The insider sell/buy ratio of Symantec Corporation (NASDAQ:SYMC) is recorded at 7, pointing to bearish feelings about the stock among corporate executives and directors. SYMC recorded 7 sales on the open market in the last three months. They sold nearly 2,606,641 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 4,219,445 shares when buyers snapped up 437,807 shares. The 12-month’s totals signify about a 9.64-to-1 sell/buy ratio.
Taylor Scott C parted with a total of 41.28 thousand shares of Symantec Corporation (SYMC) at average share price of $27.61. This insider trade in the company took place on 04/16/2018. The total for the sales was set at $1.14 million. After this transaction, the EVP, Gen. Counsel & Secretary account balance stood at 188.43 thousand shares. The stock lost -19.2 percent since that insider sale. On 03/09/2018, Vautrinot Suzanne M, Director, sold 4 thousand shares at a price per share of $27.72. This removed 110.88 thousand shares from the insider’s fortune and the stock saw a -19.52 percent retreat in value since the news became public. This transaction left 23.83 thousand shares in the Director account.
On 03/05/2018, EVP, Consumer Business Rosch Francis C performed a sale transaction worth $1.38 million. This sale at $26.59 each has eliminated 51.9 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -16.1 percent decrease since the transaction was reported. The insider now is left with 213.03 thousand shares remaining in the account. Rosch Francis C, who performs the EVP, Consumer Business job, sold 57.1 thousand shares for $1.57 million. The disposal occurred on 12/06/2017 was priced at $27.42 per share. The share price plunged -18.64 percent since the reporting date. Rosch Francis C now left with a stake of 267.92 thousand SYMC stock worth $5.98 million after the insider selling.
The 12-month median price target for Symantec Corporation (SYMC) assigned by the analysts stands at $22, which represents a return potential of -1.39 percent when compared to the closing price of the stock of $22.31 on Thursday, December 06. The lowest price target for the stock is $18 — slightly more than -19.32 percent from SYMC’s current share price. The stock will probably climb 1.3 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $28-month high price target. This represents a whopping 25.5 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 55.74 on daily chart, which may remain a cause for concern. If the price breaks below $21.12 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $22.62 mark may result into a pull-back move towards $22.94 level. The stock is currently hovering around the first support level of $21.71. Below this, the next support is placed in the zone of $21.12. Till the time, the SYMC stock trades above this level, bulls have nothing to fear.
Shares of Symantec Corporation (SYMC) are trading at a P/E ratio of 27.88 times earnings reported for the past 12 months. The industry SYMC operates in has an average P/E of 39.5. Its P/E ratio went as low as 12.49X and as high as 121.06 over the 5-year span. Further, it is sporting a 3.06 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7458.41. 78.6 percent is the gross profit margin for Symantec Corporation and operating margin sits at 18.1 percent. Along with this, the net profit margin is 25.6 percent.
On 6th of December, Symantec Corporation (NASDAQ:SYMC) shares ended higher after a volatile session. The shares accumulated 0.35 points or 1.59 percent at $22.31 with a light trade volume of 6.228 million shares. After opening the session at $21.53, the shares went as high as $22.34 and as low as $21.43, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $14.6 billion and now has 652.47 million shares outstanding. Symantec Corporation (SYMC) stock has gained 11.44 percent of market value in 21 trading days.
In last reported earnings results, SYMC earned $0.42 per share, better than the $0.33, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.18B, better than the $1.14B analysts expected. Earnings are estimated to increase by 283.5 percent this year, 14.97 percent next year and continue to increase by 12.23 percent annually for the next 5 years. Investors will get their next glimpse of SYMC’s Q3 earnings on January 30. Analysts are forecasting revenue to suffer decline of -4.6 percent to $1.18B in the next fiscal quarter, while earnings are seen soaring by nearly -20.41 percent to $0.39 per share. History has shown that shares in Symantec Corporation have gone down on 18 different earnings reaction days and are predicted to add 0.05 percent when the company reports upcoming earnings.
SYMC stock has a trailing 3-year beta of 0.96, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.78 a share in the trailing twelve months. The stock’s value has fallen -20.49 percent year to date (YTD) against a decline of -18.7 percent in 12 month’s time. The company’s shares still trade -24.96 percent away from its 1-year high of $29.73 and 27.56 percent up from 52-week low of $17.49. The average consensus rating on the company is 3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.