NortonLifeLock (NASDAQ:NLOK) Sets New 1-Year High – Still a Buy?

NortonLifeLock Inc (NASDAQ:NLOK)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $31.56 and last traded at $31.25, with a volume of 3040109 shares. The stock had previously closed at $31.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on NortonLifeLock in a research report on Saturday. They issued a “buy” rating on the stock.

NortonLifeLock Stock Performance

The company has a market capitalization of $17.80 billion, a P/E ratio of 21.78 and a beta of 0.76. The stock’s fifty day moving average price is $28.72 and its 200-day moving average price is $26.47.

NortonLifeLock Company Profile

Gen Digital, Inc engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.