Gen Digital Inc (NASDAQ:GEN) shares, rose in value, with the stock price down by -0.39% to the previous day’s close as strong demand from buyers drove the stock to $28.06.
Actively observing the price movement in the last trading, the stock closed the session at $28.17. The PE ratio was 27.23 over 12-month period. Referring to stock’s 52-week performance, its high was $31.72, and the low was $22.74. On the whole, GEN has fluctuated by 9.95% over the past month.
With the market capitalization of Gen Digital Inc currently standing at about $17.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 1.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.73B, with a low estimate of 1.16B and a high estimate of 1.21B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.19B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 2.18, with the price of GEN currently trading nearly 1.18% and 5.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.89, while the 7-day volatility ratio is showing 1.23% which for the 30-day chart, stands at 2.17%. Furthermore, Gen Digital Inc (GEN)’s beta value is 1.00, and its average true range (ATR) is 0.68.
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 -0.39% in last session, and over the past year, it grew by 13.74%%.
Data on historical trading for Gen Digital Inc (NASDAQ:GEN) indicates that the trading volumes over the past 3 months, they’ve averaged 4.64 million. According to company’s latest data on outstanding shares, there are 617.00 million shares outstanding.
Nearly 9.55% of Gen Digital Inc’s shares belong to company insiders and institutional investors own 86.61% of the company’s shares. The stock has risen by 2.48% 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.
