Gen Digital Inc (NASDAQ:GEN) shares, rose in value on Wednesday, January 22, with the stock price up by 0.59% to the previous day’s close as strong demand from buyers drove the stock to $27.48.
Actively observing the price movement in the last trading, the stock closed the session at $27.32, falling within a range of $26.9609 and $27.52. The value of beta (5-year monthly) was 1.054 whereas the PE ratio was 28.01 over 12-month period. Referring to stock’s 52-week performance, its high was $31.72, and the low was $19.08. On the whole, GEN has fluctuated by -0.90% over the past month.
With the market capitalization of Gen Digital Inc currently standing at about $16.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 1.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.92B, with a low estimate of 984.29M and a high estimate of 985.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 984.96M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GEN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.83, with the price of GEN currently trading nearly 0.25% and -5.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.80, while the 7-day volatility ratio is showing 1.65% which for the 30-day chart, stands at 1.64%. Furthermore, Gen Digital Inc (GEN)’s beta value is 0.78, and its average true range (ATR) is 0.52.
A comparison of Gen Digital Inc (GEN) with its peers suggests the former has fared considerably weaker in the market. GEN showed an intraday change of 0.59% in last session, and over the past year, it grew by 17.04%%.
Data on historical trading for Gen Digital Inc (NASDAQ:GEN) indicates that the trading volumes over the past 10 days have averaged 2.9 and over the past 3 months, they’ve averaged 3.37 million. According to company’s latest data on outstanding shares, there are 616.00 million shares outstanding.
Nearly 9.43% of Gen Digital Inc’s shares belong to company insiders and institutional investors own 85.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.37 million shares as on 2024-12-31, resulting in a short ratio of 3.12. According to the data, the short interest in Gen Digital Inc (GEN) stood at 240.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 11.05 million. The stock has risen by 0.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GEN stock heading into the next quarter.
