Gen Digital Inc (NASDAQ:GEN) has a beta value of 0.81 and has seen 1.45 million shares traded in the recent trading session. The company, currently valued at $14.28B, closed the recent trade at $22.42 per share which meant it lost -$0.24 on the day or -1.08% during that session. The GEN stock price is -8.7% off its 52-week high price of $24.37 and 31.09% above the 52-week low of $15.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.73 million shares traded. The 3-month trading volume is 4.38 million shares.
Gen Digital Inc (NASDAQ:GEN) trade information
Sporting -1.08% in the red today, the stock has traded in the green over the last five days, when the GEN stock price touched $22.42 or saw a rise of 1.19%. Year-to-date, Gen Digital Inc shares have moved -1.77%, while the 5-day performance has seen it change 1.61%. Over the past 30 days, the shares of Gen Digital Inc (NASDAQ:GEN) have changed 2.45%. Short interest in the company has seen 16.42 million shares shorted with days to cover at 4.51.
Gen Digital Inc (GEN) estimates and forecasts
Figures show that Gen Digital Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 29.42% over the past 6 months, with this year growth rate of 7.73%, compared to 17.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 13.00% and 12.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 14.10%.
4 analysts offering their estimates for the company have set an average revenue estimate of $965.02 million for the current quarter. 4 have an estimated revenue figure of $969.31 million for the next quarter concluding in Jun 2024.
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 4.88% over the past 5 years. Earnings growth for 2024 is a modest 7.73% while over the next 5 years, the company’s earnings are expected to increase by 11.70%.
GEN Dividends
Gen Digital Inc is expected to release its next earnings report between May 09 and May 13 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 2.23%. The company’s dividend yield has gone up over the past 12 months.
Gen Digital Inc (NASDAQ:GEN)’s Major holders
Insiders own 8.86% of the company shares, while shares held by institutions stand at 84.36% with a share float percentage of 92.56%. Investors are also buoyed by the number of investors in a company, with Gen Digital Inc having a total of 855 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 68.43 million shares worth more than $1.27 billion. As of Jun 29, 2023, Vanguard Group Inc held 10.70% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 62.71 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.16 billion and represent 9.81% 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 Jun 29, 2023, the former fund manager holds about 2.65% shares in the company for having 16.93 million shares of worth $314.07 million while later fund manager owns 13.55 million shares of worth $251.3 million as of Jun 29, 2023, which makes it owner of about 2.12% of company’s outstanding stock.
