On Friday, Gen Digital Inc (NASDAQ: GEN) was 1.10% up from the session before settling in for the closing price of $27.17. A 52-week range for GEN has been $16.38 – $27.24.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 9.40%. When this article was written, the company’s average yearly earnings per share was at 12.50%. With a float of $557.41 million, this company’s outstanding shares have now reached $623.00 million.
Considering the fact that the conglomerate employs 3400 people, you should pay attention to its efficiency factor.
Gen Digital Inc (GEN) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Gen Digital Inc stocks. The insider ownership of Gen Digital Inc is 9.44%, while institutional ownership is 86.60%. The most recent insider transaction that took place on Aug 19 ’24, was worth 4,565,862. In this transaction CEO & President of this company sold 178,801 shares at a rate of $25.54, taking the stock ownership to the 1,719,658 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Officer proposed sale 178,801 for $25.22, making the entire transaction worth $4,510,185.
Gen Digital Inc (GEN) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 12.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.45% 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
You can see what Gen Digital Inc (GEN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.41. Likewise, its price to free cash flow for the trailing twelve months is 8.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.95, a number that is poised to hit 0.54 in the next quarter and is forecasted to reach 2.46 in one year’s time.
Technical Analysis of Gen Digital Inc (GEN)
Compared to the last year’s volume of 4.32 million, its volume of 2.65 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 82.06%. Additionally, its Average True Range was 0.51.
During the past 100 days, Gen Digital Inc’s (GEN) raw stochastic average was set at 99.52%, which indicates a significant increase from 98.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.37% in the past 14 days, which was lower than the 30.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.80, while its 200-day Moving Average is $23.54. Nevertheless, the first resistance level for the watch stands at $27.59 in the near term. At $27.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.91. If the price goes on to break the first support level at $27.27, it is likely to go to the next support level at $27.07. Should the price break the second support level, the third support level stands at $26.95.
Gen Digital Inc (NASDAQ: GEN) Key Stats
There are 626,146K outstanding shares of the company, which has a market capitalization of 16.91 billion. As of now, sales total 3,812 M while income totals 616,000 K. Its latest quarter income was 965,000 K while its last quarter net income were 181,000 K.
