What Are The Chances Of Gen Digital Inc (NASDAQ: GEN) Becoming A Clear Buy?

After Hours

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.

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Stocks Info

As a NASDAQ listed company, GEN falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of Gen Digital Inc is $16.56B. A total of 3.18 million shares were traded on the day, compared to an average of 2.98M 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Gen Digital Inc pays an annual dividend of $0.50, resulting in a dividend yield of 1.86%, and it has a price to earnings (P/E) ratio of 28.22. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, GEN has a high of $28.45 and a low of $16.44.

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 6.0 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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 4.14.

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