Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $20.03 in the prior trading day, Gen Digital Inc (NASDAQ: GEN) closed at $19.70, down -1.65%. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 6.97 million shares were traded. GEN stock price reached its highest trading level at $20.08 during the session, while it also had its lowest trading level at $19.64.
Ratios:
Our goal is to gain a better understanding of GEN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 3.85 whereas as Long-Term Debt/Eq ratio is at 3.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on April 11, 2024, Downgraded its rating to Equal Weight and sets its target price to $25 from $28 previously.
On November 21, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $23 to $26.
On November 16, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $25.BofA Securities initiated its Buy rating on November 16, 2023, with a $25 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 16 ’24 when DERSE NATALIE MARIE sold 1,221 shares for $21.32 per share. The transaction valued at 26,032 led to the insider holds 360,740 shares of the business.
Vlcek Ondrej bought 300,000 shares of GEN for $4,737,000 on May 17 ’23. The President now owns 4,160,061 shares after completing the transaction at $15.79 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GEN now has a Market Capitalization of 12763787264 and an Enterprise Value of 21357125632. As of this moment, Gen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.08, and their Forward P/E ratio for the next fiscal year is 8.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.31 while its Price-to-Book (P/B) ratio in mrq is 5.19. Its current Enterprise Value per Revenue stands at 5.632 whereas that against EBITDA is 11.495.
Stock Price History:
Over the past 52 weeks, GEN has reached a high of $24.37, while it has fallen to a 52-week low of $15.45. The 50-Day Moving Average of the stock is -7.90%, while the 200-Day Moving Average is calculated to be -4.64%.
Shares Statistics:
The stock has traded on average 4.10M shares per day over the past 3-months and 3854050 shares per day over the last 10 days, according to various share statistics. A total of 640.00M shares are outstanding, with a floating share count of 579.16M. Insiders hold about 9.07% of the company’s shares, while institutions hold 82.93% stake in the company. Shares short for GEN as of 1713139200 were 17040644 with a Short Ratio of 4.16, compared to 1710460800 on 14993446. Therefore, it implies a Short% of Shares Outstanding of 17040644 and a Short% of Float of 3.45.
Dividends & Splits
In the trailing 12 months, GEN’s forward annual dividend rate was 0.5, compared to 0.50 this year. Against a Trailing Annual Dividend Yield of 0.024962556The stock’s 5-year Average Dividend Yield is 2.12.
