The Symantec Corporation (NASDAQ:SYMC) is going down by -1.10% in today’s trading session, a fall equivalent to -0.22% of the stock’s price from yesterday’s market close. A news came out on 08/01/19 stating that Symantec Presents on DEF CON 27 Main Stage and Hosts Live-Hacking Demo at Black Hat USA 2019 by WSJ. The lowest point that the shares touched during the trading session was $20.095, while the peak of the day was recorded at a share price of $20.67. SYMC finished the previous session at $20.46 according to the data provided by Barchart, while the trading volume was observed to be $2,161,832.
In the 100 days of trading, SYMC managed to top a 22.04% Moving average. Additionally, Symantec Corporation shares have achieved a 52-week range between 17.42 and 26.07 alongside 100 days raw stochastic set at 31.51%.
The number of shares outstanding, according to the fundamentals of the company, is set at 628.92M, equal to the value of $12.87B in market capitalization. Financial analysts indicate that SYMC shares should be still ranked as a “Hold”. In the last 30 days, Symantec Corporation shares went down by -22.52%, adding 26.07 to growth in value, on top of a +0.95% boost since 07/05/19.
Symantec Corporation (NASDAQ:SYMC) Analyst’s Estimates
Symantec Corporation (SYMC) could record at least $0.33 per share in quarterly earnings in the upcoming report on 08/08/2019, a number that would actually represent an increase of 8.21% YOY.
According to the average analyst rating, Symantec Corporation would be rated as 3.07. Out of 28 different analysts monitoring SYMC stock, 0 analysts rate the stock as a BUY, 22 suggest to give the rating of HOLD, 2 indicate that SYMC is an OUTPERFORM, 0 rated the stock as a SELL, and 4 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-10-19, the stock earned a Initiated rating due to a new analyst call from Monness Crespi & Hardt, while analysts from Mizuho believe that the stock is set at Buy from Neutral, as concluded on Jun-17-19. Morgan Stanley, is still rather wary about the stock, deciding to keep the rating at Underweight as confirmed through a call on Jun-11-19.
Regardless of the rating, Cowen did increase their price to $22 as they are considering target share price analysis. Goldman, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-08-19, giving the stock a Buy from the Neutral rating.
SYMC Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +73.43% has been attained, while the operating margin has been recorded at +13.19%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 0.10%. Beta value of the stock is recorded at 1.35. Additionally, Symantec Corporation is recording price volatility of 2.94% for the period of the last seven days and 2.78% in the last 30 days.
Symantec Corporation (NASDAQ:SYMC) Technical Outlook
For the period of the last 50 days, Symantec Corporation had its Raw Stochastic average set at 31.51% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 3.24%. Stochastic %K for Symantec Corporation, with the last 20 days included, was set at 3.72%, having Stochastic %D topping 3.21%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Symantec Corporation stocks with recording 6.29% in metrics.
Symantec Corporation Insider Watch:
As far as the position of shares issued by Symantec Corporation (NASDAQ:SYMC) for the period concluded at the market close of 08/06/19, 240 institutional investors increased their positions in SYMC shares by 50,422,929, 228 decreased positions by 49,368,358 and 83 institutional investors decided to hold positions at 490,658,659. These numbers put the complete list of institutional holdings set at 590,449,946 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 53 institutional investments with 2,810,578 new shares in addition to having 64 institutional investors selling their positions in 13,402,373 shares.