Brookfield Asset Management Ltd (NYSE: BAM) has a price-to-earnings ratio of 10.53x that is above its average ratio. Additionally, the 36-month beta value for BAM is 1.65. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for BAM is 343.29M and currently, short sellers hold a 4.64% ratio of that float. The average trading volume of BAM on April 10, 2024 was 1.08M shares.
BAM) stock’s latest price update
Brookfield Asset Management Ltd (NYSE: BAM)’s stock price has gone decline by -3.38 in comparison to its previous close of 41.97, however, the company has experienced a -2.52% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-04-09 that Energy stocks are no longer the table pounding buys that they used to be. However, there are still several compelling reasons to invest in certain energy stocks. We share some of our top picks of the moment in the sector.
BAM’s Market Performance
Brookfield Asset Management Ltd (BAM) has seen a -2.52% fall in stock performance for the week, with a -3.20% decline in the past month and a 4.73% surge in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.07% for BAM. The simple moving average for the last 20 days is -2.43% for BAM’s stock, with a simple moving average of 12.55% for the last 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 -1.40% 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 -5.70% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -3.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.91% lower at present.
During the last 5 trading sessions, BAM fell by -2.22%, which changed the moving average for the period of 200-days by +28.52% in comparison to the 20-day moving average, which settled at $41.48. In addition, Brookfield Asset Management Ltd saw 0.95% 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 3.35. 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 seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
