NortonLifeLock Inc. [NASDAQ: NLOK] stock went on a downward path that fall over -6.68% on Thursday, amounting to a one-week price decrease of less than -5.31%. Over the last 12 months, NLOK stock rose by 80.21%. The one-year NortonLifeLock Inc. stock forecast points to a potential upside of 8.85. The average equity rating for NLOK stock is currently 2.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $11.80 billion, with 600.00 million shares outstanding and 582.88 million shares in the current float. Compared to the average trading volume of 7.41M shares, NLOK stock reached a trading volume of 6360297 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Guru’s Opinion on NortonLifeLock Inc. [NLOK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NLOK shares is $21.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NLOK stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for NortonLifeLock Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 08, 2020. The new note on the price target was released on March 25, 2020, representing the official price target for NortonLifeLock Inc. stock. Previously, the target price had yet another raise to $32, while Barclays analysts kept a Overweight rating on NLOK stock.
The Average True Range (ATR) for NortonLifeLock Inc. is set at 0.98, with the Price to Sales ratio for NLOK stock in the period of the last 12 months amounting to 4.74. The Price to Book ratio for the last quarter was 999.00, with the Price to Cash per share for the same quarter was set at 3.83.
NLOK Stock Performance Analysis:
NortonLifeLock Inc. [NLOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.31. With this latest performance, NLOK shares dropped by -3.94% in over the last four-week period, additionally plugging by 31.59% over the last 6 months – not to mention a rise of 80.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NLOK stock in for the last two-week period is set at 45.34, with the RSI for the last a single of trading hit 40.87, and the three-weeks RSI is set at 46.68 for NortonLifeLock Inc. [NLOK]. The present Moving Average for the last 50 days of trading for this stock 20.44, while it was recorded at 21.11 for the last single week of trading, and 22.49 for the last 200 days.
Insight into NortonLifeLock Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and NortonLifeLock Inc. [NLOK] shares currently have an operating margin of +24.94 and a Gross Margin at +81.04. NortonLifeLock Inc.’s Net Margin is presently recorded at +23.21.
Return on Equity for this stock inclined to 20.11, with Return on Assets sitting at 4.88.
NortonLifeLock Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
NLOK Stock EPS
With the latest financial reports released by the company, NortonLifeLock Inc. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -34.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NLOK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NortonLifeLock Inc. go to 5.00%.
NortonLifeLock Inc. [NLOK] Insider Position Details
There are presently around $11,542 million, or 93.30% of NLOK stock, in the hands of institutional investors. The top three institutional holders of NLOK stocks are: CAPITAL WORLD INVESTORS with ownership of 72,985,464, which is approximately 11.648% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 65,718,248 shares of the stock with an approximate value of $1.41 billion in NLOK stocks shares; and BLACKROCK INC., currently with $967.1 million in NLOK stock with ownership of nearly 8.069% of the company’s market capitalization.
267 institutional holders increased their position in NortonLifeLock Inc. [NASDAQ:NLOK] by around 92,896,437 shares. Additionally, 271 investors decreased positions by around 112,199,963 shares, while 66 investors held positions by with 334,001,434 shares. The mentioned changes placed institutional holdings at 539,097,834 shares, according to the latest SEC report filing. NLOK stock had 102 new institutional investments in for a total of 20,030,818 shares, while 100 institutional investors sold positions of 20,989,184 shares during the same period.