Gen Digital Inc (NASDAQ: GEN) has a price-to-earnings ratio of 29.80x that is above its average ratio. Additionally, the 36-month beta value for GEN is 0.75. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for GEN is 558.03M and currently, short sellers hold a 2.62% ratio of that float. The average trading volume of GEN on November 20, 2024 was 3.16M shares.
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GEN) stock’s latest price update
Gen Digital Inc (NASDAQ: GEN)’s stock price has decreased by -0.14 compared to its previous closing price of 29.28. However, the company has seen a -4.23% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-19 that Report Finds 614% Increase in Scams Where Cybercriminals Go After People’s Desire to Learn about Technology and Problem-Solve, Supporting a Surge in Data Theft TEMPE, Ariz. and PRAGUE, Nov. 19, 2024 /PRNewswire/ — Gen™ (NASDAQ: GEN), a global leader in consumer Cyber Safety with a family of brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner, today released the Q3/2024 Gen Threat Report.
GEN’s Market Performance
Gen Digital Inc (GEN) has experienced a -4.23% fall in stock performance for the past week, with a 9.10% rise in the past month, and a 13.55% rise in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 2.19% for GEN. The simple moving average for the past 20 days is 1.93% for GEN’s stock, with a 19.41% simple moving average for the past 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 5.32% 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 -5.33% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +7.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.90% upper at present.
During the last 5 trading sessions, GEN fell by -4.23%, which changed the moving average for the period of 200-days by +38.68% in comparison to the 20-day moving average, which settled at $28.69. In addition, Gen Digital Inc saw 28.13% 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
- 0.77 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 2.51.
Currently, EBITDA for the company is 1.63 billion with net debt to EBITDA at 3.9. When we switch over and look at the enterprise to sales, we see a ratio of 6.71. The receivables turnover for the company is 21.67for 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 conclusion, Gen Digital Inc (GEN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
