The stock price of Brookfield Asset Management Ltd (NYSE: BAM) has jumped by 1.39 compared to previous close of 41.03. Despite this, the company has seen a gain of 0.34% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Investors looking for stocks in the Financial – Miscellaneous Services sector might want to consider either American Express (AXP) or Brookfield Asset Management (BAM). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in Brookfield Asset Management Ltd (NYSE: BAM) Right Now?
Brookfield Asset Management Ltd (NYSE: BAM) has a higher price-to-earnings ratio of 10.80x compared to its average ratio, The 36-month beta value for BAM is at 1.68. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BAM is 343.29M, and currently, shorts hold a 3.89% of that float. The average trading volume for BAM on April 04, 2024 was 1.08M shares.
BAM’s Market Performance
BAM’s stock has seen a 0.34% increase for the week, with a 0.19% rise in the past month and a 7.13% gain in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 1.93% for Brookfield Asset Management Ltd. The simple moving average for the past 20 days is -0.26% for BAM’s stock, with a 16.16% simple moving average for the past 200 days.
Analysts’ Opinion of BAM
HSBC Securities gave a rating of “Buy” to BAM, setting the target price at $39 in the report published on October 06th of the previous year.
BAM Trading at 1.59% 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 -3.26% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +0.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.91% upper at present.
During the last 5 trading sessions, BAM rose by +0.34%, which changed the moving average for the period of 200-days by +22.86% in comparison to the 20-day moving average, which settled at $41.71. In addition, Brookfield Asset Management Ltd saw 3.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BAM
Current profitability levels for the company are sitting at:
- 0.66 for the present operating margin
- 0.74 for the gross margin
The net margin for Brookfield Asset Management Ltd stands at 0.53. The total capital return value is set at 0.2. Equity return is now at value 21.23, with 14.07 for asset returns.
Based on Brookfield Asset Management Ltd (BAM), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 1.95. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 1319.77.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at -0.91. When we switch over and look at the enterprise to sales, we see a ratio of 3.45. The receivables turnover for the company is 1.3for trailing twelve months and the total asset turnover is 0.28.
Conclusion
In conclusion, Brookfield Asset Management Ltd (BAM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
