Brookfield Asset Management Inc. (NYSE:BAM) went down by -2.99% from its latest closing price compared to the recent 1-year high of $62.47. The company’s stock price has collected -7.68% of loss in the last five trading sessions. The Wall Street Journal reported 5 hours ago that Brookfield Maps Out Planned Spinoff of $80 Billion Asset Manager
Is It Worth Investing in Brookfield Asset Management Inc. (NYSE :BAM) Right Now?
Brookfield Asset Management Inc. (NYSE:BAM) scored a price-to-earnings ratio above its average ratio, recording 18.83 x from its present earnings ratio. Plus, the 36-month beta value for BAM is at 1.31. Opinions of the stock are interesting as 10 analysts out of 12 who provided ratings for Brookfield Asset Management Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $69.45, which is $26.63 above the current price. BAM currently public float of 1.40B and currently shorts hold a 0.41% ratio of that float. Today, the average trading volume of BAM was 1.66M shares.
BAM’s Market Performance
BAM stocks went down by -7.68% for the week, with a monthly drop of -15.64% and a quarterly performance of -23.93%, while its annual performance rate touched 0.48%. The volatility ratio for the week stands at 3.73% while the volatility levels for the past 30 days are set at 3.22% for Brookfield Asset Management Inc.. The simple moving average for the period of the last 20 days is -11.21% for BAM stocks with a simple moving average of -19.06% for the last 200 days.
Analysts’ Opinion of BAM
Many brokerage firms have already submitted their reports for BAM stocks, with Credit Suisse repeating the rating for BAM by listing it as a “Outperform.” The predicted price for BAM in the upcoming period, according to Credit Suisse is $71.50 based on the research report published on April 27th of the current year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see BAM reach a price target of $61, previously predicting the price at $68.50. The rating they have provided for BAM stocks is “Neutral” according to the report published on January 26th, 2022.
Citigroup gave a rating of “Buy” to BAM, setting the target price at $68 in the report published on August 12th of the previous year.
BAM Trading at -15.44% from the 50-Day Moving Average
After a stumble in the market that brought BAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.27% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares sank -16.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.05% lower at present.
During the last 5 trading sessions, BAM fell by -7.68%, which changed the moving average for the period of 200-days by -15.20% in comparison to the 20-day moving average, which settled at $50.72. In addition, Brookfield Asset Management Inc. saw -24.76% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BAM starting from BROOKFIELD ASSET MANAGEMENT IN, who sale 756,921 shares at the price of $24.64 back on May 11. After this action, BROOKFIELD ASSET MANAGEMENT IN now owns 15,127,011 shares of Brookfield Asset Management Inc., valued at $18,650,533 using the latest closing price.
BROOKFIELD ASSET MANAGEMENT IN, the of Brookfield Asset Management Inc., sale 756,921 shares at $24.64 during a trade that took place back on May 11, which means that BROOKFIELD ASSET MANAGEMENT IN is holding 15,127,011 shares at $18,650,533 based on the most recent closing price.
Stock Fundamentals for BAM
Current profitability levels for the company are sitting at:
- +18.76 for the present operating margin
- +32.62 for the gross margin
The net margin for Brookfield Asset Management Inc. stands at +5.03. Equity return is now at value 10.40, with 1.10 for asset returns.