The stock of Brookfield Corporation (BN) has gone down by -3.80% for the week, with a -5.13% drop in the past month and a -0.48% drop in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are 2.12% for BN. The simple moving average for the last 20 days is -4.66% for BN stock, with a simple moving average of 7.67% for the last 200 days.
Is It Worth Investing in Brookfield Corporation (NYSE: BN) Right Now?
Brookfield Corporation (NYSE: BN) has a higher price-to-earnings ratio of 63.73x compared to its average ratio. BN has 36-month beta value of 1.50. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BN is 1.36B, and currently, short sellers hold a 0.83% ratio of that float. The average trading volume of BN on April 16, 2024 was 2.80M shares.
BN) stock’s latest price update
Brookfield Corporation (NYSE: BN)’s stock price has plunge by -0.79relation to previous closing price of 39.30. Nevertheless, the company has seen a -3.80% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-11 that Diversification is the only free lunch. While I invest heavily in REITs, I also invest in other sectors. Here are three of my best dividend stocks to buy today.
Analysts’ Opinion of BN
Credit Suisse gave a rating of “Outperform” to BN, setting the target price at $41 in the report published on March 20th of the previous year.
BN Trading at -4.44% from the 50-Day Moving Average
After a stumble in the market that brought BN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.68% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -4.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.56% lower at present.
During the last 5 trading sessions, BN fell by -3.80%, which changed the moving average for the period of 200-days by +20.30% in comparison to the 20-day moving average, which settled at $40.80. In addition, Brookfield Corporation saw -2.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BN starting from OCM Growth Holdings LLC, who sale 1,000,000 shares at the price of $11.33 back on Mar 18 ’24. After this action, OCM Growth Holdings LLC now owns 15,492,168 shares of Brookfield Corporation, valued at $11,330,000 using the latest closing price.
BCP GP Ltd, the Former 10% Owner of Brookfield Corporation, sale 3,922,786 shares at $2.20 during a trade that took place back on Jan 02 ’24, which means that BCP GP Ltd is holding 23,352,826 shares at $8,630,129 based on the most recent closing price.
Stock Fundamentals for BN
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.25 for the gross margin
The net margin for Brookfield Corporation stands at 0.01. The total capital return value is set at 0.05. Equity return is now at value 2.52, with 0.24 for asset returns.
Based on Brookfield Corporation (BN), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 5.2. The interest coverage ratio of the stock is 1.4.
Currently, EBITDA for the company is 29.26 billion with net debt to EBITDA at 7.66. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 6.82for trailing twelve months and the total asset turnover is 0.21.
Conclusion
To put it simply, Brookfield Corporation (BN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
