Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Manulife Financial Corp.’s current trading price is 2.35% away from its 52-week high, while its distance from the 52-week low is 50.73%. The stock’s price range during this period has varied between $17.07 and $25.14. The company, active in the Financial sector, saw a trading volume of around 2.88 million for the day, considerably lower average daily volume of 3.21 million observed over the last three months.
Manulife Financial Corp.’s stock has had a calm market performance. The 1-year high for the company’s stock was $25.14 on 05/09/24, and the lowest price during the same period was recorded at $17.07 on 10/27/23.
How Financial Performance Impacts Market Capitalization
Manulife Financial Corp. (MFC) has experienced a quarterly rise of 14.51% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 46.46B and boasts a workforce of 38000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 23.11, with a change in price of +4.37. Similarly, Manulife Financial Corp. recorded 3,191,114 in trading volume during the last 100 days, posting a change of +20.46%.
How MFC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MFC stands at 0.28. Similarly, the long-term debt-to-equity ratio is also 0.28.
MFC Stock Stochastic Average
As of today, the raw stochastic average of Manulife Financial Corp. over the past 50 days is 98.27%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 98.27%. Additionally, the Stochastic %K and %D values for the company were 88.82% and 82.46%, respectively, over the past 20 days.
MFC Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 16.43%.However, over the last six months, we can see a weaker performance of 40.68%. Over the last 30 days, the price of MFC has fallen by 6.76%. And in the last five days, it has surged by 8.57%.
