Gen Digital Inc (NASDAQ: GEN) is 28.31% higher on its value in year-to-date trading and has touched a low of $19.08 and a high of $30.89 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 $29.58 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $29.28, the stock is 2.45% and 5.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.99 million and changing -1.01% at the moment leaves the stock 19.78% off its SMA200. GEN registered 43.53% gain for a year compared to 6-month gain of 19.66%. The firm has a 50-day simple moving average (SMA 50) of $27.6256 and a 200-day simple moving average (SMA200) of $24.40555.
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The stock witnessed a 7.65% loss in the last 1 month and extending the period to 3 months gives it a 15.69%, and is -3.59% 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 1.88% over the week and 2.21% over the month.
Gen Digital Inc (GEN) has around 3400 employees, a market worth around $17.77B and $3.86B in sales. Current P/E ratio is 29.84 and Fwd P/E is 11.91. Profit margin for the company is 16.07%. Distance from 52-week low is 53.46% and -5.20% from its 52-week high. The company has generated returns on investments over the last 12 months (6.68%).
The EPS is expected to grow by 12.46% this year.
Gen Digital Inc (GEN) Top Institutional Holders
912.0 institutions hold shares in Gen Digital Inc (GEN), with institutional investors hold 95.42% of the company’s shares. The shares outstanding are 623.00M, and float is at 558.03M with Short Float at 2.62%. Institutions hold 86.60% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 66.61 million shares valued at $1.66 billion. The investor’s holdings represent 10.4567% of the GEN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 53.89 million shares valued at $1.35 billion to account for 8.4606 of the shares outstanding. The other top investors are FMR LLC which holds 43.35 million shares representing 6.8058% and valued at over $1.08 billion, while STATE STREET CORP holds 4.3267 of the shares totaling 27.56 million with a market value of $688.47 million.
Gen Digital Inc (GEN) Insider Activity
The most recent transaction is an insider sale by Pilette Vincent, the company’s CEO & President. SEC filings show that Pilette Vincent sold 178,801 shares of the company’s common stock on Aug 19 ’24 at a price of $25.54 per share for a total of $4.57 million. Following the sale, the insider now owns 1.72 million shares.
Still, SEC filings show that on May 14 ’24, Feld Peter A (Director) disposed off 750,000 shares at an average price of $24.44 for $18.33 million. The insider now directly holds 39,182 shares of Gen Digital Inc (GEN).
