On Friday, Gen Digital Inc (NASDAQ: GEN) opened lower -0.41% from the last session, before settling in for the closing price of $24.49. Price fluctuations for GEN have ranged from $16.38 to $25.61 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 9.40% over the last five years. Company’s average yearly earnings per share was noted 12.67% at the time writing. With a float of $567.95 million, this company’s outstanding shares have now reached $623.00 million.
The firm has a total of 3400 workers. Let’s measure their productivity.
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 9.29%, while institutional ownership is 84.41%. The most recent insider transaction that took place on May 15 ’24, was worth 8,519,436. In this transaction Director of this company sold 342,300 shares at a rate of $24.89, taking the stock ownership to the 0 shares. Before that another transaction happened on May 14 ’24, when Company’s Director sold 750,000 for $24.44, making the entire transaction worth $18,326,925. This insider now owns 39,182 shares in total.
Gen Digital Inc (GEN) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 12.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.15% during the next five years compared to 81.21% 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 0.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.01. Likewise, its price to free cash flow for the trailing twelve months is 7.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.96, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.45 in one year’s time.
Technical Analysis of Gen Digital Inc (GEN)
Analysing the last 5-days average volume posted by the [Gen Digital Inc, GEN], we can find that recorded value of 4.55 million was lower than the volume posted last year of 4.7 million. As of the previous 9 days, the stock’s Stochastic %D was 41.60%. Additionally, its Average True Range was 0.61.
During the past 100 days, Gen Digital Inc’s (GEN) raw stochastic average was set at 81.25%, which indicates a significant increase from 30.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.56% in the past 14 days, which was lower than the 38.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.71, while its 200-day Moving Average is $21.24. Now, the first resistance to watch is $24.60. This is followed by the second major resistance level at $24.82. The third major resistance level sits at $24.97. If the price goes on to break the first support level at $24.24, it is likely to go to the next support level at $24.09. Should the price break the second support level, the third support level stands at $23.88.
Gen Digital Inc (NASDAQ: GEN) Key Stats
There are currently 626,146K shares outstanding in the company with a market cap of 15.27 billion. Presently, the company’s annual sales total 3,812 M according to its annual income of 616,000 K. Last quarter, the company’s sales amounted to 967,000 K and its income totaled 134,000 K.
