The price of Gen Digital Inc (NASDAQ:GEN) shares last traded on Wall Street rose 1.48% to $29.55.
GEN stock price is now 8.87% away from the 50-day moving average and 22.01% away from the 200-day moving average. The market capitalization of the company currently stands at $18.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $35, Wells Fargo recently initiated with Overweight rating for Gen Digital Inc (NASDAQ: GEN). On June 07, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $28 to quote $27, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Pilette Vincent, CEO & President sold 178,801 shares of the company’s stock on Aug 19 ’24. The stock was sold for $4,565,862 at an average price of $25.54. Upon completion of the transaction, the CEO & President now directly owns 1,719,658 shares in the company, valued at $50.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Officer Pilette Vincent bought 178,801 shares of the business’s stock. A total of $4,510,185 was incurred on buying the stock at an average price of $25.22. A total of 9.44% of the company’s stock is owned by insiders.
During the past 12 months, Gen Digital Inc has had a low of $18.08 and a high of $30.03. As of last week, the company has a debt-to-equity ratio of 4.09, a current ratio of 0.32, and a quick ratio of 0.32. According to the stock market information, the enterprise value for the company is $26059855872, which is based on a 30.12 price-to-earnings ratio, a 3.69 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for GEN is $27.0764 and a two-hundred day moving average price translates $24.1883 for the stock.
The latest earnings results from Gen Digital Inc (NASDAQ: GEN) was released for 2024-09-27. The net profit margin was 16.07% and return on equity was 27.48% for GEN. The company reported revenue of $974.0 million for the quarter, compared to $945.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.07 percent.
