Assetmark Financial Holdings Inc (NYSE: AMK) has a price-to-earnings ratio that is above its average at 17.86x. The stock has a 36-month beta value of 1.09. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AMK is 21.91M, and at present, short sellers hold a 4.11% of that float. On July 18, 2024, the average trading volume of AMK was 539.36K shares.
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AMK) stock’s latest price update
Assetmark Financial Holdings Inc (NYSE: AMK)’s stock price has dropped by -0.15 in relation to previous closing price of 34.41. Nevertheless, the company has seen a loss of -0.84% in its stock price over the last five trading days. globenewswire.com reported 2024-07-10 that CONCORD, Calif., July 10, 2024 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.
AMK’s Market Performance
Assetmark Financial Holdings Inc (AMK) has seen a -0.84% fall in stock performance for the week, with a 0.20% gain in the past month and a -0.81% plunge in the past quarter. The volatility ratio for the week is 0.55%, and the volatility levels for the past 30 days are at 0.55% for AMK. The simple moving average for the past 20 days is -0.20% for AMK’s stock, with a 10.49% 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 0.36% 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 -8.47% of loss for the given period.
Volatility was left at 0.55%, however, over the last 30 days, the volatility rate increased by 0.55%, as shares surge +0.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.09% upper at present.
During the last 5 trading sessions, AMK fell by -0.84%, which changed the moving average for the period of 200-days by +37.00% in comparison to the 20-day moving average, which settled at $34.43. In addition, Assetmark Financial Holdings Inc saw 14.72% 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 Hansen Carrie E., who sale 10,611 shares at the price of $34.40 back on Jun 10 ’24. After this action, Hansen Carrie E. now owns 134,582 shares of Assetmark Financial Holdings Inc, valued at $365,025 using the latest closing price.
Angus Ted F., the EVP, General Counsel of Assetmark Financial Holdings Inc, sale 9,634 shares at $34.40 during a trade that took place back on Jun 10 ’24, which means that Angus Ted F. is holding 113,811 shares at $331,406 based on the most recent closing price.
Stock Fundamentals for AMK
Current profitability levels for the company are sitting at:
- 0.29 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 1.86. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 22.73.
Currently, EBITDA for the company is 229.06 million with net debt to EBITDA at -0.57. 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 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
To sum up, Assetmark Financial Holdings Inc (AMK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
