Technical Outlook And Game Plan For Manulife Financial Corp. (NYSE: MFC)

Manulife Financial Corp. (MFC) concluded trading on Thursday at a closing price of $26.50, with 2.83 million shares of worth about $75.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.80% during that period and on June 27, 2024 the price saw a gain of about 2.36%. Currently the company’s common shares owned by public are about 1.81B shares, out of which, 1.79B shares are available for trading.

Stock saw a price change of 2.95% in past 5 days and over the past one month there was a price change of 1.15%. Year-to-date (YTD), MFC shares are showing a performance of 19.91% which increased to 42.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.07 but also hit the highest price of $26.81 during that period. The average intraday trading volume for Manulife Financial Corp. shares is 2.68 million. The stock is currently trading 2.79% above its 20-day simple moving average (SMA20), while that difference is up 5.44% for SMA50 and it goes to 19.97% higher than SMA200.

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Manulife Financial Corp. (NYSE: MFC) currently have 1.81B outstanding shares and institutions hold larger chunk of about 53.88% of that.

The stock has a current market capitalization of $47.59B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 15.33, while it has posted earnings per share of $1.73 in the same period. Its PEG reads 5.40 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MFC, volatility over the week remained 1.93% while standing at 1.71% over the month.

Stock’s fiscal year EPS is expected to rise by 5.86% while it is estimated to increase by 8.01% in next year. EPS is likely to grow at an annualized rate of 2.84% for next 5-years, compared to annual growth of 1.48% made by the stock over the past 5-years.

Stock get a Sector outperform rating from Scotiabank on July 27, 2022.

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