Genworth Financial Inc’s Increase Of 1.24% Makes It Worthwhile To Consider Again

Genworth Financial Inc (NYSE:GNW) price on Friday, November 15, rose 1.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.35.

A look at the stock’s price movement, the close in the last trading session was $7.26, moving within a range at $7.24 and $7.37. The beta value (5-Year monthly) was 0.951 while the PE ratio in trailing twelve months stood at 35.96. Turning to its 52-week performance, $7.48 and $5.67 were the 52-week high and 52-week low respectively. Overall, GNW moved 1.80% over the past month.

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Genworth Financial Inc’s market cap currently stands at around $3.14 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.

Turning to the stock’s technical picture we see that short term indicators suggest on average that GNW is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

The technical evaluation for the stock shows the PEG ratio is 7.19, with GNW’s current price about 5.67% and 6.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.66, while 7-day volatility ratio is 2.61% and 2.37% in the 30-day chart. Further, Genworth Financial Inc (GNW) has a beta value of 0.97, and an average true range (ATR) of 0.18.

If we refocus on Genworth Financial Inc (NYSE:GNW), historical trading data shows that trading volumes averaged 3.19 over the past 10 days and 2.57 million over the past 3 months. The company’s latest data on shares outstanding shows there are 446.82 million shares.

The 1.98% of Genworth Financial Inc’s shares are in the hands of company insiders while institutional holders own 85.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.45 million on 2024-10-31, giving us a short ratio of 2.71. The data shows that as of 2024-10-31 short interest in Genworth Financial Inc (GNW) stood at 215.0 of shares outstanding, with shares short rising to 4.95 million registered in 2024-09-30. Current price change has pushed the stock 10.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GNW stock continues to rise going into the next quarter.

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