The stock of Brookfield Asset Management Ltd (NYSE: BAM) has decreased by -0.41 when compared to last closing price of 41.59. Despite this, the company has experienced a 3.03% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-12 that We discuss why our base case for the U.S. economy is stagflation. We share a 15-stock portfolio that is well-positioned for a stagflationary environment. We share why it is positioned to deliver an attractive current dividend yield along with strong dividend growth.
Is It Worth Investing in Brookfield Asset Management Ltd (NYSE: BAM) Right Now?
Brookfield Asset Management Ltd (NYSE: BAM) has a higher price-to-earnings ratio of 38.05x compared to its average ratio, The 36-month beta value for BAM is at 1.63. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BAM is 370.59M, and currently, shorts hold a 2.69% of that float. The average trading volume for BAM on July 18, 2024 was 1.65M shares.
BAM’s Market Performance
BAM’s stock has seen a 3.03% increase for the week, with a 8.57% rise in the past month and a 6.12% gain in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 2.05% for Brookfield Asset Management Ltd The simple moving average for the last 20 days is 6.34% for BAM stock, with a simple moving average of 9.29% for the last 200 days.
Analysts’ Opinion of BAM
Many brokerage firms have already submitted their reports for BAM stocks, with JP Morgan repeating the rating for BAM by listing it as a “Neutral.” The predicted price for BAM in the upcoming period, according to JP Morgan is $41 based on the research report published on May 15, 2024 of the current year 2024.
BAM Trading at 5.79% 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 -3.67% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +9.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.06% upper at present.
During the last 5 trading sessions, BAM rose by +3.36%, which changed the moving average for the period of 200-days by +24.63% in comparison to the 20-day moving average, which settled at $39.13. In addition, Brookfield Asset Management Ltd saw 3.11% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BAM
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 0.79 for the gross margin
The net margin for Brookfield Asset Management Ltd stands at 0.54. The total capital return value is set at 0.91. Equity return is now at value 18.95, with 13.16 for asset returns.
Based on Brookfield Asset Management Ltd (BAM), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 2.64.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 5.55. The receivables turnover for the company is 3.95for trailing twelve months and the total asset turnover is 0.99.
Conclusion
In conclusion, Brookfield Asset Management Ltd (BAM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
