Morgan Stanley lifts NortonLifeLock Inc. [NLOK] price estimate. Who else is bullish?

NortonLifeLock Inc. [NASDAQ: NLOK] loss -2.26% or -0.5 points to close at $21.66 with a heavy trading volume of 7732287 shares. The company report on November 7, 2022 that Introducing Gen: The Company to Power Digital Freedom.

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Gen Unites Trusted Brands Including Norton, Avast, LifeLock and Avira.

NortonLifeLock Inc. (NASDAQ: NLOK) today unveiled its new company name, Gen Digital Inc. (TO BE NASDAQ: GEN), following the completed merger of NortonLifeLock and Avast. Gen™ unites trusted names in Cyber Safety – Norton, Avast, LifeLock, Avira, AVG, CCleaner and ReputationDefender – with a single purpose to power Digital Freedom for people everywhere. The newly formed company is designed to further accelerate the company’s innovation and pave the way for the future of digital empowerment.

It opened the trading session at $21.955, the shares rose to $22.19 and dropped to $20.56, the range by which the price of stock traded the whole day. The daily chart for NLOK points out that the company has recorded -11.84% loss over the past six months. However, it is still -7.65% lower than its most recent low trading price.

If we look at the average trading volume of 5.31M shares, NLOK reached to a volume of 7732287 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 $25.94 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 2.40. 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.

Morgan Stanley have made an estimate for NortonLifeLock Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on March 29, 2022. The new note on the price target was released on May 12, 2021, representing the official price target for NortonLifeLock Inc. stock. Previously, the target price had yet another raise to $19, while BofA Securities analysts kept a Underperform rating on NLOK stock.

The Average True Range (ATR) for NortonLifeLock Inc. is set at 0.61, with the Price to Sales ratio for NLOK stock in the period of the last 12 months amounting to 5.02. Price to Free Cash Flow for NLOK in the course of the last twelve months was 22.67 with Quick ratio for the last quarter at 0.60.

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 -3.86. With this latest performance, NLOK shares gained by 4.74% in over the last four-week period, additionally sinking by -11.84% over the last 6 months – not to mention a drop of -12.56% 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 48.32, with the RSI for the last a single of trading hit 46.01, and the three-weeks RSI is set at 48.45 for NortonLifeLock Inc. [NLOK]. The present Moving Average for the last 50 days of trading for this stock 21.63, while it was recorded at 22.15 for the last single week of trading, and 24.49 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 +37.05 and a Gross Margin at +82.37. NortonLifeLock Inc.’s Net Margin is presently recorded at +29.90.

NortonLifeLock Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

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

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 10.50%.

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

There are presently around $11,889 million, or 85.00% of NLOK stock, in the hands of institutional investors. The top three institutional holders of NLOK stocks are: VANGUARD GROUP INC with ownership of 66,417,772, which is approximately 1.689% of the company’s market cap and around 8.30% of the total institutional ownership; BLACKROCK INC., holding 54,584,348 shares of the stock with an approximate value of $1.18 billion in NLOK stocks shares; and STATE STREET CORP, currently with $560.06 million in NLOK stock with ownership of nearly -4.718% of the company’s market capitalization.

Positions in NortonLifeLock Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 294 institutional holders increased their position in NortonLifeLock Inc. [NASDAQ:NLOK] by around 64,296,924 shares. Additionally, 269 investors decreased positions by around 89,888,014 shares, while 72 investors held positions by with 394,708,315 shares. The mentioned changes placed institutional holdings at 548,893,253 shares, according to the latest SEC report filing. NLOK stock had 65 new institutional investments in for a total of 15,655,634 shares, while 63 institutional investors sold positions of 3,574,764 shares during the same period.


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