Alert: Positive Investment/Fundamental Signals (11/30/23)-Gen Digital Inc (NASDAQ: GEN)


Recent extremely meaningful positive changes in investment behavior have benefitted Gen Digital Inc (NASDAQ: GEN): positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.

Limited positive changes in fundamentals have recently occurred for Gen Digital Inc (NASDAQ: GEN). Positive developments: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70. Negative development: the consensus estimate for March, 2024 decreased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

GEN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Gen Digital has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Gen Digital has a slightly positive Appreciation Score of 62 and a good Power Rating of 78, producing the Positive Value Trend Rating.

Recent Price Action

On 11/30/23, Gen Digital Inc (NASDAQ: GEN) stock increased 1.4%, closing at $22.08. Moreover, trading volume in this advance was exceptionally high at 397% of normal. The stock has risen 4.8% during the last week and has been exceptionally strong relative to the market over the last nine months.

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