The stock of Genworth Financial Inc. (NYSE:GNW) decreased by -$0.16 on Tuesday to finish at $5.83, down -2.67 percent. The last five days have seen an average of 2,545,520 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.54. The average number of shares traded over the last 20 days was 2,157,340, while the average volume over the last 50 days totaled 2,978,922.
GNW stock appreciated 3.74% since last month. On 07/17/23, the company’s shares reached a one-month low of $5.51. The stock touched a high of $6.40 on 02/15/23, after rallying from a low of $3.44 in 52 weeks. The price of GNW stock has risen by 10.21% or $0.54 this year, reaching a new high 14 times. Still, the stock price is down -8.91% from the 52-week high.
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Insider Transactions
GNW stock investors should be aware that Genworth Financial Inc. (GNW) stock had its last reported insider trading activity 5 days ago on Aug 11. On Aug 11, President and CEO; Director McInerney Thomas J sold 200,000 shares at $6.01 each. This transaction resulted in the insider making $1,201,200. On May 22, McInerney Thomas J sold 125,000 shares at a price of US$5.52. After the transaction, the insider now owns 4,649,974 shares. President & CEO, Enact Gupta Rohit had earlier sold 90,691 shares on Feb 17 for $6.25 a share. The transaction was completed for $567,127.
Valuation Metrics
Genworth Financial Inc. (GNW) has a trailing price-to-earnings (P/E) ratio of 5.39. Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.37, and the price-to-cash flow ratio of 2.84.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.21, and the total debt to equity ratio is 0.21. Genworth Financial Inc.’s operating margin stood at 12.40% for the same period. Based on annual data, it had gross profit of $978.0 million and revenue of $7.51 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GNW’s return on assets (ROA) during the last 12 months has been 0.60%. There was a 9.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.80%.
Earnings Surprise
According to Genworth Financial Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.89 billion, while revenues rose by 0.58% to $1.85 billion. It was predicted that Genworth Financial Inc.’s quarterly earnings would be $0.29, but it ended up being $0.17, beating the consensus by 70.60%. EBITDA was $281.0 million for the quarter. At the end of Genworth Financial Inc.’s most recent quarter ended June 29, its total debt was $2.07 billion. Equity owned by shareholders amounts to $463.09 million.
Technical Picture
Here’s a quick look at Genworth Financial Inc.’s (GNW) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 42.19%, suggesting the stock is Neutral, with a 26.96% historical volatility rate.
The stochastic %K and %D were 43.02% and 53.27% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 28.10%, the RSI (14) reading is 49.82%. On the 9-day MACD Oscillator, the stock is at -0.13, and the 14-day reading is at -0.05.
Analyst Ratings
Analysts have assigned Genworth Financial Inc. (GNW) an Hold rating. GNW is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is GNW’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $6.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Genworth Financial Inc. (GNW) is $6.00.
