As of Friday close, Genworth Financial Inc.’s (NYSE:GNW) stock was up $0.05, moving up 0.85 percent to $5.92. The average number of shares traded per day over the past five days has been 2,377,180 shares. 2 times new highs have been achieved over the past 5 days, with a $0.13 gain in that time frame. In the last twenty days, the average volume was 3,112,770, while in the previous 50 days, it was 2,546,666.
Since last month, GNW stock rose 4.23%. Shares of the company fell to $5.39 on 09/05/23, the lowest level in the past month. A 52-week high of $6.40 was reached on 02/15/23 after having rallying from a 52-week low of $3.44. Since the beginning of this year, GNW’s stock price has risen by 11.91% or $0.63, and marked a new high 14 times. However, the stock has declined by -7.50% since its 52-week high.
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GNW stock investors should be aware that Genworth Financial Inc. (GNW) stock had its last reported insider trading activity 43 days ago on Aug 11. McInerney Thomas J, the President and CEO; Director of the company, disposed of 200,000 shares for $6.01 on Aug 11. It resulted in a $1,201,200 divestment by the insider. McInerney Thomas J sold 125,000 shares at an average price of $5.52 on May 22. The insider now owns 4,649,974 shares following the transaction. On Feb 17, President & CEO, Enact Gupta Rohit sold 90,691 shares at $6.25 apiece. The transaction was valued at $567,127.
Valuation Metrics
Right now, Genworth Financial Inc. (GNW) has a P/E ratio of about 5.48. The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.38, and the price-to-cash flow ratio of 2.82 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.21, and the total debt-to-equity ratio was 0.21. In the year ended June 29, operating margins totaled 12.40%. Based on annual data, GNW earned $978.0 million in gross profit and brought in $7.51 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.10%. Return on equity (ROE) for the past 12 months was 6.80%.
In Genworth Financial Inc.’s quarter-end financial report for June 29, it reported total debt of $1.6 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GNW’s revenue rose 0.58% to $1.85 billion during the quarter, while net income inched up to $1.89 billion. While analysts expected Genworth Financial Inc. to report $0.17 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by 70.60%. During the quarter, the company generated $281.0 million in EBITDA. The value of shareholders’ equity is $463.09 million.
Technical Picture
This quick technical analysis looks at Genworth Financial Inc.’s (GNW) price momentum. With a historical volatility rate of 24.71%, the RSI 9-day stood at 58.23% on 22 September.
With respect to its five-day moving average, the current Genworth Financial Inc. price is up by +2.25% percent or $0.13. At present, GNW shares trade +2.25% above its 20-day simple moving average and +2.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.04% above its SMA50 and +19.35% above its SMA200.
Stochastic coefficient K was 75.06% and Stochastic coefficient D was 79.61%, while ATR was 0.15. Given the Stochastic reading of 81.68% for the 14-day period, the RSI (14) reading has been calculated as 56.06%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.12.
With a median target price of $6.00, the current consensus forecast for the stock is $6.00 – $6.00. Based on these forecasts, analysts predict Genworth Financial Inc. (GNW) will achieve an average price target of $6.00.
