Genworth Financial Inc. (GNW): Time to Buy this stock

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Genworth Financial Inc. (NYSE:GNW) changes shares on Monday trading session, with a change of -2.99% or -$0.08 shares. The trading starts at $2.66 and closed at $2.68 throughout the day. The trading session low price was $2.59 and day high was $2.69 on Monday, June 22. After the session, the Financial sector daily volume shifted to 3.14 million while its average volume is 5.99M. In other hand, the GNW market cap reached to $1.30B. While, its current target price is $2.60 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -11.56% and down -22.62% for month. Its quarterly performance was -12.75% below, while its half year performance is down -42.09%. GNW yearly performance stood at negative -29.16% and fall -40.91% for year-to-date. Current recommendation for Genworth Financial Inc. is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. GNW EPS (TTM) for 12-month is 0.47. EPS for this year is -71.60%, while for the next year its value is 0.41. Sales growth for the current quarter is 1.11 while its EPS Q/Q reached 0.00%. It has an EPS of 18.30% up for past five years and for the next five years will be up 5.00%.

Let’s take a look on the analyst recommendations on GNW for the current month and previous month. For the current month, 0 of 3 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $3.50-$3.50. Average target price for GNW was reached at $3.50.

Blackrock Inc., Vanguard Group, Inc. (The) and State Street Corporation are the top three holders in Genworth Financial Inc. (GNW) stock. On Mar 30, 2020, Blackrock Inc. has 58.9 million shares which valued 195.53 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 48.13 million shares which valued at 159.78 million. On Mar 30, 2020, State Street Corporation has a total of 18.48 million shares which valued at 61.35 million. In the end, State Street Corporation have 3.66% shares outstanding of Genworth Financial Inc. (GNW) on Mar 30, 2020. The insider ownership moved to 1.00% and institutional holding shifted to 74.30%.

The company posted an EPS (TTM) of 0.47. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.01, while 0.33 EPS posted a year ago period. Analyst Estimated EPS for GNW published in the report was 0.01-0.01 during the same period. Comparing with last year, the average estimated EPS was 0.33 which is higher than -0.13 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for GNW fall -33.89% for period of 200 days. SMA for 50 days was -18.89% which is showing red signal, while SMA-20 was -17.80%. The moving average value for Genworth Financial Inc. (GNW) is 3.7881 and 3.0769 for 200 and 50 days respectively.