During the last session, Gen Digital Inc (NASDAQ:GEN)’s traded shares were 8.76 million, with the beta value of the company hitting 0.99. At the end of the trading day, the stock’s price was $27.84, reflecting an intraday gain of 8.24% or $2.12. The 52-week high for the GEN share is $31.72, that puts it down -13.94 from that peak though still a striking 29.38% gain since the share price plummeted to a 52-week low of $19.66. The company’s market capitalization is $17.16B, and the average trade volume was 4.05 million shares over the past three months.
Gen Digital Inc (GEN) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.09. GEN has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.59.
Gen Digital Inc (NASDAQ:GEN) trade information
Gen Digital Inc (GEN) registered a 8.24% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.24% in intraday trading to $27.84, hitting a weekly high. The stock’s 5-day price performance is 7.61%, and it has moved by 17.42% in 30 days. Based on these gigs, the overall price performance for the year is 38.99%.
The consensus price target of analysts on Wall Street is $27, which implies a decrease of -3.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $29 respectively. As a result, GEN is trading at a discount of -4.17% off the target high and 10.2% off the low.
Gen Digital Inc (GEN) estimates and forecasts
In the rating firms’ projections, revenue will increase 13.11% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.18B as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 1.17B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 965M and 974M respectively. In this case, analysts expect current quarter sales to grow by 22.73% and then jump by 20.36% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.87%. While earnings are projected to return 11.29% in 2025, the next five years will return 13.01% per annum.
GEN Dividends
Gen Digital Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Gen Digital Inc is 0.50, with the dividend yield indicating at 1.80 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 53.89 million shares, is of BLACKROCK INC.’s that is approximately 8.6786% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.35 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Gen Digital Inc (GEN) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Pacer Funds Trust-Pacer US Cash Cows 100 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 16.44 shares. This amounts to just over 2.67 percent of the company’s overall shares, with a $457.75 million market value. The same data shows that the other fund manager holds slightly less at 15.88, or about 2.58% of the stock, which is worth about $442.19 million.
