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Thursday, October 22, 2020

Genworth Financial Inc. (NYSE:GNW) on the Path to Ruin

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Genworth Financial Inc. (GNW) shares are trading at lower $3.43 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $3.00.

To add more color to this target, the company’s high over the last year is $4.93 and the low is $1.87. Over the last 52 weeks, GNW is down -19.29% while the S&P 500 is up 18.28%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GNW reported a profit of $148.0 million. Genworth Financial Inc. also saw revenues increase to $2.14 billion. In addition, GNW has free cash flow of $1.3 billion as of 06-2020. The company’s EBITDA came in at $275.0 million which compares well with its peers.

GNW booked profit margins of -6.30%, its Return on Equity (ROE) is -3.50%, and its Return on Assets is -0.50%. All told, it is clear that, GNW needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GNW has a short ratio of 2.22 and outstanding shares of 594.01M.

Company Outlook

GNW has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.96 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.35. Investors should also keep an eye on sector updates as GNW has historically followed its peers on positive news.

All told, Genworth Financial Inc. GNW has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GNW represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Genworth Financial Inc. GNW is now commanding a market cap of 2.05B and a float of 588.43M. GNW is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GNW stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GNW, either long or short, and we have not been compensated for this article.

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