Gen Digital Inc (NASDAQ: GEN) is 9.03% higher on its value in year-to-date trading and has touched a low of $16.38 and a high of $26.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GEN stock was last observed hovering at around $24.62 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $24.88, the stock is -1.57% and 0.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing 1.06% at the moment leaves the stock 10.56% off its SMA200. GEN registered 19.27% gain for a year compared to 6-month gain of 13.61%.
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The stock witnessed a -1.89% loss in the last 1 month and extending the period to 3 months gives it a 3.67%, and is 1.88% 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 2.27% over the week and 2.37% over the month.
Gen Digital Inc (GEN) has around 3400 employees, a market worth around $15.31B and $3.83B in sales. Current P/E ratio is 26.09 and Fwd P/E is 10.13. Profit margin for the company is 15.87%. Distance from 52-week low is 51.89% and -5.65% from its 52-week high. The company has generated returns on investments over the last 12 months (6.61%).
The EPS is expected to grow by 12.50% this year.
Gen Digital Inc (GEN) Top Institutional Holders
The shares outstanding are 623.00M, and float is at 558.32M with Short Float at 2.83%.
Gen Digital Inc (GEN) Insider Activity
The most recent transaction is an insider sale by Feld Peter A,the company’sDirector. SEC filings show that Feld Peter A sold 342,300 shares of the company’s common stock on May 15 ’24 at a price of $24.89 per share for a total of $8.52 million. Following the sale, the insider now owns 0.0 shares.
Gen Digital Inc disclosed in a document filed with the SEC on May 14 ’24 that Feld Peter A (Director) sold a total of 750,000 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $24.44 per share for $18.33 million. Following the transaction, the insider now directly holds 39182.0 shares of the GEN stock.
Still, SEC filings show that on May 14 ’24, DERSE NATALIE MARIE (CFO) disposed off 169,535 shares at an average price of $24.31 for $4.12 million. The insider now directly holds 333,668 shares of Gen Digital Inc (GEN).
