Gen Digital Inc. [GEN] is -8.96% lower this YTD. Is it still time to buy?

Gen Digital Inc. [NASDAQ: GEN] loss -2.40% or -0.48 points to close at $19.51 with a heavy trading volume of 6395279 shares. The company report on February 23, 2023 that LifeLock Offers Up to $3 Million in Identity Theft Coverage and Expanded Social Media Monitoring and Lock and Freeze Center Features.

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It opened the trading session at $19.95, the shares rose to $19.98 and dropped to $19.41, the range by which the price of stock traded the whole day. The daily chart for GEN points out that the company has recorded -14.05% loss over the past six months. However, it is still 2.01% lower than its most recent low trading price.

If we look at the average trading volume of 3.53M shares, GEN reached to a volume of 6395279 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 Gen Digital Inc. [GEN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GEN shares is $25.98 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GEN 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.

The Average True Range (ATR) for Gen Digital Inc. is set at 0.55, with the Price to Sales ratio for GEN stock in the period of the last 12 months amounting to 4.10. The Price to Book ratio for the last quarter was 9.66, with the Price to Cash per share for the same quarter was set at 1.24. Price to Free Cash Flow for GEN in the course of the last twelve months was 28.60 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for GEN stock

Gen Digital Inc. [GEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.93. With this latest performance, GEN shares dropped by -14.58% in over the last four-week period, additionally sinking by -14.05% over the last 6 months – not to mention a drop of -31.42% 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 GEN stock in for the last two-week period is set at 27.10, with the RSI for the last a single of trading hit 19.22, and the three-weeks RSI is set at 32.45 for Gen Digital Inc. [GEN]. The present Moving Average for the last 50 days of trading for this stock 21.67, while it was recorded at 20.17 for the last single week of trading, and 22.59 for the last 200 days.

Gen Digital Inc. [GEN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Gen Digital Inc. [GEN] shares currently have an operating margin of +37.05 and a Gross Margin at +82.37. Gen Digital Inc.’s Net Margin is presently recorded at +29.90.

Gen Digital Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

Gen Digital Inc. [GEN]: 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 GEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gen Digital Inc. go to 13.40%.

An analysis of insider ownership at Gen Digital Inc. [GEN]

There are presently around $10,311 million, or 85.70% of GEN stock, in the hands of institutional investors. The top three institutional holders of GEN stocks are: VANGUARD GROUP INC with ownership of 68,698,555, which is approximately 1.522% of the company’s market cap and around 8.30% of the total institutional ownership; BLACKROCK INC., holding 61,558,877 shares of the stock with an approximate value of $1.2 billion in GEN stocks shares; and STATE STREET CORP, currently with $509.22 million in GEN stock with ownership of nearly 0.977% of the company’s market capitalization.

Positions in Gen Digital Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 248 institutional holders increased their position in Gen Digital Inc. [NASDAQ:GEN] by around 35,068,078 shares. Additionally, 290 investors decreased positions by around 48,437,647 shares, while 86 investors held positions by with 445,016,105 shares. The mentioned changes placed institutional holdings at 528,521,830 shares, according to the latest SEC report filing. GEN stock had 65 new institutional investments in for a total of 3,134,498 shares, while 72 institutional investors sold positions of 4,892,384 shares during the same period.


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