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After finishing at $25.29 in the prior trading day, Gen Digital Inc (NASDAQ: GEN) closed at $25.20, down -0.36%. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 3.74 million shares were traded. GEN stock price reached its highest trading level at $25.53 during the session, while it also had its lowest trading level at $25.14.
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 18.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.72. 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:
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 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 15778879488 and an Enterprise Value of 23587876864. As of this moment, Gen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.28, and their Forward P/E ratio for the next fiscal year is 10.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.14 while its Price-to-Book (P/B) ratio in mrq is 7.15. Its current Enterprise Value per Revenue stands at 6.188 whereas that against EBITDA is 13.274.
Stock Price History:
The Beta on a monthly basis for GEN is 0.75, which has changed by 0.29230773 over the last 52 weeks, in comparison to a change of 0.19608545 over the same period for the S&P500. Over the past 52 weeks, GEN has reached a high of $25.92, while it has fallen to a 52-week low of $16.38. The 50-Day Moving Average of the stock is 1.86%, while the 200-Day Moving Average is calculated to be 14.78%.
Shares Statistics:
The stock has traded on average 5.35M shares per day over the past 3-months and 2812640 shares per day over the last 10 days, according to various share statistics. 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 85.29% stake in the company. Shares short for GEN as of 1719532800 were 22383968 with a Short Ratio of 4.18, compared to 1717113600 on 18440626. Therefore, it implies a Short% of Shares Outstanding of 22383968 and a Short% of Float of 4.63.
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 0.01977066The 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.
