In yesterday’s Wall Street session, Gen Digital Inc (NASDAQ:GEN) shares traded at $26.25, up 0.88% from the previous session.
GEN stock price is now 3.41% away from the 50-day moving average and 12.90% away from the 200-day moving average. The market capitalization of the company currently stands at $16.16B.
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With the price target reduced from $28 to $27, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Gen Digital Inc (NASDAQ: GEN). On April 11, 2024, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $28 to quote $25, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Pilette Vincent, CEO & President sold 178,801 shares of the company’s stock on Aug 19 ’24. The stock was sold for $4,565,862 at an average price of $25.54. Upon completion of the transaction, the CEO & President now directly owns 1,719,658 shares in the company, valued at $45.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Officer Pilette Vincent bought 178,801 shares of the business’s stock. A total of $4,510,185 was incurred on buying the stock at an average price of $25.22. A total of 9.43% of the company’s stock is owned by insiders.
During the past 12 months, Gen Digital Inc has had a low of $16.38 and a high of $26.76. As of last week, the company has a debt-to-equity ratio of 4.35, a current ratio of 0.30, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $23947960320, which is based on a 27.52 price-to-earnings ratio, a 2.40 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for GEN is $25.411 and a two-hundred day moving average price translates $23.2758 for the stock.
The latest earnings results from Gen Digital Inc (NASDAQ: GEN) was released for 2024-06-28. The net profit margin was 15.87% and return on equity was 28.23% for GEN. The company reported revenue of $965.0 million for the quarter, compared to $943.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.33 percent.