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An In-Depth Look At NortonLifeLock Inc. (NLOK)

NortonLifeLock Inc. (NASDAQ:NLOK) has a beta value of 0.67 and has seen 5.51 million shares traded in the last trading session. The company, currently valued at $14.13B, closed the last trade at $20.91 per share which meant it lost -$0.41 on the day or -1.92% during that session. The NLOK stock price is -47.87% off its 52-week high price of $30.92 and 0.1% above the 52-week low of $20.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.87 million shares traded. The 3-month trading volume is 5.91 million shares.

NortonLifeLock Inc. (NASDAQ:NLOK) trade information

Sporting -1.92% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the NLOK stock price touched $20.91 or saw a rise of 5.26%. Year-to-date, NortonLifeLock Inc. shares have moved -19.52%, while the 5-day performance has seen it change -3.73%. Over the past 30 days, the shares of NortonLifeLock Inc. (NASDAQ:NLOK) have changed -11.17%. Short interest in the company has seen 23.32 million shares shorted with days to cover at 3.77.

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Wall Street analysts have a consensus price target for the stock at $26.95, which means that the shares’ value could jump 22.41% from current levels. The projected low price target is $24.80 while the price target rests at a high of $29.00. In that case, then, we find that the current price level is -38.69% off the targeted high while a plunge would see the stock gain -18.6% from current levels.

NortonLifeLock Inc. (NLOK) estimates and forecasts

Figures show that NortonLifeLock Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -23.13% over the past 6 months, with this year growth rate of 2.86%, compared to -0.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 2.40% and 2.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.50%.

2 analysts offering their estimates for the company have set an average revenue estimate of $710 million for the current quarter. 2 have an estimated revenue figure of $720.65 million for the next quarter concluding in Sep 2022. Year-ago sales stood $685.38 million and $695 million respectively for this quarter and the next, and analysts expect sales will grow by 3.60% for the current quarter and 3.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 41.70% over the past 5 years. Earnings growth for 2022 is a modest 21.90% while over the next 5 years, the company’s earnings are expected to increase by 8.10%.

NLOK Dividends

NortonLifeLock Inc. is expected to release its next earnings report between February 02 and February 07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.50 at a share yield of 2.39%. The company’s dividend yield has gone up over the past 12 months.

NortonLifeLock Inc. (NASDAQ:NLOK)’s Major holders

Insiders own 0.45% of the company shares, while shares held by institutions stand at 95.48% with a share float percentage of 95.91%. Investors are also buoyed by the number of investors in a company, with NortonLifeLock Inc. having a total of 930 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 65.31 million shares worth more than $1.73 billion. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 11.26% of shares outstanding.

The other major institutional holder is Capital World Investors, with the holding of over 53.18 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $1.41 billion and represent 9.17% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Mar 30, 2022, the former fund manager holds about 2.76% shares in the company for having 15.99 million shares of worth $424.05 million while later fund manager owns 12.73 million shares of worth $337.62 million as of Mar 30, 2022, which makes it owner of about 2.19% of company’s outstanding stock.

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