Manulife Financial Corp. (MFC) Down -4.83% From Its 52-Week High, But Growth Potential Is Changing Over Time

Manulife Financial Corp. (NYSE:MFC) currently has a daily average trading volume of 2.09M but it saw 1396919 shares traded in last market. With a market cap of 47.01B USD, the company’s current market price of $26.18 came rising about 0.34 while comparing to the previous closing price of $26.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.51 and as low as $17.07. In the recent trading on the day, stock has struck highest price mark of $26.001 while lowest mark touched by it was $26.2887.

Taking a look at 20-day trading activity of Manulife Financial Corp. (MFC) gives us an average price of $25.55, while its current price level is -4.83% below from 52-week high level whereas it is 53.37% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $25.98 while that of 200 days or SMA-200 reads an average of $23.64. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.32% during that period while stretching the period over a month that increases to 2.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.21 which implies that the stock is in neutral territory.

Over the week, MFC’s stock price is moving 0.69% up while it is 1.99% when we observe its performance for the past one month. Year-to-date it is 18.46% up and over the past year, the stock is showing an upside performance of 49.00%.

Currently, Manulife Financial Corp.’s total number of outstanding shares is 1.81B. Company’s return on investment (ROI) stands at 6.85% and return on equity (ROE) at 9.60%. It has a price to earnings ratio (P/E ratio) of 15.07 while having a 8.94 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 1.51 while price to sale or P/S ratio amounts to 1.26. Its return on asset (ROA) is 0.51% on average.