The stock of Brookfield Asset Management Ltd (BAM) has seen a 5.06% increase in the past week, with a 17.66% gain in the past month, and a 23.91% flourish in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 2.33% for BAM. The simple moving average for the last 20 days is 10.93% for BAM’s stock, with a simple moving average of 17.33% for the last 200 days.
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 42.26x, Company’s 36-month beta value is 1.44.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.”
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The public float for BAM is 350.40M, and currently, short sellers hold a 3.55% ratio of that floaft. The average trading volume of BAM on September 19, 2024 was 1.05M shares.
BAM) stock’s latest price update
Brookfield Asset Management Ltd (NYSE: BAM)’s stock price has gone rise by 2.82 in comparison to its previous close of 45.67, however, the company has experienced a 5.06% increase in its stock price over the last five trading days. businesswire.com reported 2024-09-17 that MELBOURNE, Australia–(BUSINESS WIRE)—- $WTM–BAM Mutual, the only mutual bond insurer focused on reducing the cost of debt sold for essential infrastructure, is opening a Melbourne office and will begin insuring bonds and loans sold to finance projects in Australia and New Zealand. BAM’s focus will include electricity transmission and distribution networks that support the energy transition, social infrastructure, and transportation facilities. “BAM Mutual’s mission is to make infrastructure more aff.
Analysts’ Opinion of BAM
Many brokerage firms have already submitted their reports for BAM stocks, with Jefferies repeating the rating for BAM by listing it as a “Hold.” The predicted price for BAM in the upcoming period, according to Jefferies is $43 based on the research report published on August 02, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see BAM reach a price target of $41, previously predicting the price at $38. The rating they have provided for BAM stocks is “Neutral” according to the report published on May 15th, 2024.
BAM Trading at 13.15% 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 able to rebound, for now settling with 1.47% of gains for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +16.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.98% upper at present.
During the last 5 trading sessions, BAM rose by +4.90%, which changed the moving average for the period of 200-days by +30.03% in comparison to the 20-day moving average, which settled at $42.67. In addition, Brookfield Asset Management Ltd saw 16.90% 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:
- 0.57 for the present operating margin
- 0.84 for the gross margin
The net margin for Brookfield Asset Management Ltd stands at 0.56. The total capital return value is set at 0.39. Equity return is now at value 16.24, with 12.05 for asset returns.
Based on Brookfield Asset Management Ltd (BAM), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.53.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at 0.15. When we switch over and look at the enterprise to sales, we see a ratio of 8.86. The receivables turnover for the company is 2.92for trailing twelve months and the total asset turnover is 0.54.
Conclusion
In a nutshell, Brookfield Asset Management Ltd (BAM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
