Gen Digital Inc. (NASDAQ: GEN) on May 22, 2023, started off the session at the price of $16.53, soaring 5.31% from the previous trading day. During the day, the shares moved up to $17.14 and dropped to $16.44 before settling in for the closing price of $16.20. Within the past 52 weeks, GEN’s price has moved between $15.45 and $26.83.
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It was noted that within the last five years, the titan of the Technology sector saw sales slided by -7.00%. The company achieved an average annual earnings per share of 21.90%. With a float of $610.17 million, this company’s outstanding shares have now reached $647.00 million.
The extent of productivity of a business whose workforce counts for 2700 workers is very important to gauge. In terms of profitability, gross margin is +77.20, operating margin of +38.83, and the pretax margin is +24.09.
Gen Digital Inc. (GEN) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Gen Digital Inc. is 8.30%, while institutional ownership is 85.70%. The most recent insider transaction that took place on May 17, was worth 4,737,000. In this transaction President of this company bought 300,000 shares at a rate of $15.79, taking the stock ownership to the 4,160,061 shares. Before that another transaction happened on Feb 16, when Company’s CFO sold 1,033 for $21.10, making the entire transaction worth $21,796. This insider now owns 235,863 shares in total.
Gen Digital Inc. (GEN) Performance Highlights and Predictions
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.46 earnings per share (EPS) for the period topping the consensus outlook (set at $0.44) by $0.02. This company achieved a net margin of +40.41 while generating a return on equity of 128.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 21.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.90% during the next five years compared to 41.70% growth over the previous five years of trading.
Gen Digital Inc. (NASDAQ: GEN) Trading Performance Indicators
Gen Digital Inc. (GEN) is currently performing well based on its current performance indicators. A quick ratio of 0.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.25. Likewise, its price to free cash flow for the trailing twelve months is 22.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.12, a number that is poised to hit 0.46 in the next quarter and is forecasted to reach 2.41 in one year’s time.
Technical Analysis of Gen Digital Inc. (GEN)
The latest stats from [Gen Digital Inc., GEN] show that its last 5-days average volume of 6.56 million was superior to 4.25 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 52.97%. Additionally, its Average True Range was 0.54.
During the past 100 days, Gen Digital Inc.’s (GEN) raw stochastic average was set at 19.42%, which indicates a significant decrease from 82.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.08% in the past 14 days, which was higher than the 34.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.96, while its 200-day Moving Average is $20.69. Now, the first resistance to watch is $17.32. This is followed by the second major resistance level at $17.58. The third major resistance level sits at $18.02. If the price goes on to break the first support level at $16.62, it is likely to go to the next support level at $16.18. Assuming the price breaks the second support level, the third support level stands at $15.92.
Gen Digital Inc. (NASDAQ: GEN) Key Stats
Market capitalization of the company is 10.85 billion based on 639,129K outstanding shares. Right now, sales total 3,338 M and income totals 1,349 M. The company made 947,000 K in profit during its latest quarter, and 915,000 K in sales during its previous quarter.
