As of Friday close, Brookfield Asset Management Ltd.’s (NYSE:BAM) stock was up $0.2, moving up 0.60 percent to $33.58. The average number of shares traded per day over the past five days has been 816,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.55 fall in that time frame. In the last twenty days, the average volume was 992,535, while in the previous 50 days, it was 1,118,968.
Since last month, BAM stock rose 0.39%. Shares of the company fell to $31.78 on 08/03/23, the lowest level in the past month. Since the beginning of this year, BAM’s stock price has risen by 17.13% or $4.91, and marked a new high 16 times. However, the stock has declined by -8.00% since its 52-week high.
BAM stock investors should be aware that Brookfield Asset Management Ltd. (BAM) stock had its last reported insider trading activity 143 days ago on Mar 29. Brookfield Multi-Strategy Mast, the Director of the company, disposed of 50,256 shares for $11.94 on Mar 29. It resulted in a $599,805 divestment by the insider. Brookfield Multi-Strategy Mast sold 24,744 shares at an average price of $11.96 on Mar 28. The insider now owns 21,104,923 shares following the transaction. On Dec 01, BROOKFIELD ASSET MANAGEMENT IN sold 970,000 shares at $24.53 apiece. The transaction was valued at $23,794,100.
Valuation Metrics
Right now, Brookfield Asset Management Ltd. (BAM) has a P/E ratio of about 6.67. Besides these, the trailing price-to-sales (P/S) ratio of 3.50, the price-to-book (PB) ratio of 1.46.
The latest dividend of $0.32 per share was paid out, remained unchanged from last year’s $0.32.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.01, and the total debt-to-equity ratio was 0.01. In the year ended June 29, operating margins totaled 63.80%.
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 17.10%. Return on equity (ROE) for the past 12 months was 24.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Brookfield Asset Management Ltd. to report $0.32 quarterly earnings, the actual figure was $0.32 per share. During the quarter, the company generated -$3.0 million in EBITDA. The liabilities of Brookfield Asset Management Ltd. were 934.0 million at the end of its most recent quarter ended June 29, and its total debt was $195.0 million.
Technical Picture
This quick technical analysis looks at Brookfield Asset Management Ltd.’s (BAM) price momentum. With a historical volatility rate of 29.72%, the RSI 9-day stood at 47.97% on 18 August.
With respect to its five-day moving average, the current Brookfield Asset Management Ltd. price is down by -4.41% percent or -$1.55. At present, BAM shares trade -0.68% below its 20-day simple moving average and +8.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.70% above its SMA50.
Stochastic coefficient K was 48.19% and Stochastic coefficient D was 58.27%, while ATR was 0.81. Given the Stochastic reading of 47.75% for the 14-day period, the RSI (14) reading has been calculated as 50.66%. As of today, the MACD Oscillator reading stands at -0.51, while the 14-day reading stands at -0.03.
Analyst Ratings
Brookfield Asset Management Ltd. (BAM) has been rated Overweight by analysts. According to 2 brokerage firms, BAM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Brookfield Asset Management Ltd. stock as buy, with 5 recommending it as overweight.
With a median target price of $39.00, the current consensus forecast for the stock is $21.00 – $48.00. Based on these forecasts, analysts predict Brookfield Asset Management Ltd. (BAM) will achieve an average price target of $37.22.
