The -13.88% Decline of Gen Digital Inc’s (GEN) Stock in the Past Quarter

The stock of Gen Digital Inc (GEN) has seen a -0.44% decrease in the past week, with a 23.48% gain in the past month, and a 12.01% flourish in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 2.44% for GEN.. The simple moving average for the past 20 days is 0.66% for GEN’s stock, with a 17.08% simple moving average for the past 200 days.

Is It Worth Investing in Gen Digital Inc (NASDAQ: GEN) Right Now?

Gen Digital Inc (NASDAQ: GEN) has a higher price-to-earnings ratio of 25.78x compared to its average ratio, The 36-month beta value for GEN is at 0.75. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”

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The public float for GEN is 568.94M, and currently, shorts hold a 3.51% of that float. The average trading volume for GEN on June 10, 2024 was 4.60M shares.

GEN) stock’s latest price update

Gen Digital Inc (NASDAQ: GEN)’s stock price has gone decline by -2.83 in comparison to its previous close of 25.44, however, the company has experienced a -0.44% decrease in its stock price over the last five trading days. youtube.com reported 2024-06-07 that Gen Digital (GEN) is the worst performer in the S&P 500 after a Morgan Stanley downgrade. The analyst notes that they see limited upside to forward earnings estimates given slowing sales.

Analysts’ Opinion of GEN

Many brokerage firms have already submitted their reports for GEN stocks, with Morgan Stanley repeating the rating for GEN by listing it as a “Equal-Weight.” The predicted price for GEN in the upcoming period, according to Morgan Stanley is $27 based on the research report published on June 07, 2024 of the current year 2024.

Barclays, on the other hand, stated in their research note that they expect to see GEN reach a price target of $25, previously predicting the price at $28. The rating they have provided for GEN stocks is “Equal Weight” according to the report published on April 11th, 2024.

Morgan Stanley gave a rating of “Overweight” to GEN, setting the target price at $26 in the report published on November 21st of the previous year.

GEN Trading at 10.24% 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 -3.49% of loss for the given period.

Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +21.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.86% upper at present.

During the last 5 trading sessions, GEN fell by -0.44%, which changed the moving average for the period of 200-days by +20.41% in comparison to the 20-day moving average, which settled at $24.78. In addition, Gen Digital Inc saw 8.33% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at GEN starting from Feld Peter A, who sale 342,300 shares at the price of $24.89 back on May 15 ’24. After this action, Feld Peter A now owns 0 shares of Gen Digital Inc, valued at $8,519,436 using the latest closing price.

Feld Peter A, the Director of Gen Digital Inc, sale 750,000 shares at $24.44 during a trade that took place back on May 14 ’24, which means that Feld Peter A is holding 39,182 shares at $18,326,925 based on the most recent closing price.

Stock Fundamentals for GEN

Current profitability levels for the company are sitting at:

  • 0.3 for the present operating margin
  • 0.8 for the gross margin

The net margin for Gen Digital Inc stands at 0.16. The total capital return value is set at 0.09. Equity return is now at value 28.02, with 3.88 for asset returns.

Based on Gen Digital Inc (GEN), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 3.92. The interest coverage ratio of the stock is 3.29.

Currently, EBITDA for the company is 1.66 billion with net debt to EBITDA at 4.59. When we switch over and look at the enterprise to sales, we see a ratio of 6.1. The receivables turnover for the company is 23.39for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.

Conclusion

In conclusion, Gen Digital Inc (GEN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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