Manulife Financial Corp. (NYSE: MFC)’s stock price has plunge by -0.87relation to previous closing price of 22.98. Nevertheless, the company has seen a -7.62% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Manulife Financial Corp. (NYSE: MFC) Right Now?
The price-to-earnings ratio for Manulife Financial Corp. (NYSE: MFC) is above average at 11.78x. The 36-month beta value for MFC is also noteworthy at 1.08. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MFC is 1.80B, and at present, short sellers hold a 0.42% of that float. The average trading volume of MFC on April 17, 2024 was 3.44M shares.
MFC’s Market Performance
The stock of Manulife Financial Corp. (MFC) has seen a -7.62% decrease in the past week, with a -5.67% drop in the past month, and a 7.20% gain in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 1.80% for MFC. The simple moving average for the past 20 days is -5.98% for MFC’s stock, with a 10.96% simple moving average for the past 200 days.
MFC Trading at -4.43% 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 -9.39% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.16% upper at present.
During the last 5 trading sessions, MFC fell by -7.62%, which changed the moving average for the period of 200-days by +22.01% in comparison to the 20-day moving average, which settled at $24.16. In addition, Manulife Financial Corp. saw 3.08% 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 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
In summary, Manulife Financial Corp. (MFC) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
