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In the latest session, Gen Digital Inc (NASDAQ: GEN) closed at $24.57 down -1.58% from its previous closing price of $24.96. In other words, the price has decreased by -$1.58 from its previous closing price. On the day, 2.7 million shares were traded. GEN stock price reached its highest trading level at $25.04 during the session, while it also had its lowest trading level at $24.68.
Ratios:
For a deeper understanding of Gen Digital Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.51. In the meantime, Its Debt-to-Equity ratio is 3.94 whereas as Long-Term Debt/Eq ratio is at 3.85.
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, Morgan Stanley on June 07, 2024, Downgraded its rating to Equal-Weight and sets its target price to $27 from $28 previously.
On April 11, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $28 to $25.
Morgan Stanley Upgraded its Equal-Weight to Overweight on November 21, 2023, whereas the target price for the stock was revised from $23 to $26.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 15 ’24 when Feld Peter A sold 342,300 shares for $24.89 per share. The transaction valued at 8,519,436 led to the insider holds 0 shares of the business.
Feld Peter A sold 750,000 shares of GEN for $18,326,925 on May 14 ’24. The Director now owns 39,182 shares after completing the transaction at $24.44 per share. On May 14 ’24, another insider, DERSE NATALIE MARIE, who serves as the CFO of the company, sold 169,535 shares for $24.31 each. As a result, the insider received 4,121,396 and left with 333,668 shares of the company.
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 15453283328 and an Enterprise Value of 23262281728. As of this moment, Gen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.62, and their Forward P/E ratio for the next fiscal year is 10.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.03 while its Price-to-Book (P/B) ratio in mrq is 6.97. Its current Enterprise Value per Revenue stands at 6.102 whereas that against EBITDA is 13.091.
Stock Price History:
The Beta on a monthly basis for GEN is 0.75, which has changed by 0.3772322 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, GEN has reached a high of $25.61, while it has fallen to a 52-week low of $16.38. The 50-Day Moving Average of the stock is 5.07%, while the 200-Day Moving Average is calculated to be 14.37%.
Shares Statistics:
For the past three months, GEN has traded an average of 5.35M shares per day and 6565440 over the past ten days. A total of 623.00M shares are outstanding, with a floating share count of 567.95M. Insiders hold about 9.29% of the company’s shares, while institutions hold 85.15% stake in the company. Shares short for GEN as of 1718323200 were 16556092 with a Short Ratio of 3.09, compared to 1715731200 on 19954793. Therefore, it implies a Short% of Shares Outstanding of 16556092 and a Short% of Float of 3.4299999999999997.
Dividends & Splits
According to the company, the forward annual dividend rate for GEN is 0.50, from 0.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.020032052The stock’s 5-year Average Dividend Yield is 2.14. The current Payout Ratio is 52.11% for GEN, which recently paid a dividend on 2024-05-17 with an ex-dividend date of 1715904000. Stock splits for the company last occurred on 2004-12-01 when the company split stock in a 2:1 ratio.
Earnings Estimates
The stock of Gen Digital Inc (GEN) is currently in the spotlight, with 5.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.53 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.52, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.54, with high estimates of $0.54 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.24 and $2.18 for the fiscal current year, implying an average EPS of $2.2. EPS for the following year is $2.47, with 6.0 analysts recommending between $2.58 and $2.38.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $968.24M. There is a high estimate of $972.4M for the next quarter, whereas the lowest estimate is $965M.
A total of 7 analysts have provided revenue estimates for GEN’s current fiscal year. The highest revenue estimate was $3.93B, while the lowest revenue estimate was $3.89B, resulting in an average revenue estimate of $3.91B. In the same quarter a year ago, actual revenue was $3.81BBased on 6 analysts’ estimates, the company’s revenue will be $4.04B in the next fiscal year. The high estimate is $4.07B and the low estimate is $4.01B.
