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Wednesday, October 5, 2022

It’s Not Over Yet For NortonLifeLock Inc. (NASDAQ: NLOK)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for NortonLifeLock Inc. (NLOK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.60, or +2.87%, to $21.51. Volume reached 1,605,399 shares, with price reaching a high of $21.19 and a low of $21.19. Most recently, Yahoo Finance reported about the stock as it publicized that NortonLifeLock Completes Merger with Avast.


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Stocks Info

NortonLifeLock Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $21.19 and fluctuated between $21.71 as its day high and $21.17 as its day low. The current market capitalization of NortonLifeLock Inc. is $14.32B. A total of 6.79 million shares were traded on the day, compared to an average of 5.91M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NLOK has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 170,157 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 8 SELLs from insiders. Insiders purchased 3,054,484 shares during that period but sold 142,225.

In the most recent transaction, Vlcek Ondrej bought 456,475 shares of NLOK for 21.91 per share on Sep 15. After the transaction, the President now owns 3,453,198 company shares. In a previous transaction on Jun 15, Feld Peter A bought 500,000 shares at 22.03 per share. NLOK shares that Director owns now total 2,024,896.

Among the insiders who bought shares, Feld Peter A acquired of 600,000 shares on Jun 14 at a per-share price of $22.02. This resulted in the Director holding 9,644,194 shares of NLOK after the transaction. In another insider transaction, Feld Peter A bought 1,400,000 shares at $22.38 per share on Jun 13. Company shares held by the Director now total 9,181,938.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. NortonLifeLock Inc. pays an annual dividend of $0.50, resulting in a dividend yield of 2.36%, and it has a price to earnings (P/E) ratio of 14.73. NLOK’s most recent ex-dividend date was 08/19/2022 when it declared a $0.125 quarterly dividend that was paid in cash on 09/14/2022. Previously, the company paid the dividend on 06/22/2022 with an ex-dividend date of 06/07/2022. The dividend was $0.125 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NLOK in the last 3 months, the mean price target is $26.95 with high estimates of $29.00 and low estimates of $24.80. In terms of 52-week highs and lows, NLOK has a high of $30.92 and a low of $20.76.

As of this writing, NLOK has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.41. The company reported an EPS of $0.42 in the last quarter, which was 5% higher than expectations of $0.4.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NLOK is Overweight with a score of 3.00. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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