Gen Digital Inc (NASDAQ: GEN) kicked off on Friday, down -0.19% from the previous trading day, before settling in for the closing price of $27.02. Over the past 52 weeks, GEN has traded in a range of $16.38-$28.45.
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A company in the Technology sector has jumped its sales by 9.40% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 12.46%. With a float of $557.41 million, this company’s outstanding shares have now reached $623.00 million.
In an organization with 3400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 78.2%, operating margin of 31.25%, and the pretax margin is 13.86%.
Gen Digital Inc (GEN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Gen Digital Inc is 9.44%, while institutional ownership is 86.52%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.47 earnings per share (EPS), higher than consensus estimate (set at 0.47) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% 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
Take a look at Gen Digital Inc’s (GEN) current performance indicators. Last quarter, stock had a quick ratio of 0.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.33. Likewise, its price to free cash flow for the trailing twelve months is 7.97.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.88 million. That was inferior than the volume of 4.15 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.64%. Additionally, its Average True Range was 0.47.
During the past 100 days, Gen Digital Inc’s (GEN) raw stochastic average was set at 71.43%, which indicates a significant increase from 14.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.56% in the past 14 days, which was lower than the 20.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.70, while its 200-day Moving Average is $24.00. However, in the short run, Gen Digital Inc’s stock first resistance to watch stands at $27.17. Second resistance stands at $27.38. The third major resistance level sits at $27.53. If the price goes on to break the first support level at $26.81, it is likely to go to the next support level at $26.66. Assuming the price breaks the second support level, the third support level stands at $26.45.
Gen Digital Inc (NASDAQ: GEN) Key Stats
The company with the Market Capitalisation of 16.60 billion has total of 626,146K Shares Outstanding. Its annual sales at the moment are 3,812 M in contrast with the sum of 616,000 K annual income. Company’s last quarter sales were recorded 965,000 K and last quarter income was 181,000 K.
