Gen Digital Inc (NASDAQ: GEN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

GEN belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of Gen Digital Inc is $17.95B. A total of 2.33 million shares were traded on the day, compared to an average of 3.17M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Gen Digital Inc pays an annual dividend of $0.50, resulting in a dividend yield of 1.69%, and it has a price to earnings (P/E) ratio of 30.15. GEN’s most recent ex-dividend date was 11/18/2024 when it declared a $0.1250 quarterly dividend that was paid in cash on 12/11/2024. Previously, the company paid the dividend on 9/11/2024 with an ex-dividend date of 8/19/2024. The GEN stock dividend was $0.1250 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, GEN has a high of $30.89 and a low of $19.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $3.41, while its Total Shareholder’s Equity was -$93.00M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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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