Genworth Financial Inc. (NYSE:GNW) saw an upside of 0.65% to close Monday at $6.20 after adding $0.04 on the day. The 5-day average trading volume is 2,537,080 shares of the company’s common stock. It has gained $6.26 in the past week and touched a new high 3 times within the past 5 days. An average of 2,096,100 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,006,776.
GNW’s 1-month performance is 11.31% or $0.63 on its low of $5.48 reached on 07/14/23. The company’s shares have touched a 52-week low of $3.44 and high of $6.40, with the stock’s rally to the 52-week high happening on 02/15/23. YTD, GNW has achieved 17.20% or $0.91 and has reached a new high 14 times. However, the current price is down -3.13% from the 52-week high price.
Insider Transactions
GNW stock investors last saw insider trading activity on May 22.McInerney Thomas J (President and CEO; Director) most recently sold 125,000 shares at $5.52 per share on May 22. This transaction cost the insider $690,500. President & CEO, Enact, Gupta Rohit, sold 90,691 shares at a price of $6.25 on Feb 17. Then, on Feb 14, EVP, CFO & CIO Sheehan Daniel J IV sold 350,000 shares at a price of $6.25 per share. This transaction amounted to $2,188,200.
Valuation Metrics
GNW stock has a beta of 0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.39 while the price-to-book (PB) in the most recent quarter is 0.41, with the price to cash flow ratio at 2.49.
As well, the company’s long term debt to equity for the quarter ending March 30 was 0.22, while the total debt to equity was 0.22. The firm’s gross profit as reported stood at $978.0 million against revenue of $7.51 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -140.32% to $62.0 million, while revenue of $175.0 million was -182.26% off the previous quarter. Analysts expected GNW to announce $0.2 per share in earnings in its latest quarter, but it posted $0.12, representing a -40.00% surprise. EBITDA for the quarter stood at more than $209.0 million. Shareholders hold equity totaling $477.95 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 07 August was 80.22% to suggest the stock is trending Overbought, with historical volatility in this time period at 21.05%.
The stock’s 5-day moving average is $6.07, reflecting a +5.80% or $0.34 change from its current price. GNW is currently trading +10.52% above its 20-day SMA, +17.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.14% and SMA200 by+41.55%.
Stochastic %K and %D was 88.65% and 86.51% and the average true range (ATR) pointed at 0.15. The RSI (14) points at 73.19%, while the 14-day stochastic is at 91.11% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.28 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 $6.00 and a high of $6.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Genworth Financial Inc. (GNW) stock is $6.00.
