Brookfield Asset Management Ltd (NYSE: BAM) has seen a rise in its stock price by 1.38 in relation to its previous close of 39.05. However, the company has experienced a 2.96% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-16 that Selecting the right sectors for dividend stocks is crucial for long-term total return outperformance and sustainable dividend growth. I share the criteria that I look for and my favorite sectors. I also share some of my top picks of the moment.
Is It Worth Investing in Brookfield Asset Management Ltd (NYSE: BAM) Right Now?
The price-to-earnings ratio for Brookfield Asset Management Ltd (NYSE: BAM) is above average at 8.64x, Company’s 36-month beta value is 1.64.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BAM is 347.21M, and currently, short sellers hold a 4.59% ratio of that floaft. The average trading volume of BAM on April 24, 2024 was 1.19M shares.
BAM’s Market Performance
The stock of Brookfield Asset Management Ltd (BAM) has seen a 2.96% increase in the past week, with a -6.52% drop in the past month, and a 0.92% gain in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 2.25% for BAM. The simple moving average for the past 20 days is -2.09% for BAM’s stock, with a 8.94% 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 -3.24% 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 -7.93% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares sank -4.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.93% lower at present.
During the last 5 trading sessions, BAM rose by +2.96%, which changed the moving average for the period of 200-days by +23.99% in comparison to the 20-day moving average, which settled at $40.34. In addition, Brookfield Asset Management Ltd saw -1.44% in overturn over a single year, with a tendency to cut further losses.
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 19.74, with 12.96 for asset returns.
Based on Brookfield Asset Management Ltd (BAM), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 1.1. The debt to equity ratio resting at 0.05. 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 3.26. The receivables turnover for the company is 1.3for trailing twelve months and the total asset turnover is 0.28.
Conclusion
In a nutshell, Brookfield Asset Management Ltd (BAM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
