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Are we looking at the next big move in Gen Digital Inc (GEN)?

Gen Digital Inc (NASDAQ: GEN) is -2.23% lower on its value in year-to-date trading and has touched a low of $15.45 and a high of $24.37 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 $22.40 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $22.31, the stock is 2.40% and 1.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing -0.40% at the moment leaves the stock 9.67% off its SMA200. GEN registered 34.07% gain for a year compared to 6-month gain of 25.34%. The firm has a 50-day simple moving average (SMA 50) of $6.07 and a 200-day simple moving average (SMA200) of $14.53.

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The stock witnessed a 3.82% loss in the last 1 month and extending the period to 3 months gives it a -2.92%, and is 0.95% up 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 1.75% over the week and 1.99% over the month.

Gen Digital Inc (GEN) has around 3700 employees, a market worth around $14.21B and $3.79B in sales. Current P/E ratio is 10.28 and Fwd P/E is 10.05. Profit margin for the company is 36.84%. Distance from 52-week low is 44.40% and -8.45% from its 52-week high. The company has generated returns on investments over the last 12 months (12.12%).

Gen Digital Inc quarterly earnings per share for the current quarter are estimated at $0.52 with sales reaching $965.02M over the same period.The EPS is expected to grow by 7.73% this year, but quarterly earnings will post 14.10% year-over-year. Quarterly sales are estimated to grow 1.80% in year-over-year returns.

Gen Digital Inc (GEN) Top Institutional Holders

860 institutions hold shares in Gen Digital Inc (GEN), with institutional investors hold 92.58% of the company’s shares. The shares outstanding are 640.00M, and float is at 579.07M with Short Float at 2.59%. Institutions hold 84.38% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 68.43 million shares valued at $1.27 billion. The investor’s holdings represent 10.70% of the GEN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 62.71 million shares valued at $1.16 billion to account for 9.81% of the shares outstanding. The other top investors are FMR, LLC which holds 30.46 million shares representing 4.76% and valued at over $564.95 million, while State Street Corporation holds 4.74% of the shares totaling 30.3 million with a market value of $562.04 million.

Gen Digital Inc (GEN) Insider Activity

The most recent transaction is an insider sale by DERSE NATALIE MARIE,the company’sCFO. SEC filings show that DERSE NATALIE MARIE sold 1,221 shares of the company’s common stock on Feb 16 ’24 at a price of $21.32 per share for a total of $26032.0. Following the sale, the insider now owns 0.36 million shares.

Gen Digital Inc disclosed in a document filed with the SEC on May 17 ’23 that Vlcek Ondrej (President) bought a total of 300,000 shares of the company’s common stock. The trade occurred on May 17 ’23 and was made at $15.79 per share for $4.74 million. Following the transaction, the insider now directly holds 4.16 million shares of the GEN stock.

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