Genworth Financial Inc. (GNW): What the Financials Tell Us

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Genworth Financial Inc. (NYSE:GNW) saw an upside of 0.18% to close Tuesday at $5.44 after adding $0.01 on the day. The 5-day average trading volume is 2,884,600 shares of the company’s common stock. It has gained $5.47 in the past week and touched a new high 3 times within the past 5 days. An average of 2,763,135 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,944,610.

GNW’s 1-month performance is 2.84% or $0.17 on its low of $5.04 reached on 01/10/23. The company’s shares have touched a 52-week low of $3.43 and high of $5.47, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, GNW has achieved 2.84% or $0.15 and has reached a new high 5 times. However, the current price is down -0.55% from the 52-week high price.

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Insider Transactions

GNW stock investors last saw insider trading activity on Nov 04.McInerney Thomas J (President and CEO; Director) most recently sold 200,000 shares at $4.58 per share on Nov 04. This transaction cost the insider $915,400. President and CEO; Director, McInerney Thomas J, sold 100,000 shares at a price of $4.25 on Aug 08. Then, on May 24, President and CEO; Director McInerney Thomas J sold 100,000 shares at a price of $3.95 per share. This transaction amounted to $394,700.

Valuation Metrics

GNW stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.36 while the price-to-book (PB) in the most recent quarter is 0.30, with the price to cash flow ratio at 3.35.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.17, while the total debt to equity was 0.17. The firm’s gross profit as reported stood at $1.18 billion against revenue of $7.83 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -201.92% to $104.0 million, while revenue of $181.0 million was -74.04% off the previous quarter. Analysts expected GNW to announce $0.28 per share in earnings in its latest quarter, but it posted $0.36, representing a 28.60% surprise. EBITDA for the quarter stood at more than $248.0 million. Shareholders hold equity totaling $496.37 million.

Let’s look briefly at Genworth Financial Inc. (GNW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 68.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.03%.

The stock’s 5-day moving average is $5.38, reflecting a +2.26% or $0.12 change from its current price. GNW is currently trading +4.41% above its 20-day SMA, +30.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +21.43% and SMA200 by+44.68%.

Stochastic %K and %D was 94.57% and 90.85% and the average true range (ATR) pointed at 0.10. The RSI (14) points at 65.83%, while the 14-day stochastic is at 93.02% with the period’s ATR at 0.10. The stock’s 9-day MACD Oscillator is pointing at 0.08 and 0.14 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for GNW stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate GNW as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is GNW’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.00 and a high of $5.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Genworth Financial Inc. (GNW) stock is $5.00.

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