A new trading day began on June 23, 2022, with Manulife Financial Corporation (NYSE: MFC) stock priced at $16.75, down -1.37% from the previous day of trading. During the day, the shares moved up to $16.80 and dropped to $16.36 before settling in for the closing price of $16.75. MFC’s price has ranged from $16.27 to $22.19 over the past 52 weeks.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free.
Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 1.00%. Meanwhile, its annual earnings per share averaged 20.70%. With a float of $1.92 billion, this company’s outstanding shares have now reached $1.94 billion.
Considering the fact that the conglomerate employs 38000 people, you should pay attention to its efficiency factor.
Manulife Financial Corporation (MFC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Life Industry. The insider ownership of Manulife Financial Corporation is 0.01%, while institutional ownership is 53.70%.
Manulife Financial Corporation (MFC) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $0.6 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +12.01 while generating a return on equity of 12.83. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to 20.10% growth over the previous five years of trading.
Manulife Financial Corporation (NYSE: MFC) Trading Performance Indicators
Here are Manulife Financial Corporation’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 0.72. Likewise, its price to free cash flow for the trailing twelve months is 2.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.60, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.61 in one year’s time.
Technical Analysis of Manulife Financial Corporation (MFC)
Compared to the last year’s volume of 4.6 million, its volume of 4.5 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 21.92%. Additionally, its Average True Range was 0.51.
During the past 100 days, Manulife Financial Corporation’s (MFC) raw stochastic average was set at 4.22%, which indicates a significant decrease from 9.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.34% in the past 14 days, which was higher than the 34.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.73, while its 200-day Moving Average is $19.62. Nevertheless, the first resistance level for the watch stands at $16.76 in the near term. At $17.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.20. If the price goes on to break the first support level at $16.32, it is likely to go to the next support level at $16.12. Should the price break the second support level, the third support level stands at $15.88.
Manulife Financial Corporation (NYSE: MFC) Key Stats
With a market capitalization of 31.95 billion, the company has a total of 1,924,477K Shares Outstanding. Currently, annual sales are 49,327 M while annual income is 5,312 M. The company’s previous quarter sales were 16,865 M while its latest quarter income was 1,579 M.