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Wednesday, December 6, 2023

The Question Is Whether To Buy Or Not To Buy Gen Digital Inc (NASDAQ: GEN)

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 Gen Digital Inc (GEN) shows that investor sentiment remained same, with the stock’s consolidated last price to $18.90. The Gen Digital Inc has recorded 294,376 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Gen Reports Q2 FY24 Results and Confirms Annual Guidance Within Range.

Stocks Info

Gen Digital 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 $18.90 and fluctuated between $19.23 as its day high and $18.79 as its day low. The current market capitalization of Gen Digital Inc is $12.11B. A total of 3.41 million shares were traded on the day, compared to an average of 3.52M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GEN has seen 14 BUY and 4 SELL insider trades, representing the acquisition of 139,123 and the disposition of 333,421 shares. Over the last 12 months, there were 22 BUYs and 16 SELLs from insiders. Insiders purchased 1,727,953 shares during that period but sold 1,117,241.

In the most recent transaction, Vlcek Ondrej bought 300,000 shares of GEN for 15.79 per share on May 17. After the transaction, the President now owns 4,160,061 company shares. In a previous transaction on Feb 16, DERSE NATALIE MARIE sold 1,033 shares at 21.10 per share. GEN shares that CFO owns now total 235,863.


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. Gen Digital Inc pays an annual dividend of $0.50, resulting in a dividend yield of 2.65%, and it has a price to earnings (P/E) ratio of 8.59. GEN’s most recent ex-dividend date was 11/17/2023 when it declared a $0.1250 quarterly dividend that was paid in cash on 12/13/2023. Previously, the company paid the dividend on 9/13/2023 with an ex-dividend date of 8/18/2023. The GEN stock dividend was $0.1250 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 GEN in the last 3 months, the mean price target is $24.75 with high estimates of $27.00 and low estimates of $22.00. In terms of 52-week highs and lows, GEN has a high of $23.92 and a low of $15.45.

As of this writing, GEN has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.49. The company reported an EPS of $0.47 in the last quarter, which was 2.20% higher than expectations of $0.46.

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. GEN’s latest balance sheet shows that the firm has $1.89B in Cash & Short Term Investments as of fiscal 2022. There were $3.83B in debt and $3.06B in liabilities at the time. Its Book Value Per Share was $3.77, while its Total Shareholder’s Equity was -$93.00M.

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, 0 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 GEN is Buy with a score of 4.00.

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