The stock price of Brookfield Asset Management Ltd (NYSE: BAM) has surged by 0.40 when compared to previous closing price of 47.57, but the company has seen a 1.47% gain in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-09-23 that Brookfield Asset Management (TSX:BAM, NYSE:BAM) has raised $2.4 billion for the Catalytic Transition Fund (CTF), a United Arab Emirates-based fund aimed at mobilizing capital for clean energy and transition projects in emerging markets. The fund, launched at COP28 with up to $1 billion of capital provided by ALTÉRRA funds, is targeting raising up to $5 billion.
Is It Worth Investing in Brookfield Asset Management Ltd (NYSE: BAM) Right Now?
Brookfield Asset Management Ltd (NYSE: BAM) has a price-to-earnings ratio of 43.17x that is above its average ratio. Additionally, the 36-month beta value for BAM is 1.54. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BAM is 350.41M and currently, short sellers hold a 2.99% ratio of that float. The average trading volume of BAM on October 03, 2024 was 1.04M shares.
BAM’s Market Performance
BAM stock saw an increase of 1.47% in the past week, with a monthly gain of 17.38% and a quarterly increase of 22.52%. The volatility ratio for the week is 1.64%, and the volatility levels for the last 30 days are 2.23% for Brookfield Asset Management Ltd (BAM). The simple moving average for the last 20 days is 5.84% for BAM stock, with a simple moving average of 17.84% for the last 200 days.
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 12.12% 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 -0.57% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +18.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.39% upper at present.
During the last 5 trading sessions, BAM rose by +1.47%, which changed the moving average for the period of 200-days by +22.62% in comparison to the 20-day moving average, which settled at $45.49. In addition, Brookfield Asset Management Ltd saw 18.89% 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 9.0. The receivables turnover for the company is 2.92for trailing twelve months and the total asset turnover is 0.54.
Conclusion
In conclusion, Brookfield Asset Management Ltd (BAM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
