Gen Digital Inc. (NASDAQ:GEN) finished Thursday with a subtraction of -$0.54 to close at $20.16, a downside of -2.61 percent. An average of 2,765,720 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 3,850,030 shares traded, while the 50-day average volume stands at 3,630,782.
GEN stock has increased by 2.13% in the last month. The company shares reached their 1-month lowest point of $18.50 on 08/03/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $15.45 and a high of $23.92 in 52 weeks. It has reached a new high 11 times so far this year and lost -5.93% or -$1.27 in price. In spite of this, the price is down -15.72% 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 190 days ago on May 17.
Valuation Metrics
Gen Digital Inc. (GEN) has a trailing price-to-earnings (P/E) ratio of 9.68. The stock’s beta is 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.57, the price-to-book (PB) ratio at 5.52, and the price-to-cash flow ratio at 16.79.
The company has a payout ratio of 23.90%. 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 Gen Digital Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.99 and a total debt to equity ratio of 4.09 for the quarter ending June 29. Gen Digital Inc.’s EBITDA margin for the year ending June 29 is 51.68%, while its operating margin for the same period stands at 37.00%. Its gross profit as reported stood at $2.75 billion compared to revenue of $3.34 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, Gen Digital Inc.’s return on assets was 8.50%.
Earnings Surprise
The analyst consensus anticipated Gen Digital Inc.’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.47, a 2.20% surprise. For the quarter, EBITDA amounted to $487.0 million. Shareholders own equity worth $639.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Gen Digital Inc. (GEN) price momentum. RSI 9-day as of the close on 24 August was 47.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.20%.
As of today, GEN’s price is $20.51 unch or $unch from its 5-day moving average. GEN is currently trading +3.38% higher than its 20-day SMA and +17.48% higher than its 100-day SMA. However, the stock’s current price level is +9.39% above the SMA50 and -9.03% below the SMA200.
The stochastic %K and %D were 63.57% and 74.26%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 33.11% and the average true range at 0.53, the RSI (14) stands at 51.60%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.17.
Analyst Ratings
Evercore ISI launched coverage on Gen Digital Inc. (NASDAQ: GEN) in its analyst report released on May 19, 2023. The firm assigned the stock an Outperform rating. The consensus rating for Gen Digital Inc. (GEN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GEN, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is GEN’s price target for the next 12 months?
Analysts predict a range of price targets between $21.00 and $27.00, with a median target of $23.00. Taking a look at these predictions, the average price target given by analysts for Gen Digital Inc. (GEN) stock is $23.50.
