On November 20, 2023, Gen Digital Inc (NASDAQ: GEN) opened at $20.58, higher 0.63% from the last session. During the day, the shares moved up to $21.01 and dropped to $20.4179 before settling in for the closing price of $20.66. Price fluctuations for GEN have ranged from $15.45 to $23.92 over the past 52 weeks.
During the last 5-year period, the sales drop of Technology Sector giant was -3.27%. Company’s average yearly earnings per share was noted 9.12% at the time writing. With a float of $579.90 million, this company’s outstanding shares have now reached $640.00 million.
Let’s determine the extent of company efficiency that accounts for 3700 employees. In terms of profitability, gross margin is +77.20, operating margin of +41.13, and the pretax margin is +24.09.
Gen Digital Inc (GEN) Insider Activity
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Gen Digital Inc is 9.49%, while institutional ownership is 83.36%. 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) Earnings and Forecasts
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 28.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.55% during the next five years compared to 4.88% growth over the previous five years of trading.
Gen Digital Inc (NASDAQ: GEN) Trading Performance Indicators
Check out the current performance indicators for Gen Digital Inc (GEN). In the past quarter, the stock posted a quick ratio of 0.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.53. Likewise, its price to free cash flow for the trailing twelve months is 13.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.20, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 2.25 in one year’s time.
Technical Analysis of Gen Digital Inc (GEN)
Looking closely at Gen Digital Inc (NASDAQ: GEN), its last 5-days average volume was 5.15 million, which is a jump from its year-to-date volume of 4.01 million. As of the previous 9 days, the stock’s Stochastic %D was 96.29%. Additionally, its Average True Range was 0.54.
During the past 100 days, Gen Digital Inc’s (GEN) raw stochastic average was set at 92.45%, which indicates a significant decrease from 95.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.94% in the past 14 days, which was higher than the 31.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.11, while its 200-day Moving Average is $18.44. However, in the short run, Gen Digital Inc’s stock first resistance to watch stands at $21.06. Second resistance stands at $21.33. The third major resistance level sits at $21.65. If the price goes on to break the first support level at $20.47, it is likely to go to the next support level at $20.15. Should the price break the second support level, the third support level stands at $19.88.
Gen Digital Inc (NASDAQ: GEN) Key Stats
There are currently 640,715K shares outstanding in the company with a market cap of 13.32 billion. Presently, the company’s annual sales total 3,338 M according to its annual income of 1,349 M. Last quarter, the company’s sales amounted to 948,000 K and its income totaled 149,000 K.