In the past week, BAM stock has gone down by -2.79%, with a monthly gain of 9.02% and a quarterly surge of 37.23%. The volatility ratio for the week is 1.82%, and the volatility levels for the last 30 days are 2.44% for Brookfield Asset Management Ltd The simple moving average for the past 20 days is -0.07% for BAM’s stock, with a 28.29% simple moving average for the past 200 days.
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 50.01x compared to its average ratio. BAM has 36-month beta value of 1.41. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 2 as “sell.”
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The public float for BAM is 136.71M, and currently, short sellers hold a 5.83% ratio of that float. The average trading volume of BAM on November 21, 2024 was 1.12M shares.
BAM) stock’s latest price update
The stock price of Brookfield Asset Management Ltd (NYSE: BAM) has plunged by -1.15 when compared to previous closing price of 55.64, but the company has seen a -2.79% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-20 that BAM and SHOP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 20, 2024.
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 8.46% 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 -6.03% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +8.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.24% upper at present.
During the last 5 trading sessions, BAM fell by -2.79%, which changed the moving average for the period of 200-days by +38.54% in comparison to the 20-day moving average, which settled at $55.04. In addition, Brookfield Asset Management Ltd saw 36.92% 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
- 0.26 for the gross margin
The net margin for Brookfield Asset Management Ltd stands at 0.65. The total capital return value is set at 0.23. Equity return is now at value 16.74, with 12.01 for asset returns.
Currently, EBITDA for the company is 522.0 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 12.43. The receivables turnover for the company is 1.44for trailing twelve months and the total asset turnover is 0.31.
Conclusion
To put it simply, Brookfield Asset Management Ltd (BAM) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
