The price-to-earnings ratio for Gen Digital Inc (NASDAQ: GEN) is above average at 9.45x, Company’s 36-month beta value is 0.82.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for GEN is 579.16M, and currently, short sellers hold a 2.84% ratio of that floaft. The average trading volume of GEN on April 23, 2024 was 4.38M shares.
GEN) stock’s latest price update
The stock price of Gen Digital Inc (NASDAQ: GEN) has dropped by -0.05 compared to previous close of 20.50. Despite this, the company has seen a fall of -0.53% in its stock price over the last five trading days. InvestorPlace reported 2024-04-08 that If you’re looking for upside potential, you’ve come to the right place with tech stocks to buy. And if you’re looking for significant returns, you should consider the innovation sector’s discount bin.
GEN’s Market Performance
Gen Digital Inc (GEN) has experienced a -0.53% fall in stock performance for the past week, with a -7.45% drop in the past month, and a -13.03% drop in the past quarter. The volatility ratio for the week is 1.66%, and the volatility levels for the past 30 days are at 2.03% for GEN.. The simple moving average for the past 20 days is -5.21% for GEN’s stock, with a -0.42% simple moving average for the past 200 days.
Analysts’ Opinion of GEN
Many brokerage firms have already submitted their reports for GEN stocks, with Barclays repeating the rating for GEN by listing it as a “Equal Weight.” The predicted price for GEN in the upcoming period, according to Barclays is $25 based on the research report published on April 11, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see GEN reach a price target of $26, previously predicting the price at $23. The rating they have provided for GEN stocks is “Overweight” according to the report published on November 21st, 2023.
BofA Securities gave a rating of “Buy” to GEN, setting the target price at $25 in the report published on November 16th of the previous year.
GEN Trading at -5.17% from the 50-Day Moving Average
After a stumble in the market that brought GEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.92% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares sank -7.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.82% lower at present.
During the last 5 trading sessions, GEN fell by -0.53%, which changed the moving average for the period of 200-days by +14.34% in comparison to the 20-day moving average, which settled at $21.54. In addition, Gen Digital Inc saw -10.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GEN starting from DERSE NATALIE MARIE, who sale 1,221 shares at the price of $21.32 back on Feb 16 ’24. After this action, DERSE NATALIE MARIE now owns 360,740 shares of Gen Digital Inc, valued at $26,032 using the latest closing price.
Vlcek Ondrej, the President of Gen Digital Inc, purchase 300,000 shares at $15.79 during a trade that took place back on May 17 ’23, which means that Vlcek Ondrej is holding 4,160,061 shares at $4,737,000 based on the most recent closing price.
Stock Fundamentals for GEN
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.81 for the gross margin
The net margin for Gen Digital Inc stands at 0.37. The total capital return value is set at 0.08. Equity return is now at value 74.95, with 8.79 for asset returns.
Based on Gen Digital Inc (GEN), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 3.85. The interest coverage ratio of the stock is 1.6.
Currently, EBITDA for the company is 1.6 billion with net debt to EBITDA at 5.4. When we switch over and look at the enterprise to sales, we see a ratio of 5.76. The receivables turnover for the company is 3.59for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In a nutshell, Gen Digital Inc (GEN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
