Investors Are Waking Up To Gen Digital Inc (NASDAQ: GEN) After Rising 58.77% Over The Past 12 Months

Gen Digital Inc (NASDAQ:GEN) currently has a daily average trading volume of 3.04M but it saw 2055220 shares traded in last market. With a market cap of 16.50B USD, the company’s current market price of $26.80 came falling about -1.14 while comparing to the previous closing price of $27.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.45 and as low as $16.38. In the recent trading on the day, stock has struck highest price mark of $26.78 while lowest mark touched by it was $27.1.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which downgraded the stock as “Equal-Weight” in its note to investors issued on June 07, 2024, recommending a price target of between $28 and $27 for it. Barclays downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on April 11, 2024 while assigning a price target range of $28-$25. Morgan Stanley issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $23 and $26.

Over the week, GEN’s stock price is moving -4.86% down while it is -1.47% when we observe its performance for the past one month. Year-to-date it is 17.44% up and over the past year, the stock is showing an upside performance of 58.77%.

Currently, Gen Digital Inc’s total number of outstanding shares is 623.00M. Company’s return on investment (ROI) stands at 6.61% and return on equity (ROE) at 28.23%. It has a price to earnings ratio (P/E ratio) of 28.10 while having a 10.92 of forward P/E ratio. Stock’s beta reads 0.77. Stock has a price to book (P/B) ratio of 8.37 while price to sale or P/S ratio amounts to 4.31. Its return on asset (ROA) is 3.90% on average.