Manulife Financial Corporation (NYSE: MFC) has experienced a rise in its stock price by 1.03 compared to its previous closing price of 19.35. However, the company has seen a gain of 3.49% in its stock price over the last five trading days. InvestorPlace reported 2023-09-13 that If you’re a cautious investor, you may be concerned about a market correction. An alternative is to consider high-yield stocks to buy.
Is It Worth Investing in Manulife Financial Corporation (NYSE: MFC) Right Now?
The price-to-earnings ratio for Manulife Financial Corporation (NYSE: MFC) is above average at 9.23x. The 36-month beta value for MFC is also noteworthy at 1.11. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The average price estimated by analysts for MFC is $21.49, which is -$0.37 below than the current price. The public float for MFC is 1.83B, and at present, short sellers hold a 1.59% of that float. The average trading volume of MFC on September 19, 2023 was 3.40M shares.
MFC’s Market Performance
The stock of Manulife Financial Corporation (MFC) has seen a 3.49% increase in the past week, with a 8.37% rise in the past month, and a 4.43% gain in the past quarter. The volatility ratio for the week is 1.25%, and the volatility levels for the past 30 days are at 1.45% for MFC. The simple moving average for the past 20 days is 5.83% for MFC’s stock, with a 3.54% simple moving average for the past 200 days.
MFC Trading at 3.20% from the 50-Day Moving Average
After a stumble in the market that brought MFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.17% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.25%, as shares surge +9.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.54% upper at present.
During the last 5 trading sessions, MFC rose by +3.55%, which changed the moving average for the period of 200-days by +8.49% in comparison to the 20-day moving average, which settled at $18.56. In addition, Manulife Financial Corporation saw 9.59% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MFC
Current profitability levels for the company are sitting at:
- +67.35 for the present operating margin
The net margin for Manulife Financial Corporation stands at +45.89. The total capital return value is set at 15.07, while invested capital returns managed to touch 10.52. Equity return is now at value 12.80, with 0.60 for asset returns.
Based on Manulife Financial Corporation (MFC), the company’s capital structure generated 22.04 points at debt to equity in total, while total debt to capital is 18.06. Total debt to assets is 1.54, with long-term debt to equity ratio resting at 25.01. Finally, the long-term debt to capital ratio is 18.06.
When we switch over and look at the enterprise to sales, we see a ratio of 1.10, with the company’s debt to enterprise value settled at 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In summary, Manulife Financial Corporation (MFC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
