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 1.91M but it saw 1702586 shares traded in last market. With a market cap of 80.63B USD, the company’s current market price of $32.87 came rising about 1.33 while comparing to the previous closing price of $32.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $32.94 and as low as $18.78. In the recent trading on the day, stock has struck highest price mark of $32.57 while lowest mark touched by it was $33.06.

Taking a look at 20-day trading activity of Manulife Financial Corp (MFC) gives us an average price of $30.73, while its current price level is -0.21% below from 52-week high level whereas it is 74.98% 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 $29.79 while that of 200 days or SMA-200 reads an average of $26.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.56% during that period while stretching the period over a month that increases to 1.76%. 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 73.02 which implies that the stock is in overbought territory.

Over the week, MFC’s stock price is moving 1.80% up while it is 7.17% when we observe its performance for the past one month. Year-to-date it is 48.73% up and over the past year, the stock is showing an upside performance of 73.46%.

Currently, Manulife Financial Corp’s total number of outstanding shares is 1.81B. Company’s return on investment (ROI) stands at 8.05% and return on equity (ROE) at 11.06%. It has a price to earnings ratio (P/E ratio) of 15.79 while having a 11.23 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 1.82 while price to sale or P/S ratio amounts to 1.97. Its return on asset (ROA) is 0.60% on average.