The stock of Assetmark Financial Holdings Inc (NYSE: AMK) has decreased by -0.24 when compared to last closing price of 33.94. Despite this, the company has experienced a -0.24% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Here is how AssetMark Financial (AMK) and Berkshire Hathaway B (BRK.B) have performed compared to their sector so far this year.
Is It Worth Investing in Assetmark Financial Holdings Inc (NYSE: AMK) Right Now?
Assetmark Financial Holdings Inc (NYSE: AMK) has a price-to-earnings ratio of 17.60x that is above its average ratio. Additionally, the 36-month beta value for AMK is 1.10. 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 AMK is 22.03M and currently, short sellers hold a 0.79% ratio of that float. The average trading volume of AMK on May 09, 2024 was 385.28K shares.
AMK’s Market Performance
AMK stock saw a decrease of -0.24% in the past week, with a monthly decline of -8.63% and a quarterly a decrease of 9.58%. The volatility ratio for the week is 0.66%, and the volatility levels for the last 30 days are 1.80% for Assetmark Financial Holdings Inc (AMK). The simple moving average for the past 20 days is -2.43% for AMK’s stock, with a 14.45% simple moving average for the past 200 days.
Analysts’ Opinion of AMK
Many brokerage firms have already submitted their reports for AMK stocks, with JP Morgan repeating the rating for AMK by listing it as a “Neutral.” The predicted price for AMK in the upcoming period, according to JP Morgan is $37 based on the research report published on April 26, 2024 of the current year 2024.
JP Morgan gave a rating of “Overweight” to AMK, setting the target price at $32 in the report published on January 23rd of the previous year.
AMK Trading at -3.69% from the 50-Day Moving Average
After a stumble in the market that brought AMK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.80% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 0.66%, as shares sank -6.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.46% lower at present.
During the last 5 trading sessions, AMK fell by -0.24%, which changed the moving average for the period of 200-days by +9.37% in comparison to the 20-day moving average, which settled at $34.60. In addition, Assetmark Financial Holdings Inc saw 13.06% 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 AMK starting from Kim Michael, who sale 11,833 shares at the price of $35.18 back on Mar 04 ’24. After this action, Kim Michael now owns 364,777 shares of Assetmark Financial Holdings Inc, valued at $416,285 using the latest closing price.
Hansen Carrie E., the EVP, Chief Operating Officer of Assetmark Financial Holdings Inc, sale 11,500 shares at $26.18 during a trade that took place back on Dec 06 ’23, which means that Hansen Carrie E. is holding 145,193 shares at $301,070 based on the most recent closing price.
Stock Fundamentals for AMK
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.48 for the gross margin
The net margin for Assetmark Financial Holdings Inc stands at 0.2. The total capital return value is set at 0.13. Equity return is now at value 11.71, with 9.09 for asset returns.
Based on Assetmark Financial Holdings Inc (AMK), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.96. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 22.31.
Currently, EBITDA for the company is 229.06 million with net debt to EBITDA at -0.6. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 31.18for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.65.
Conclusion
In conclusion, Assetmark Financial Holdings Inc (AMK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
