The stock of Gen Digital Inc (NASDAQ:GEN) last traded at $20.99, down -6.04% from the previous session.
GEN stock price is now -3.83% away from the 50-day moving average and 2.40% away from the 200-day moving average. The market capitalization of the company currently stands at $13.37B.
With the price target reduced from $28 to $25, Barclays Downgraded its rating from Overweight to Equal Weight for Gen Digital Inc (NASDAQ: GEN). On November 21, 2023, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $23 to quote $26, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, DERSE NATALIE MARIE, CFO sold 1,221 shares of the company’s stock on Feb 16 ’24. The stock was sold for $26,032 at an average price of $21.32. Upon completion of the transaction, the CFO now directly owns 360,740 shares in the company, valued at $7.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’23, President Vlcek Ondrej bought 300,000 shares of the business’s stock. A total of $4,737,000 was incurred on buying the stock at an average price of $15.79. This leaves the insider owning 4,160,061 shares of the company worth $87.32 million. A total of 9.08% of the company’s stock is owned by insiders.
During the past 12 months, Gen Digital Inc has had a low of $15.45 and a high of $24.37. As of last week, the company has a debt-to-equity ratio of 3.85, a current ratio of 0.67, and a quick ratio of 0.67. According to the stock market information, the enterprise value for the company is $22.18B, which is based on a 9.68 price-to-earnings ratio, a 0.83 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for GEN is $21.77 and a two-hundred day moving average price translates $20.51 for the stock.
The latest earnings results from Gen Digital Inc (NASDAQ: GEN) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.49, missing analysts’ expectations of $0.5 by -0.01. This compares to $0.25 EPS in the same period last year. The net profit margin was 36.84% and return on equity was 74.95% for GEN. The company reported revenue of $951.0 million for the quarter, compared to $936.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.6 percent. For the current quarter, analysts expect GEN to generate $965.02M in revenue.
