Genworth Financial Inc. (NYSE:GNW) has a beta of 0.97, a 12-month trailing P/E ratio of 2.20, and a growth ratio of 0.44. The stock’s Relative Strength Index (RSI) is 52.03, with weekly volatility at 2.46% and ATR at 0.15. The GNW stock’s 52-week price range has touched low of $1.87 and a $4.76 high. Its shares traded lower over the last trading session, losing -1.67% on 06/04/21. The shares fell to a low of $4.055 before closing at $4.12. Intraday shares traded counted 2.56 million, which was 67.4% higher than its 30-day average trading volume of 7.85M. GNW’s previous close was $4.19 while the outstanding shares total 506.00M.
Investors have identified the Insurance – Life company Genworth Financial Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.12 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for Genworth Financial Inc. (GNW)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Genworth Financial Inc. recorded a total of 1.99 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 8.87% coming in sequential stages and their sales for the 08/03/2021 quarter reducing by -15.42%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.7 billion trying to sell their products during the last quarter, with the result yielding a gross income of 233.0 million. This allows shareholders to hold on to 506.00M with the recently reported earning now reading 0.34 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.05 cents a share).
Is the stock of GNW attractive?
In related news, EVP and General Counsel, Bobitz Ward E. sold 90,000 shares of the company’s stock in a transaction that recorded on May 27. The sale was performed at an average price of 4.21, for a total value of 378,468. As the sale deal closes, the EVP – Enact, Gupta Rohit now sold 60,000 shares of the company’s stock, valued at 252,462. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.
0 out of 3 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Genworth Financial Inc.. 0 analysts has assigned a Sell rating on the GNW stock. The 12-month mean consensus price target for the company’s shares has been set at $2.50.