NortonLifeLock Inc. (NASDAQ:NLOK) shares traded higher over the last trading session, gaining 2.05% on 06/21/21. The shares fell to a low of $26.83 before closing at $27.37. Intraday shares traded counted 3.49 million, which was 35.4% higher than its 30-day average trading volume of 5.41M. NLOK’s previous close was $26.82 while the outstanding shares total 583.00M. The firm has a beta of 0.64, a 12-month trailing P/E ratio of 23.53, and a growth ratio of 1.59. The stock’s Relative Strength Index (RSI) is 54.68, with weekly volatility at 2.31% and ATR at 0.62. The NLOK stock’s 52-week price range has touched low of $17.98 and a $28.92 high.
Investors have identified the Software – Infrastructure company NortonLifeLock Inc. 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 $16.29 billion, 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.
NortonLifeLock Inc. (NLOK) 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 NLOK, the company has in raw cash 933.0 million on their books with 313.0 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 1.54 billion total, with 2.14 billion as their total liabilities.
NLOK were able to record 700.0 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -1.24 billion. In cash movements, the company had a total of 706.0 million as operating cash flow.
Potential earnings growth for NortonLifeLock Inc. (NLOK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, NortonLifeLock Inc. recorded a total of 672.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 8.63% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 4.91%.
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 99.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 573.0 million. This allows shareholders to hold on to 583.00M with the recently reported earning now reading 0.32 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.38 cents a share).
Is the stock of NLOK attractive?
In related news, Director, Feld Peter A sold 416,877 shares of the company’s stock in a transaction that recorded on May 18. The sale was performed at an average price of 26.48, for a total value of 11,037,069. As the sale deal closes, the Director, Feld Peter A now sold 83,123 shares of the company’s stock, valued at 2,200,731. Also, Director, Feld Peter A sold 3,900,000 shares of the company’s stock in a deal that was recorded on May 17. The shares were price at an average price of 26.10 per share, with a total market value of 101,793,476. Following this completion of acquisition, the CFO, DERSE NATALIE MARIE now holds 1,286 shares of the company’s stock, valued at 27,623. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
5 out of 11 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on NortonLifeLock Inc.. 0 analysts has assigned a Sell rating on the NLOK stock. The 12-month mean consensus price target for the company’s shares has been set at $28.23.