About
About GWG Holdings Inc
GWG Holdings, Inc., a financial services company, provides various liquidity solutions and services for the owners of illiquid alternative assets in North America, Asia, Western Europe, Latin and South America, and internationally. It operates in two segments, Secondary Life Insurance and Beneficient. The company offers liquidity to owners of life insurance policies; and owns a portfolio of life insurance policies. It also operates a financial services product distribution platform that consists of approximately 145 independent broker-dealers and approximately five thousand independent financial advisors; and develops and commercializes epigenetic technology for the life insurance industry. GWG Holdings, Inc. was founded in 2006 and is headquartered in Dallas, Texas. On April 20, 2022, GWG Holdings, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
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5 years, 4 months ago
GWG Holdings, Inc is currently in a long term downtrend where the price is trading 6.2% below its 200 day moving average.
From a valuation standpoint, the stock is 77.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.0.
GWG Holdings, Inc's total revenue rose by 42.3% to $32M since the same quarter in the previous year.
Its net income has dropped by 216.5% to $-65M since the same quarter in the previous year.
Finally, its free cash flow fell by 22.5% to $-60M since the same quarter in the previous year.
Based on the above factors, GWG Holdings, Inc gets an overall score of 2/5.