In yesterday’s Wall Street session, Gen Digital Inc (NASDAQ:GEN) shares traded at $24.54, up 2.25% from the previous session.
GEN stock price is now 14.97% away from the 50-day moving average and 18.48% away from the 200-day moving average. The market capitalization of the company currently stands at $15.63B.
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With the price target reduced from $28 to $25, Barclays Downgraded its rating from Overweight to Equal Weight for Gen Digital Inc (NASDAQ: GEN). On November 21, 2023, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $23 to quote $26, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, DERSE NATALIE MARIE, CFO sold 1,221 shares of the company’s stock on Feb 16 ’24. The stock was sold for $26,032 at an average price of $21.32. Upon completion of the transaction, the CFO now directly owns 360,740 shares in the company, valued at $8.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’23, President Vlcek Ondrej bought 300,000 shares of the business’s stock. A total of $4,737,000 was incurred on buying the stock at an average price of $15.79. This leaves the insider owning 4,160,061 shares of the company worth $102.09 million. A total of 9.05% of the company’s stock is owned by insiders.
During the past 12 months, Gen Digital Inc has had a low of $15.45 and a high of $24.37. As of last week, the company has a debt-to-equity ratio of 3.92, a current ratio of 0.51, and a quick ratio of 0.67.
The net profit margin was 16.16% and return on equity was 28.02% for GEN. The company reported revenue of $951.0 million for the quarter, compared to $936.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.6 percent.
