Genworth Financial Inc. [GNW] stock is down -3.03 while the S&P 500 has fallen -0.67% on Wednesday, 10/14/20. While at the time of this article, GNW ATR is sitting at 0.20, with the beta value at 1.23. This stock’s volatility for the past week remained at 3.83%, while it was 6.41% for the past 30-day period. GNW has fallen -$0.11 from the previous closing price of $3.63 on volume of 2.52 million shares.

On 1, October 2020, Genworth and Oceanwide Announce Significant Progress Toward Acquisition Funding, Extend Merger Agreement. According to news published on Yahoo Finance, Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) announced today that Oceanwide has reached a general agreement with Hony Capital on the key commercial terms and conditions of its $1.8 billion offshore financing plan to complete the acquisition of Genworth, and that Oceanwide has provided satisfactory information regarding its funding plan for the portion of the funds being sourced from Mainland China.

Analyst Birdseye View:

The most recent analyst activity for Genworth Financial Inc. [NYSE:GNW] stock was on May 05, 2016, when it was Reiterated with a Buy rating from Compass Point, which also lowered its 12-month price target on the stock from $5.50 to $5.25. On February 08, 2016, Compass Point Reiterated a Buy rating and plunged its price target on this stock from $7.50 to $5.50. On November 17, 2015, Goldman Initiated a Neutral rating and increased its price target to $5. On November 04, 2015, UBS Downgrade a Sell rating and decreased its price target to $4.25. On September 08, 2015, UBS Reiterated a Neutral rating and boosted its amount target on this stock to $5.25. On August 10, 2015, Compass Point Reiterated a Buy rating and decreased its target amount on this stock from $12 to $7.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.87 and a peak of $4.93. Right now, the middling Wall Street analyst 12-month amount mark is $3.00. At the most recent market close, shares of Genworth Financial Inc. [NYSE:GNW] were valued at $3.52. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Genworth Financial Inc. [NYSE:GNW] most recently reported quarterly sales of 2.13 billion, which represented growth of 7.20%. This publicly-traded organization’s revenue is $2,632,581 per employee, while its income is $146,774 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.45, 3.42, 5.18 and 2.65 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 20.43 and the whole liability to whole assets at 3.59. It shows enduring liability to the whole principal at 18.21 and enduring liability to assets at 0.03 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.48 points at 1st support level, the second support level is making up to 3.43. But as of 1st resistance point, this stock is sitting at 3.60 and at 3.67 for 2nd resistance point.

Genworth Financial Inc. [GNW] reported its earnings at -$0.86 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.03/share signifying the difference of -0.89 and -2,966.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.13 calling estimates for $0.17/share with the difference of -0.3 depicting the surprise of -176.50%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.27, it’s amount to book ratio is 0.16 and showing 10.14 of P/E (TTM) ratio.