Brookfield Corporation (NYSE: BN) has seen a rise in its stock price by 0.20 in relation to its previous close of 40.96. However, the company has experienced a 3.61% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-24 that Doubling Down On Telus In Smith Maneuver – March 2024 Dividend Income Report
Is It Worth Investing in Brookfield Corporation (NYSE: BN) Right Now?
The price-to-earnings ratio for Brookfield Corporation (NYSE: BN) is above average at 67.08x. The 36-month beta value for BN is also noteworthy at 1.49. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BN is 1.36B, and at present, short sellers hold a 0.80% of that float. The average trading volume of BN on April 30, 2024 was 2.83M shares.
BN’s Market Performance
BN’s stock has seen a 3.61% increase for the week, with a -1.98% drop in the past month and a -0.05% fall in the past quarter. The volatility ratio for the week is 2.15%, and the volatility levels for the past 30 days are at 2.17% for Brookfield Corporation The simple moving average for the past 20 days is 2.77% for BN’s stock, with a 12.27% simple moving average for the past 200 days.
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 0.66% 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 -4.93% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -0.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.26% upper at present.
During the last 5 trading sessions, BN rose by +3.61%, which changed the moving average for the period of 200-days by +18.72% in comparison to the 20-day moving average, which settled at $39.92. In addition, Brookfield Corporation saw 2.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BN starting from Oaktree Capital Group Holdings, who sale 7,131 shares at the price of $21.75 back on Apr 24 ’24. After this action, Oaktree Capital Group Holdings now owns 0 shares of Brookfield Corporation, valued at $155,099 using the latest closing price.
OCM Growth Holdings LLC, the Director of Brookfield Corporation, sale 1,000,000 shares at $11.33 during a trade that took place back on Mar 18 ’24, which means that OCM Growth Holdings LLC is holding 15,492,168 shares at $11,330,000 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 2.99. The receivables turnover for the company is 6.82for trailing twelve months and the total asset turnover is 0.21.
Conclusion
In summary, Brookfield Corporation (BN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
