Gen Digital Inc. (NASDAQ: GEN) is -25.80% lower on its value in year-to-date trading and has touched a low of $16.17 and a high of $30.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GEN stock was last observed hovering at around $16.42 in the last trading session, with the day’s loss setting it -0.52% off its average median price target of $25.50 for the next 12 months. It is also 45.17% off the consensus price target high of $29.00 offered by 7 analysts, but current levels are 36.4% higher than the price target low of $25.00 for the same period.
Currently trading at $15.90, the stock is -19.08% and -24.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.98 million and changing -3.17% at the moment leaves the stock -28.79% off its SMA200. GEN registered -42.43% loss for a year compared to 6-month loss of -30.11%.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
The stock witnessed a -25.74% gain in the last 1 month and extending the period to 3 months gives it a -29.86%, and is -14.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.23% over the week and 3.01% over the month.
Gen Digital Inc. (GEN) has around 2700 employees, a market worth around $10.85B and $3.11B in sales. Current P/E ratio is 17.59 and Fwd P/E is 7.79. Profit margin for the company is 17.80%. Distance from 52-week low is -1.67% and -47.52% from its 52-week high. The company has generated returns on investments over the last 12 months (21.90%).
Gen Digital Inc. (GEN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Gen Digital Inc. (GEN) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Gen Digital Inc. is expected to release its quarterly report on 05/04/2023.The EPS is expected to grow by 21.90% this year.
Gen Digital Inc. (GEN) Top Institutional Holders
The shares outstanding are 647.00M, and float is at 610.17M with Short Float at 2.16%.
Gen Digital Inc. (GEN) Insider Activity
A total of 4 insider transactions have happened at Gen Digital Inc. (GEN) in the last six months, with sales accounting for 3 and purchases happening 1 times. The most recent transaction is an insider sale by DERSE NATALIE MARIE,the company’sCFO. SEC filings show that DERSE NATALIE MARIE sold 1,033 shares of the company’s common stock on Feb 16 at a price of $21.10 per share for a total of $21796.0. Following the sale, the insider now owns 0.24 million shares.
Gen Digital Inc. (GEN): Who are the competitors?
The company’s main competitors (and peers) include Microsoft Corporation (MSFT) that is trading -6.88% down over the past 12 months and Fortinet Inc. (FTNT) that is 9.07% higher over the same period.