The price-to-earnings ratio for Brookfield Corporation (NYSE: BN) is 91.63x, which is above its average ratio. Moreover, the 36-month beta value for BN is 1.54. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for BN is 1.22B and currently, short sellers hold a 0.85% of that float. On September 25, 2024, BN’s average trading volume was 3.33M shares.
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BN) stock’s latest price update
Brookfield Corporation (NYSE: BN)’s stock price has gone rise by 0.49 in comparison to its previous close of 52.54, however, the company has experienced a 4.93% increase in its stock price over the last five trading days. accesswire.com reported 2024-09-24 that LOS ANGELES, CA / ACCESSWIRE / September 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Brookfield Business Partners L.P. (“Brookfield” or “the Company”) (NYSE:BBU) for violations of the securities laws.
BN’s Market Performance
BN’s stock has risen by 4.93% in the past week, with a monthly rise of 7.51% and a quarterly rise of 27.72%. The volatility ratio for the week is 1.89% while the volatility levels for the last 30 days are 2.26% for Brookfield Corporation The simple moving average for the last 20 days is 7.13% for BN’s stock, with a simple moving average of 23.96% for the last 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 11.14% 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 able to rebound, for now settling with 0.17% of gains for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +6.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.56% upper at present.
During the last 5 trading sessions, BN rose by +4.93%, which changed the moving average for the period of 200-days by +48.02% in comparison to the 20-day moving average, which settled at $49.46. In addition, Brookfield Corporation saw 31.61% 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 OCM Growth Holdings LLC, who sale 400,000 shares at the price of $11.90 back on Jun 10 ’24. After this action, OCM Growth Holdings LLC now owns 10,779,668 shares of Brookfield Corporation, valued at $4,760,000 using the latest closing price.
OCM Growth Holdings LLC, the Director of Brookfield Corporation, sale 4,312,500 shares at $11.50 during a trade that took place back on May 14 ’24, which means that OCM Growth Holdings LLC is holding 11,179,668 shares at $49,593,750 based on the most recent closing price.
Stock Fundamentals for BN
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.22 for the gross margin
The net margin for Brookfield Corporation stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 2.39, with 0.22 for asset returns.
Based on Brookfield Corporation (BN), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 5.46. The interest coverage ratio of the stock is 1.19.
Currently, EBITDA for the company is 29.26 billion with net debt to EBITDA at 8.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.15. The receivables turnover for the company is 5.03for trailing twelve months and the total asset turnover is 0.2.
Conclusion
To wrap up, the performance of Brookfield Corporation (BN) has been better in recent times. The stock has received a bullish of “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.
