Brookfield Asset Management Ltd (NYSE: BAM)’s stock price has dropped by -0.42 in relation to previous closing price of 47.23. Nevertheless, the company has seen a loss of -1.14% in its stock price over the last five trading days. globenewswire.com reported 2024-10-08 that New data from “The Alts Institute” provides key insights into the value of alternatives in end investor portfolios New data from “The Alts Institute” provides key insights into the value of alternatives in end investor portfolios
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 that is above its average at 42.51x. The stock has a 36-month beta value of 1.54. Opinions on the stock are mixed, 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 350.41M, and at present, short sellers hold a 2.99% of that float. On October 09, 2024, the average trading volume of BAM was 1.03M shares.
BAM’s Market Performance
BAM stock saw an increase of -1.14% in the past week, with a monthly gain of 11.39% and a quarterly increase of 20.34%. The volatility ratio for the week is 1.67%, and the volatility levels for the last 30 days are 1.88% for Brookfield Asset Management Ltd (BAM). The simple moving average for the past 20 days is 0.89% for BAM’s stock, with a 15.42% simple moving average for the past 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 8.96% 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 -2.33% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +10.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.42% upper at present.
During the last 5 trading sessions, BAM fell by -1.14%, which changed the moving average for the period of 200-days by +20.90% in comparison to the 20-day moving average, which settled at $46.62. In addition, Brookfield Asset Management Ltd saw 17.08% 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
To sum up, Brookfield Asset Management Ltd (BAM) has seen a better 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.
