8 days have passed by since the last earnings report for GWG Holdings, Inc. (NASDAQ:GWGH) and the new quarterly results look set to arrive today. The shares of GWGH at the moment are trading at a volume of 0 million, which compares with its normal daily standard volume of 30230 shares. This has led to the shares of the company declining by -1.05%, currently exchanging hands at $10.37 a share. GWGH stock has been up by $7.13 (-40.74%) ever since it reached its 52-week high of $17.5 back in May 06, 2019. It has progressed above its 50-day moving average of $8.76 and is up 3.39% over the past week. The stock has retreated 0% since the last one arrived so the question here is that will the downbeat trend in that time frame continue leading up to its next earnings release, or is the GWGH share price due for a breakout?
Analyzing The Earnings History Of GWG Holdings, Inc. (NASDAQ:GWGH)
In the past few years, the GWGH stock has been known to miss the Wall Street’s earnings projection. The company missed 8% of the time, according to the data pulled on their earnings, was able to meet predictions on 0 occasions and topped expectations 9 times. Looking at the past trend, the price of GWG Holdings, Inc. shares had risen following the release of their earnings in 10 of the last 15 quarters.
The higher number of analysts at Reuters has assigned a buy or better ratings (1) on the GWG Holdings, Inc. stock, while 0 of them have a rating of a Hold with the 11-year target price suggested by the analysts standing at $12.35. This price target implies potential upside of 19.09 percent over the next 12 months based on the current share price.
GWG Holdings, Inc. (GWGH) Post Earnings Announcement Drift (PEAD)
Back on August 05, 2019, GWG Holdings, Inc. (NASDAQ:GWGH) released its Q1 results, in which it recorded a loss of -$0.57 that fell short of consensus estimates of -$0.24. After the earnings were reported, the price of GWGH stock kicked off the session at $10.03 and remained in a range of $10.23 to $10.86 on the first day. The shares were priced at $10.03 at the close with a total volume of shares being 5488.
On July 09, 2019, the Q4 earnings report was disclosed with loss per share of -$15.16. This was below the estimation of -$0.94 per share. The stock price range of GWGH was between $6.5 and $7.43 on the first-day post announcement, after opening the day at $6.5. The session came to close at $7.39 and there was a total volume of 61757 shares.
November 19, 2018 was the day when its Q3 results were unveiled. The loss came in at -$2.52, missing the projected -$1.07 per share. The very next day, GWGH stock opened at $4.99 while staying in a range of $6 to $6. At the end, it moved to $5.36 a total volume of shares been 5705.
In the year-ago Q2 earnings on August 14, 2018, the company saw a loss per share of -$0.76. That was better than the -$0.85 analysts had expected. GWG Holdings, Inc. share price started at $8.2 on the first full trading day post-earning and then exchanged hands between $8.2 and $10.37 throughout the session. The closing price of $10.09 came on the back of 75885 shares in volume.