Are Things Looking Up For 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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. The current market capitalization of Gen Digital Inc is $16.87B. A total of 1.54 million shares were traded on the day, compared to an average of 3.07M shares.

In the most recent transaction, Pilette Vincent sold 178,801 shares of GEN for 25.54 per share on Aug 19 ’24. After the transaction, the CEO & President now owns 1,719,658 company shares. In a previous transaction on Aug 19 ’24, Pilette Vincent bought 178,801 shares at 25.22 per share.

Among the insiders who sold shares, Feld Peter A disposed of 750,000 shares on May 14 ’24 at a per-share price of $24.44. This resulted in the Director holding 39,182 shares of GEN after the transaction. In another insider transaction, Feld Peter A sold 342,300 shares at $24.89 per share on May 15 ’24. Company shares held by the Director now total 0.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Gen Digital Inc pays an annual dividend of $0.50, resulting in a dividend yield of 1.82%, and it has a price to earnings (P/E) ratio of 28.74. GEN’s most recent ex-dividend date was 8/19/2024 when it declared a $0.1250 quarterly dividend that was paid in cash on 9/11/2024. Previously, the company paid the dividend on 6/12/2024 with an ex-dividend date of 5/17/2024. The GEN stock dividend was $0.1250 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, GEN has a high of $27.59 and a low of $16.38.

As of this writing, GEN has an earnings estimate of $0.54 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.54. The company reported an EPS of $0.47 in the last quarter

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $3.20, while its Total Shareholder’s Equity was -$93.00M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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