The stock of Manulife Financial Corp. (MFC) has gone up by 3.66% for the week, with a 15.43% rise in the past month and a 9.27% rise in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are 1.66% for MFC. The simple moving average for the past 20 days is 8.38% for MFC’s stock, with a 25.96% simple moving average for the past 200 days.
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 15.41x, Company’s 36-month beta value is 1.09.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MFC is 1.80B, and currently, short sellers hold a 0.63% ratio of that floaft. The average trading volume of MFC on May 20, 2024 was 3.17M shares.
MFC) stock’s latest price update
Manulife Financial Corp. (NYSE: MFC) has experienced a decline in its stock price by -0.22 compared to its previous closing price of 26.69. However, the company has seen a gain of 3.66% in its stock price over the last five trading days. prnewswire.com reported 2024-05-14 that Announces longevity preparedness research; builds on insurer’s commitment to help people live longer, healthier, better lives BOSTON, May 14, 2024 /PRNewswire/ – John Hancock, along with its Toronto-based parent company Manulife (NYSE: MFC), today announced a five-year, multimillion-dollar research collaboration with the Massachusetts Institute of Technology (MIT) AgeLab, a multi-disciplinary research institute that works with business, government, and NGOs, leading innovation and research to help improve the quality of life for the aging population and their loved ones. Over the next five years, Manulife/John Hancock and the MIT AgeLab will collaborate to research the future of longevity innovation, developing research, thought leadership, and workshops with the goal of driving actionable insights for the business community, policymakers, and individuals and their families.
MFC Trading at 9.88% 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 -0.67% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares surge +13.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.13% upper at present.
During the last 5 trading sessions, MFC rose by +3.62%, which changed the moving average for the period of 200-days by +38.50% in comparison to the 20-day moving average, which settled at $24.73. In addition, Manulife Financial Corp. saw 20.50% 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:
- 0.13 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 9.56, with 0.55 for asset returns.
Based on Manulife Financial Corp. (MFC), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.64. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 3.4.
Currently, EBITDA for the company is 4.1 billion with net debt to EBITDA at -2.06. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In a nutshell, Manulife Financial Corp. (MFC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
