Brookfield Asset Management Ltd. (NYSE:BAM) saw a downside of -0.58% to $32.84 after subtracting -$0.19 on Tuesday. The 5-day average trading volume is 1,010,895 shares of the company’s common stock. It has gained $33.33 in the past week and touched a new high 2 times within the past 5 days. An average of 975,454 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,132,430.
BAM’s 1-month performance is 3.92% or $0.85 on its low of $31.43 reached on 07/10/23. The company’s shares have touched a 52-week low of $26.76 and high of $36.50. YTD, BAM has achieved 14.54% or $4.11 and has reached a new high 16 times. However, the current price is down -10.03% from the 52-week high price.
Insider Transactions
BAM stock investors last saw insider trading activity on Mar 29.Brookfield Multi-Strategy Mast (Director) most recently sold 50,256 shares at $11.94 per share on Mar 29. This transaction cost the insider $599,805. Director, Brookfield Multi-Strategy Mast, sold 24,744 shares at a price of $11.96 on Mar 28. Then, on Dec 01, BROOKFIELD ASSET MANAGEMENT IN sold 970,000 shares at a price of $24.53 per share. This transaction amounted to $23,794,100.
Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.39 while the price-to-book (PB) in the most recent quarter is 1.42.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income shrunk -14673.68% to $19.0 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BAM to announce $0.32 per share in earnings in its latest quarter, but it posted $0.34, representing a 6.30% surprise.
Let’s look briefly at Brookfield Asset Management Ltd. (BAM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 45.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.79%.
The stock’s 5-day moving average is $32.66, reflecting a -1.68% or -$0.56 change from its current price. BAM is currently trading +3.96% above its 20-day SMA, +6.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.67%.
Stochastic %K and %D was 41.45% and 33.68% and the average true range (ATR) pointed at 0.70. The RSI (14) points at 48.31%, while the 14-day stochastic is at 36.88% with the period’s ATR at 0.71. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.46 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for BAM stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate BAM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is BAM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $21.00 and a high of $47.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Brookfield Asset Management Ltd. (BAM) stock is $36.44.
