Should Investors Trust The Upside Potential In Manulife Financial Corp (MFC)?

Manulife Financial Corp (NYSE:MFC) currently has a daily average trading volume of 2.27M but it saw 2214894 shares traded in last market. With a market cap of 55.74B USD, the company’s current market price of $32.35 came rising about 1.86 while comparing to the previous closing price of $31.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.07 and as low as $22.61. In the recent trading on the day, stock has struck highest price mark of $31.28 while lowest mark touched by it was $32.38.

Taking a look at 20-day trading activity of Manulife Financial Corp (MFC) gives us an average price of $30.27, while its current price level is -2.18% below from 52-week high level whereas it is 43.08% 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 $30.23 while that of 200 days or SMA-200 reads an average of $29.19. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.64% during that period while stretching the period over a month that decreases to 2.46%. 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 65.63 which implies that the stock is in neutral territory.

Over the week, MFC’s stock price is moving 3.95% up while it is 10.83% when we observe its performance for the past one month. Year-to-date it is 5.34% up and over the past year, the stock is showing an upside performance of 31.50%.

The company is expected to be releasing its next quarterly report on 2025-Feb-18, for which analysts forecasted an EPS of 1.01 while estimate for next year EPS is 4.18.

Currently, Manulife Financial Corp’s total number of outstanding shares is 1.73B with 0.01% of that held by the insiders while 55.63% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.16% and return on equity (ROE) at 11.03%. It has a price to earnings ratio (P/E ratio) of 15.57 while having a 10.14 of forward P/E ratio. Stock’s beta reads 0.98. Stock has a price to book (P/B) ratio of 1.82 while price to sale or P/S ratio amounts to 1.42. Its return on asset (ROA) is 0.58% on average.