Manulife Financial Corp. (NYSE: MFC) has a higher price-to-earnings ratio of 12.75x compared to its average ratio. MFC has 36-month beta value of 1.07. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MFC is 1.80B, and currently, short sellers hold a 0.63% ratio of that float. The average trading volume of MFC on April 10, 2024 was 3.37M shares.
MFC) stock’s latest price update
Manulife Financial Corp. (NYSE: MFC)’s stock price has plunge by 0.16relation to previous closing price of 24.62. Nevertheless, the company has seen a 0.90% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that Manulife (MFC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
MFC’s Market Performance
Manulife Financial Corp. (MFC) has experienced a 0.90% rise in stock performance for the past week, with a 3.88% rise in the past month, and a 12.60% rise in the past quarter. The volatility ratio for the week is 1.75%, and the volatility levels for the past 30 days are at 1.57% for MFC. The simple moving average for the last 20 days is 1.42% for MFC stock, with a simple moving average of 20.90% for the last 200 days.
MFC Trading at 4.22% 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 -1.91% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares surge +3.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.86% upper at present.
During the last 5 trading sessions, MFC rose by +0.90%, which changed the moving average for the period of 200-days by +33.44% in comparison to the 20-day moving average, which settled at $24.36. In addition, Manulife Financial Corp. saw 11.58% 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:
- 0.12 for the present operating margin
- 1.0 for the gross margin
The net margin for Manulife Financial Corp. stands at 0.11. The total capital return value is set at 0.01. Equity return is now at value 9.80, with 0.62 for asset returns.
Based on Manulife Financial Corp. (MFC), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.6. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 3.19.
Currently, EBITDA for the company is 4.1 billion with net debt to EBITDA at -2.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
To put it simply, Manulife Financial Corp. (MFC) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
