3.34 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.70%. Return on equity (ROE) for the past 12 months was 70.90%.
In Gen Digital Inc.’s quarter-end financial report for June 29, it reported total debt of $9.33 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GEN’s revenue rose 2.85% to $715.35 million during the quarter, while net income inched up to $946.0 million. While analysts expected Gen Digital Inc. to report $0.46 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by 2.20%. During the quarter, the company generated $487.0 million in EBITDA. The liabilities of Gen Digital Inc. were 13.45 billion at the end of its most recent quarter ended June 29, and its total debt was $9.61 billion. The value of shareholders’ equity is $639.44 million.
Technical Picture
This quick technical analysis looks at Gen Digital Inc.’s (GEN) price momentum. With a historical volatility rate of 54.50%, the RSI 9-day stood at 50.23% on 17 August.
With respect to its five-day moving average, the current Gen Digital Inc. price is down by -2.84% percent or -$0.59. At present, GEN shares trade +5.61% above its 20-day simple moving average and +22.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.20% above its SMA50 and -10.64% below its SMA200.
Stochastic coefficient K was 74.47% and Stochastic coefficient D was 83.65%, while ATR was 0.52. Given the Stochastic reading of 62.64% for the 14-day period, the RSI (14) reading has been calculated as 54.05%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at 0.29.
Analyst Ratings
Evercore ISI launched its rating on Gen Digital Inc. (NASDAQ: GEN) to an Outperform in a note to investors on May 19, 2023. Gen Digital Inc. (GEN) has been rated Overweight by analysts. According to 0 brokerage firms, GEN is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Gen Digital Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $23.00, the current consensus forecast for the stock is $21.00 – $27.00. Based on these forecasts, analysts predict Gen Digital Inc. (GEN) will achieve an average price target of $23.50.
