Ideas And Forecasts On Manulife Financial Corp. (NYSE: MFC)

Manulife Financial Corp. (NYSE:MFC) currently has a daily average trading volume of 1.99M but it saw 7488409 shares traded in last market. With a market cap of 52.69B USD, the company’s current market price of $29.63 came rising about 1.72 while comparing to the previous closing price of $29.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.39 and as low as $17.07. In the recent trading on the day, stock has struck highest price mark of $29.26 while lowest mark touched by it was $29.88.

Taking a look at 20-day trading activity of Manulife Financial Corp. (MFC) gives us an average price of $28.12, while its current price level is 0.82% below from 52-week high level whereas it is 73.58% 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 $26.77 while that of 200 days or SMA-200 reads an average of $24.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.38% during that period while stretching the period over a month that increases to 1.56%. 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 77.60 which implies that the stock is in overbought territory.

Over the week, MFC’s stock price is moving 2.63% up while it is 8.14% when we observe its performance for the past one month. Year-to-date it is 34.07% up and over the past year, the stock is showing an upside performance of 60.08%.

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 17.05 while having a 10.08 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 1.71 while price to sale or P/S ratio amounts to 1.41. Its return on asset (ROA) is 0.51% on average.