The stock of Gen Digital Inc (NASDAQ:GEN) last traded at $28.48, up 1.71% from the previous session.
GEN stock price is now 7.40% away from the 50-day moving average and 3.92% away from the 200-day moving average. The market capitalization of the company currently stands at $17.66B.
On December 04, 2024, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $36, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Starboard Value LP, Affiliate of former Director P bought 686,099 shares of the company’s stock on May 30 ’25. The stock was bought for $19,210,772 at an average price of $28.00. An SEC document containing details of the transaction can be found on the SEC’s website. On May 27 ’25, Affiliate of former Director P Starboard Value LP bought 3,000,000 shares of the business’s stock. A total of $84,036,000 was incurred on buying the stock at an average price of $28.01. A total of 9.55% of the company’s stock is owned by insiders.
During the past 12 months, Gen Digital Inc has had a low of $22.74 and a high of $31.72. As of last week, the company has a debt-to-equity ratio of 3.66, a current ratio of 0.51, and a quick ratio of 0.51.
The net profit margin was 16.34% and return on equity was 28.80% for GEN. The company reported revenue of $1.01 billion for the quarter, compared to $964.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.77 percent.
