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NortonLifeLock Inc.’s Stock Price Relatively Up Recently, But Trouble Is Still Brewing

NortonLifeLock Inc. (NASDAQ:NLOK) traded at $21.52 at close of the session on Wednesday, September 21, made an upward move of 2.92% on its previous day’s price.

Looking at the stock we see that its previous close was $20.91 and the beta (5Y monthly) reads 0.95 with the day’s price range being $20.76 – $21.31. The company has a trailing 12-month PE ratio of 14.53. In terms of its 52-week price range, NLOK has a high of $30.92 and a low of $20.76. The company’s stock has lost about -11.17% over that past 30 days.

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NortonLifeLock Inc. has a market cap of $14.13 billion and is expected to release its quarterly earnings report on Feb 02, 2022 – Feb 07, 2022. With its Forward Dividend at 0.50 and a yield of 2.39%, the company’s investors could be anxious for the NLOK stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.43, with the EPS growth for the year raised at $1.81 for 2023 and $1.96 for next year. These figures represent 3.40% and 8.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $710 million, with a low of $710 million and a high of $710 million. The median projection represents growth squeezing down to 3.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $2.92 billion, or 4.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NLOK stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note that the PEG ratio for the NLOK stock currently stands at 1.79, and the current price level is -3.94% off its SMA20 and -8.68% from its 50-day simple moving average. The RSI (14) is pointing at 39.29 while the volatility over the past week is 2.78% and jumps to 2.63% over the past one month. The beta value is 0.67, while the average true range (ATR) is currently pointing at 0.58.

Let’s briefly compare NortonLifeLock Inc. (NLOK) stock to its peers. We find that current price change of 2.92% and -17.12% over the past 12 months for NLOK competes that of Microsoft Corporation (MSFT), which has seen its stock price rise 0.53% in the last trading session and was -17.62% over the last one year. Another of its peers Fortinet Inc. (FTNT) has gained 0.14% previous session, and was -14.55% down over the past year. NortonLifeLock Inc. has a P/E ratio of 14.53 compared to Microsoft Corporation’s 25.14 and Fortinet Inc.’s 62.29. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.57% and 0.58%, respectively, at close of the trading.

Coming back to NortonLifeLock Inc. (NASDAQ:NLOK), we note that the average 3-month trading volume was 5.91 million, while that of the preceding 10-day period stands at 8.87 million. Current shares outstanding are 665.57 million.

The insiders hold 0.30% of the company’s shares while institutions hold 86.60%. The data shows that short shares as of Jul 14, 2022, stood at 23.32 million at a short ratio of 3.77. This represents a 4.02% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 21.64 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -19.52% down in year-to-date price movement.

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