The stock of Gen Digital Inc (NASDAQ:GEN) last traded at $25.03, down -1.50% from the previous session.
GEN stock price is now 16.11% away from the 50-day moving average and 20.36% away from the 200-day moving average. The market capitalization of the company currently stands at $15.94B.
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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, Feld Peter A, Director sold 342,300 shares of the company’s stock on May 15 ’24. The stock was sold for $8,519,436 at an average price of $24.89. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Director Feld Peter A sold 750,000 shares of the business’s stock. A total of $18,326,925 was realized by selling the stock at an average price of $24.44. This leaves the insider owning 39,182 shares of the company worth $0.98 million. A total of 9.11% of the company’s stock is owned by insiders.
During the past 12 months, Gen Digital Inc has had a low of $15.51 and a high of $25.47. As of last week, the company has a debt-to-equity ratio of 3.94, a current ratio of 0.51, and a quick ratio of 0.51.
The net profit margin was 16.16% and return on equity was 28.02% for GEN. The company reported revenue of $967.0 million for the quarter, compared to $947.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.11 percent.
