Gen Digital Inc (NASDAQ: GEN) on Monday, plunged -1.58% from the previous trading day, before settling in for the closing price of $20.93. Within the past 52 weeks, GEN’s price has moved between $15.45 and $24.37.
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A company in the Technology sector has jumped its sales by 8.21% annually for the last half of the decade. The company achieved an average annual earnings per share of 7.77%. With a float of $579.16 million, this company’s outstanding shares have now reached $640.00 million.
In an organization with 3700 employees, it is important to assess its efficiency.
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 9.07%, while institutional ownership is 82.88%. The most recent insider transaction that took place on Feb 16 ’24, was worth 26,032. In this transaction CFO of this company sold 1,221 shares at a rate of $21.32, taking the stock ownership to the 360,740 shares. Before that another transaction happened on May 17 ’23, when Company’s President bought 300,000 for $15.79, making the entire transaction worth $4,737,000. This insider now owns 4,160,061 shares in total.
Gen Digital Inc (GEN) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.77% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.70% 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
Gen Digital Inc (GEN) is currently performing well based on its current performance indicators. A quick ratio of 0.67 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 3.46. Likewise, its price to free cash flow for the trailing twelve months is 13.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.17, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.21 in one year’s time.
Technical Analysis of Gen Digital Inc (GEN)
Let’s dig in a bit further. During the last 5-days, its volume was 3.96 million. That was inferior than the volume of 4.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.00%. Additionally, its Average True Range was 0.53.
During the past 100 days, Gen Digital Inc’s (GEN) raw stochastic average was set at 28.73%, which indicates a significant increase from 6.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.76% in the past 14 days, which was higher than the 28.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.65, while its 200-day Moving Average is $20.54. However, in the short run, Gen Digital Inc’s stock first resistance to watch stands at $21.08. Second resistance stands at $21.55. The third major resistance level sits at $21.86. If the price goes on to break the first support level at $20.29, it is likely to go to the next support level at $19.98. Assuming the price breaks the second support level, the third support level stands at $19.51.
Gen Digital Inc (NASDAQ: GEN) Key Stats
Market capitalization of the company is 13.12 billion based on 636,910K outstanding shares. Right now, sales total 3,338 M and income totals 1,349 M. The company made 951,000 K in profit during its latest quarter, and 144,000 K in sales during its previous quarter.
