Genworth Financial Inc (NYSE:GNW) shares, rose in value, with the stock price up by 0.16% to the previous day’s close as strong demand from buyers drove the stock to $6.35.
Actively observing the price movement in the last trading, the stock closed the session at $6.34. The value of beta (5-year monthly) was 1.06 whereas the PE ratio was 6350.00 over 12-month period. Referring to stock’s 52-week performance, its high was $6.93, and the low was $4.51. On the whole, GNW has fluctuated by 0.63% over the past month.
With the market capitalization of Genworth Financial Inc currently standing at about $2.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.19, which is expected to increase to $0.27 for fiscal year $0.8 and then to about $0.92 by fiscal year 2025. Data indicates that the EPS growth is expected to be 400.00% in 2025, while the next year’s EPS growth is forecast to be 15.00%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GNW’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1270.00, with the price of GNW currently trading nearly 0.47% and 1.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.28, while the 7-day volatility ratio is showing 2.19% which for the 30-day chart, stands at 2.32%. Furthermore, Genworth Financial Inc (GNW)’s beta value is 1.07, and its average true range (ATR) is 0.15.
A comparison of Genworth Financial Inc (GNW) with its peers suggests the former has fared considerably weaker in the market. GNW showed an intraday change of 0.16% in last session, and over the past year, it grew by 25.74%%.
Data on historical trading for Genworth Financial Inc (NYSE:GNW) indicates that the trading volumes over the past 10 days have averaged 2.08 million and over the past 3 months, they’ve averaged 2.71 million. According to company’s latest data on outstanding shares, there are 446.82 million shares outstanding.
Nearly 2.03% of Genworth Financial Inc’s shares belong to company insiders and institutional investors own 82.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.04 million shares as on Mar 15, 2024, resulting in a short ratio of 2.45. According to the data, the short interest in Genworth Financial Inc (GNW) stood at 1.82% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.61 million. The stock has fallen by -4.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GNW stock heading into the next quarter.
