The stock of Gen Digital Inc (NASDAQ: GEN) has decreased by -0.11 when compared to last closing price of 28.27. Despite this, the company has experienced a 4.48% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-31 that Higher revenues, disciplined spending and cost synergies from the NortonLifeLock and Avast merger aided GEN’s second-quarter earnings growth.
Is It Worth Investing in Gen Digital Inc (NASDAQ: GEN) Right Now?
The price-to-earnings ratio for Gen Digital Inc (NASDAQ: GEN) is above average at 28.78x, Company’s 36-month beta value is 0.75.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.”
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The public float for GEN is 558.03M, and currently, short sellers hold a 3.08% ratio of that floaft. The average trading volume of GEN on November 05, 2024 was 3.11M shares.
GEN’s Market Performance
The stock of Gen Digital Inc (GEN) has seen a 4.48% increase in the past week, with a 2.73% rise in the past month, and a 15.64% gain in the past quarter. The volatility ratio for the week is 3.32%, and the volatility levels for the past 30 days are at 2.02% for GEN. The simple moving average for the last 20 days is 2.44% for GEN stock, with a simple moving average of 17.01% for the last 200 days.
Analysts’ Opinion of GEN
Many brokerage firms have already submitted their reports for GEN stocks, with Wells Fargo repeating the rating for GEN by listing it as a “Overweight.” The predicted price for GEN in the upcoming period, according to Wells Fargo is $35 based on the research report published on October 24, 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 $27, previously predicting the price at $28. The rating they have provided for GEN stocks is “Equal-Weight” according to the report published on June 07th, 2024.
Barclays gave a rating of “Equal Weight” to GEN, setting the target price at $25 in the report published on April 11th of the current year.
GEN Trading at 4.70% 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 -5.96% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 3.32%, as shares surge +3.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.80% upper at present.
During the last 5 trading sessions, GEN rose by +4.48%, which changed the moving average for the period of 200-days by +20.27% in comparison to the 20-day moving average, which settled at $27.57. In addition, Gen Digital Inc saw 23.75% 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 Pilette Vincent, who sale 178,801 shares at the price of $25.54 back on Aug 19 ’24. After this action, Pilette Vincent now owns 1,719,658 shares of Gen Digital Inc, valued at $4,565,862 using the latest closing price.
Pilette Vincent, the Officer of Gen Digital Inc, proposed sale 178,801 shares at $25.22 during a trade that took place back on Aug 19 ’24, which means that Pilette Vincent is holding shares at $4,510,185 based on the most recent closing price.
Stock Fundamentals for GEN
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.79 for the gross margin
The net margin for Gen Digital Inc stands at 0.16. The total capital return value is set at 0.14. Equity return is now at value 27.48, with 3.89 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 0.25. The debt to equity ratio resting at 4.06. The interest coverage ratio of the stock is -5.29.
Currently, EBITDA for the company is 1.66 billion with net debt to EBITDA at 6.39. When we switch over and look at the enterprise to sales, we see a ratio of 6.53. The receivables turnover for the company is 23.52for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
In a nutshell, Gen Digital Inc (GEN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
