The Week Ahead: Are Investors Really Too Optimistic About Manulife Financial Corp. (NYSE: MFC)

Manulife Financial Corp. (NYSE:MFC) currently has a daily average trading volume of 2.07M but it saw 1437427 shares traded in last market. With a market cap of 48.55B USD, the company’s current market price of $27.30 came falling about -0.36 while comparing to the previous closing price of $27.40. 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 $27.245 while lowest mark touched by it was $27.7491.

Taking a look at 20-day trading activity of Manulife Financial Corp. (MFC) gives us an average price of $25.77, while its current price level is -0.76% below from 52-week high level whereas it is 59.93% 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 $26.13 while that of 200 days or SMA-200 reads an average of $23.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.82% during that period while stretching the period over a month that increases to 2.28%. 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 64.82 which implies that the stock is in neutral territory.

Over the week, MFC’s stock price is moving 4.64% up while it is 4.60% when we observe its performance for the past one month. Year-to-date it is 23.53% up and over the past year, the stock is showing an upside performance of 51.92%.

Currently, Manulife Financial Corp.’s total number of outstanding shares is 1.81B with 0.03% of that held by the insiders while 59.62% of its common stock has been owned by the institutions. 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 15.71 while having a 9.30 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 1.58 while price to sale or P/S ratio amounts to 1.30. Its return on asset (ROA) is 0.51% on average.