Shares of Symantec Corporation (NASDAQ:SYMC) recorded -0.45% loss during trading session on April 16th, 2019. The script traded as low as $24.13 and last traded at $24.30. 5 million shares changed exchanged hands during trading, an increase of 2.57% from the 30-day average session volume of 5.13M shares. The firm had previously closed at $24.41. The company has $640.61M outstanding shares, a price-to-earnings ratio of 197.56, price-to-earnings-growth ratio of 3.28and a beta of 1.11. The company has a RSI of 62.93, ATR of 0.50 and a volatility of 1.69% this week. SYMC has a 52 week low price of $17.42 and a 52 week high price of $29.20.
Investors have identified the tech company Symantec Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 15.57B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Symantec Corporation (SYMC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SYMC, the company has in raw cash 2.31 billion on their books with 201 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
SYMC were able to record 795 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 535 million. In cash movements, the company had a total of 948 million as operating cash flow.
Potential earnings growth for Symantec Corporation (SYMC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Symantec Corporation recorded a total of 1.21 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.00% coming in sequential stages and their sales for the third quarter increasing by 0.03%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 266 million trying to sell their products during the last quarter, with the result yielding a gross income of 945 million. This allows shareholders to hold on to 640.61M with the revenue now reading 100 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.35 cents a share).
Is the stock of SYMC attractive?
Having a look at the company’s valuation, the company is expected to record 1.46 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SYMC sounds very interesting.
In related news, President and CEO Clark Gregory S. sold 61,170 shares of the company’s stock in a transaction that recorded on April 12th, 2019. The sale was performed at an average price of 24.00, for a total value of 1,468,251. As the sale deal closes, the President and CEO Clark Gregory S. now sold 636,209 shares of the company’s stock, valued at 15,071,091. Also, Director Vautrinot Suzanne M sold 18,000 shares of the company’s stock in a deal that was recorded on April 8th, 2019. The shares were sold at an average price of 24.01 per share, with a total market value of 18,145. Following this completion of acquisition, the EVP & Chief Financial Officer now holds 332,155 shares of the company’s stock, valued at 7,473,488. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
0 out of 28 analysts covering the stock have rated it a Buy, while 23 have maintained a Hold recommendation on Symantec Corporation stock. 0 analysts has assigned a Sell rating on the SYMC stock. The 12-month mean consensus price target for the company’s shares has been set at $23.41.