Why Genworth Financial Inc. [GNW] Stock Can Run Back to New Highs Quicker Than You Think

Over the past three months, Genworth Financial Inc. [GNW] ended the trading day at $4.71 and exhibited a change of -1.05% with a 24 hour trading and reached upto the volume of 4.94M compared to its recorded trading volume of 3.9 million. GNW generated a 1 year amount change with 13.77%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 3.74% with an amount shift of 10.82% over the last month.

On 2, December 2020, Genworth 17th Annual Cost of Care Survey: COVID-19 Exacerbates Already Rising Long Term Care Costs; Care Providers Foresee Additional Rate Hikes in 2021. According to news published on Yahoo Finance, Despite the efforts of long term care providers to absorb many of the costs associated with COVID-19 as they put their own lives at risk to care for their clients, long term care costs increased substantially this year, particularly for assisted living facilities and in-home care, according to Genworth’s 17th annual Cost of Care Survey.

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, according to Wall Street analyst the average 12-month amount target is $3.50. At the most recent market close, shares of Genworth Financial Inc. [NYSE:GNW] were valued at $4.71. 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 2.42 billion, which represented growth of 20.00%. This publicly-traded organization’s revenue is $2,611,613 per employee, while its income is $107,097 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.40, 2.49, 5.17 and 1.94 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 20.43 and the whole liability to whole assets at 4.32. It shows enduring liability to the whole principal at 18.21 and enduring liability to assets at 0.04 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 4.62 points at 1st support level, the second support level is making up to 4.53. But as of 1st resistance point, this stock is sitting at 4.78 and at 4.85 for 2nd resistance point.

Genworth Financial Inc. [GNW] reported its earnings at $0.82 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.07/share signifying the difference of 0.75 and 1,071.40% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.86 calling estimates for $0.03/share with the difference of -0.89 depicting the surprise of -2,966.70%.

Important Ratio’s To Watch

Quick ratio, showing Cash ratio at 0.00. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.28, it’s amount to book ratio is 0.16 and showing 5.16 of P/E (TTM) ratio.