Gen Digital Inc (NASDAQ: GEN) is -0.22% lower on its value in year-to-date trading and has touched a low of $19.08 and a high of $31.72 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 $27.52 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $27.32, the stock is -0.33% and -5.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -0.73% at the moment leaves the stock 5.38% off its SMA200. GEN registered 18.94% gain for a year compared to 6-month gain of 7.22%. The firm has a 50-day simple moving average (SMA 50) of $29.0526 and a 200-day simple moving average (SMA200) of $25.8978.
The stock witnessed a -7.01% loss in the last 1 month and extending the period to 3 months gives it a -2.64%, and is 1.75% 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 1.43% over the week and 1.85% over the month.
Gen Digital Inc (GEN) has around 3400 employees, a market worth around $16.84B and $3.86B in sales. Current P/E ratio is 27.85 and Fwd P/E is 11.12. Profit margin for the company is 16.07%. Distance from 52-week low is 43.19% and -13.87% 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 12.55% this year.
Gen Digital Inc (GEN) Top Institutional Holders
928.0 institutions hold shares in Gen Digital Inc (GEN), with institutional investors hold 95.22% of the company’s shares. The shares outstanding are 616.00M, and float is at 558.15M with Short Float at 2.04%. Institutions hold 86.42% 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 KO BRYAN SEUK, the company’s CLO & Head Corp Aff. SEC filings show that KO BRYAN SEUK sold 48,290 shares of the company’s common stock on Nov 26 ’24 at a price of $30.58 per share for a total of $1.48 million. Following the sale, the insider now owns 0.5 million shares.
Still, SEC filings show that on Aug 19 ’24, Pilette Vincent (CEO & President) disposed off 178,801 shares at an average price of $25.54 for $4.57 million. The insider now directly holds 1,719,658 shares of Gen Digital Inc (GEN).
