As of Friday close, Brookfield Corporation’s (NYSE:BN) stock was down -$0.79, moving down -2.69 percent to $28.62. The average number of shares traded per day over the past five days has been 4,949,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.37 fall in that time frame. In the last twenty days, the average volume was 3,697,020, while in the previous 50 days, it was 2,841,856.
Since last month, BN stock retreated -21.55%. Shares of the company fell to $28.25 on 03/16/23, the lowest level in the past month. A 52-week high of $48.19 was reached on 02/09/23 after having rallying from a 52-week low of $28.25. Since the beginning of this year, BN’s stock price has dropped by -9.03% or -$2.84, and marked a new high 14 times. However, the stock has declined by -40.61% since its 52-week high.
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Right now, Brookfield Corporation (BN) has a P/E ratio of about 24.46. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.53, the price-to-book (PB) ratio of 1.11.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 5.04, and the total debt-to-equity ratio was 5.06. On the profitability front, the trailing twelve-month gross margin is 17.50% percent. In the year ended December 30, operating margins totaled 13.70%. Based on annual data, BN earned $21.94 billion in gross profit and brought in $92.77 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.40%. Return on equity (ROE) for the past 12 months was 8.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Brookfield Corporation to report $0.95 quarterly earnings, the actual figure was -$0.32 per share, beating the consensus estimate by -133.70%. During the quarter, the company generated $5.62 billion in EBITDA. The liabilities of Brookfield Corporation were 285.17 billion at the end of its most recent quarter ended December 30, and its total debt was $214.39 billion.
This quick technical analysis looks at Brookfield Corporation’s (BN) price momentum. With a historical volatility rate of 34.64%, the RSI 9-day stood at 23.09% on 17 March.
With respect to its five-day moving average, the current Brookfield Corporation price is down by -4.57% percent or -$1.37. At present, BN shares trade -20.52% below its 20-day simple moving average and -25.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.01% below its SMA50 and -43.44% below its SMA200.
Stochastic coefficient K was 11.13% and Stochastic coefficient D was 9.86%, while ATR was 1.09. Given the Stochastic reading of 6.11% for the 14-day period, the RSI (14) reading has been calculated as 25.44%. As of today, the MACD Oscillator reading stands at -1.24, while the 14-day reading stands at -2.41.
Brookfield Corporation downgraded its rating on Brookfield Corporation (NYSE: BN) to a Neutral in a note to investors on February 06, 2023. The analysts firm previously had an Outperform rating on the stock.Brookfield Corporation (BN) has been rated Overweight by analysts. According to 0 brokerage firms, BN is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Brookfield Corporation stock as buy, with 9 recommending it as overweight.
With a median target price of $49.00, the current consensus forecast for the stock is $33.00 – $62.00. Based on these forecasts, analysts predict Brookfield Corporation (BN) will achieve an average price target of $48.84.