Gen Digital Inc (GEN) Stock Down -0.19%: Is It a Good Investment?

Gen Digital Inc [GEN] stock is trading at $30.84, down -0.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GEN shares have gain 4.76% over the last week, with a monthly amount glided 13.76%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Gen Digital Inc [NASDAQ: GEN] stock has seen the most recent analyst activity on October 24, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $35. Previously, Morgan Stanley downgraded its rating to Equal-Weight on June 07, 2024, and dropped its price target to $27. On April 11, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $25 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $26 on November 21, 2023. BofA Securities initiated its recommendation with a Buy and recommended $25 as its price target on November 16, 2023. Evercore ISI started tracking with a Outperform rating for this stock on May 19, 2023, and assigned it a price target of $27.

Gen Digital Inc [GEN] stock has fluctuated between $19.08 and $30.94 over the past year. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Gen Digital Inc [NASDAQ: GEN] shares were valued at $30.84 at the most recent close of the market. An investor can expect a potential drop of -12.45% based on the average GEN price forecast.

Analyzing the GEN fundamentals

Gen Digital Inc [NASDAQ:GEN] reported sales of 3.86B for the trailing twelve months, which represents a growth of 2.74%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.29 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.06.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.58 points at the first support level, and at 30.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.12, and for the 2nd resistance point, it is at 31.39.

Ratios To Look Out For

For context, Gen Digital Inc’s Current Ratio is 0.32. As well, the Quick Ratio is 0.32, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 9.06 and price to earnings (TTM) ratio is 31.43.

Transactions by insiders

Recent insider trading involved BRYAN S KO, Officer, that happened on Nov 26 ’24 when 48290.0 shares were purchased. CEO & President, Pilette Vincent completed a deal on Aug 19 ’24 to sell 0.18 million shares. Meanwhile, Officer Pilette Vincent bought 0.18 million shares on Aug 19 ’24.

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