The stock price of Manulife Financial Corp. (NYSE: MFC) has dropped by -0.37 compared to previous close of 30.07. Despite this, the company has seen a fall of -0.20% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that Manulife (MFC) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Manulife Financial Corp. (NYSE: MFC) Right Now?
Manulife Financial Corp. (NYSE: MFC) has a price-to-earnings ratio of 17.24x that is above its average ratio. Additionally, the 36-month beta value for MFC is 1.07. 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.”
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The public float for MFC is 1.78B and currently, short sellers hold a 0.44% ratio of that float. The average trading volume of MFC on October 31, 2024 was 1.94M shares.
MFC’s Market Performance
MFC’s stock has seen a -0.20% decrease for the week, with a 1.49% rise in the past month and a 16.71% gain in the past quarter. The volatility ratio for the week is 1.35%, and the volatility levels for the past 30 days are at 1.33% for Manulife Financial Corp. The simple moving average for the past 20 days is -0.55% for MFC’s stock, with a 16.53% simple moving average for the past 200 days.
MFC Trading at 3.70% 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 -2.92% of loss for the given period.
Volatility was left at 1.33%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +0.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.92% upper at present.
During the last 5 trading sessions, MFC fell by -0.20%, which changed the moving average for the period of 200-days by +40.99% in comparison to the 20-day moving average, which settled at $30.13. In addition, Manulife Financial Corp. saw 35.57% 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:
- 0.09 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 0.0. Equity return is now at value 9.60, with 0.51 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 1.68. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 2.43.
Currently, EBITDA for the company is 4.1 billion with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 88.82.
Conclusion
In conclusion, Manulife Financial Corp. (MFC) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
