NortonLifeLock Inc. [NLOK] gain 44.26% so far this year. What now?

NortonLifeLock Inc. [NASDAQ: NLOK] gained 1.36% or 0.28 points to close at $21.27 with a heavy trading volume of 4438354 shares. The company report on October 9, 2020 that NortonLifeLock to Announce Fiscal 2021 Second Quarter Results on November 5, 2020.

NortonLifeLock (NASDAQ: NLOK), the global leader in consumer Cyber Safety, today announced that its fiscal 2021 second quarter financial results will be released Thursday, November 5, 2020, after market close. Following the press release, NortonLifeLock management will host a conference call and webcast at 2 p.m. PST / 5 p.m. EST.

Fiscal 2021 Q2 Earnings CallNovember 5, 20202 p.m. PST / 5 p.m. ESTDial in:Domestic: (866) 538-3137 | International: (929) 517-9556Conference ID: 2059444Live webcast: (replay will be posted after the conference call).

It opened the trading session at $21.31, the shares rose to $21.44 and dropped to $21.06, the range by which the price of stock traded the whole day. The daily chart for NLOK points out that the company has recorded 11.54% gains over the past six months. However, it is still -62.86% lower than its most recent low trading price.

If we look at the average trading volume of 5.80M shares, NLOK reached to a volume of 4438354 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $24.64 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 2.50. 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.

Argus have made an estimate for NortonLifeLock Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 21, 2020. The new note on the price target was released on June 08, 2020, representing the official price target for NortonLifeLock Inc. stock. Previously, the target price had yet another raise to $23, while Morgan Stanley analysts kept a Overweight rating on NLOK stock.

The Average True Range (ATR) for NortonLifeLock Inc. is set at 0.63, with the Price to Sales ratio for NLOK stock in the period of the last 12 months amounting to 5.10.

Trading performance analysis for NLOK stock

NortonLifeLock Inc. [NLOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.16. With this latest performance, NLOK shares gained by 0.66% in over the last four-week period, additionally plugging by 11.54% over the last 6 months – not to mention a rise of 56.26% 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 48.87, with the RSI for the last a single of trading hit 53.10, and the three-weeks RSI is set at 48.52 for NortonLifeLock Inc. [NLOK]. The present Moving Average for the last 50 days of trading for this stock 22.09, while it was recorded at 21.07 for the last single week of trading, and 21.27 for the last 200 days.

NortonLifeLock Inc. [NLOK]: A deeper dive into fundamental analysis

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 Total Capital for NLOK is now 8.55, given the latest momentum, and Return on Invested Capital for the company is 8.73. Return on Equity for this stock inclined to 20.11, with Return on Assets sitting at 4.88. When it comes to the capital structure of this company, NortonLifeLock Inc. [NLOK] has a Total Debt to Total Equity ratio set at 43,220.00. Additionally, NLOK Total Debt to Total Capital is recorded at 99.77, with Total Debt to Total Assets ending up at 55.88. Long-Term Debt to Equity for the company is recorded at 35,380.00, with the Long-Term Debt to Total Capital now at 81.67.

Reflecting on the efficiency of the workforce at the company, NortonLifeLock Inc. [NLOK] managed to generate an average of $160,556 per employee. Receivables Turnover for the company is 5.49 with a Total Asset Turnover recorded at a value of 0.21.NortonLifeLock Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

NortonLifeLock Inc. [NLOK]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, NortonLifeLock Inc. posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -56.10%. 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%.

An analysis of insider ownership at NortonLifeLock Inc. [NLOK]

There are presently around $11,589 million, or 92.00% of NLOK stock, in the hands of institutional investors. The top three institutional holders of NLOK stocks are: CAPITAL WORLD INVESTORS with ownership of 73,543,791, which is approximately 0.765% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 62,195,944 shares of the stock with an approximate value of $1.32 billion in NLOK stocks shares; and BLACKROCK INC., currently with $1.02 billion in NLOK stock with ownership of nearly 6.545% of the company’s market capitalization.

Positions in NortonLifeLock Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 265 institutional holders increased their position in NortonLifeLock Inc. [NASDAQ:NLOK] by around 76,176,776 shares. Additionally, 238 investors decreased positions by around 67,154,876 shares, while 63 investors held positions by with 401,513,786 shares. The mentioned changes placed institutional holdings at 544,845,438 shares, according to the latest SEC report filing. NLOK stock had 76 new institutional investments in for a total of 9,451,267 shares, while 60 institutional investors sold positions of 8,063,621 shares during the same period.

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