Taking into account all relevant factors, NortonLifeLock Inc. (NASDAQ:NLOK) scores 100% Buy on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for NLOK averaged 100% Buy with an average daily trading volume over the past 20 days at 8718557 shares. Those using medium-term investment strategies, the shares have overall a 1% Buy signal while the 50-day average daily volume remained almost 7669783 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 6387336 shares, is signaling100% Buy for long term investors.
The stock is lingering around the initial support level of $27.02. After this, the following support is at the zone of $26.55. Up until the time the NLOK stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 75.01 on the daily chart, and this may be a cause for concern. In case the price goes below $26.55 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $27.74 level may cause a pull-back move approaching $27.99 mark.
NortonLifeLock Inc. (NLOK) is most likely going to rise -9.81 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $32 as 12-month high price target. This represents a whopping 15.44 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $25, which means a return possibility of -9.81 percent in comparison with the closing price of the stock of $27.72 in recent trading session. The lowest price set for the stock is $21 which is just above -24.24 percent from NLOK share’s price at the end of session.
Let’s take a glimpse at some insider activity at NortonLifeLock Inc. (NASDAQ:NLOK) and observe the pattern. The earliest insider trade happened on 12/05/2019. Feld Peter A parted with a total of 16.66 million shares of the firm at average share price of $25.49. The total amount for the sale was set at $424.63 million. On completing this exchange, the Director account balance was 26.69 million shares. The stock grew 5.69 percent from that insider sale.
In the recent trading session, NortonLifeLock Inc. (NASDAQ:NLOK) shares gained 0.78% or 0.22 points to reach at $27.72 with a thin trading volume of 2.278 million shares. It opened the trading session at $26.84, the shares rose to $27.51 and dropped to $26.79, the range by which the price of stock traded the whole session. The company now has a market cap of $17.3 billion and currently has 627.95 million outstanding shares. NortonLifeLock Inc. (NLOK) stock has accumulated 5.77 percent of market value in 21 trading days.
Stock analysts at Barclays upped their rating on shares of NortonLifeLock Inc. (NASDAQ:NLOK) from Equal Weight to a new rating of Overweight in their opinion released on January 06.
NLOK stock’s trailing 3-year beta is 1.31, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.16 share in the trailing 52 weeks. The stock’s value surged 7.76 percent year to date (YTD) compared to a rise of 39.52 percent in 52 week’s period. The firm’s shares are still trading 0.75 percent below its 1-year high of $27.51 and 58.37 percent up from 52-week low of $17.50. The average consensus ranking on the company is 3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.
NortonLifeLock Inc. (NLOK) shares are trading at a P/E ratio of 19.91 times earnings posted in the trailing 12 months. The industry NLOK deals with has an average P/E of 36.97. Its P/B ratio is standing at 2.58X compared to the 14.4 industry average. It is additionally sporting a 4 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.74. NortonLifeLock Inc. has a 79.6% gross profit margin, with its operating margin around 14%. Alongside this, the company’s net profit margin currently stands at 24.9%.
Past records have indicated that shares in NortonLifeLock Inc. rose on 3 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.