As of Friday close, Brookfield Corporation’s (NYSE:BN) stock was down -$0.21, moving down -0.64 percent to $32.83. The average number of shares traded per day over the past five days has been 2,380,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.19 fall in that time frame. In the last twenty days, the average volume was 2,100,190, while in the previous 50 days, it was 2,173,846.
Since last month, BN stock rose 0.64%. Shares of the company fell to $31.99 on 08/23/23, the lowest level in the past month. A 52-week high of $38.72 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 risen by 4.35% or $1.37, and marked a new high 14 times. However, the stock has declined by -15.21% since its 52-week high.
BN stock investors should be aware that Brookfield Corporation (BN) stock had its last reported insider trading activity 93 days ago on Jun 22. OCM Opps EB Holdings Ltd., the 10% Owner of the company, disposed of 3,781,561 shares for $58.00 on Jun 22. It resulted in a $219,330,538 divestment by the insider. Brookfield Multi-Strategy Mast sold 50,256 shares at an average price of $11.94 on Mar 29. The insider now owns 21,054,667 shares following the transaction. On Mar 28, Director Brookfield Multi-Strategy Mast sold 24,744 shares at $11.96 apiece. The transaction was valued at $295,988.
Valuation Metrics
Right now, Brookfield Corporation (BN) has a P/E ratio of about 353.01. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.57, the price-to-book (PB) ratio of 1.27.
The latest dividend of $0.07 per share was paid out, remained unchanged from last year’s $0.07.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 5.38, and the total debt-to-equity ratio was 5.43. On the profitability front, the trailing twelve-month gross margin is 15.70% percent. In the year ended June 29, operating margins totaled 4.20%. Based on annual data, BN earned $14.26 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 2.00%. Return on equity (ROE) for the past 12 months was 0.40%.
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 $0.87 quarterly earnings, the actual figure was $0.04 per share, beating the consensus estimate by -95.40%. During the quarter, the company generated $5.95 billion in EBITDA. The liabilities of Brookfield Corporation were 307.55 billion at the end of its most recent quarter ended June 29, and its total debt was $219.7 billion.
Technical Picture
This quick technical analysis looks at Brookfield Corporation’s (BN) price momentum. With a historical volatility rate of 34.03%, the RSI 9-day stood at 33.05% on 22 September.
With respect to its five-day moving average, the current Brookfield Corporation price is down by -8.86% percent or -$3.19. At present, BN shares trade +1.26% above its 20-day simple moving average and +2.02% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.03% below its SMA50 and -25.64% below its SMA200.
Stochastic coefficient K was 21.34% and Stochastic coefficient D was 44.64%, while ATR was 0.92. Given the Stochastic reading of 4.51% for the 14-day period, the RSI (14) reading has been calculated as 40.01%. As of today, the MACD Oscillator reading stands at -1.26, while the 14-day reading stands at -0.96.
Analyst Ratings
Brookfield Corporation downgraded its rating on Brookfield Corporation (NYSE: BN) to a Hold in a note to investors on August 11, 2023. The analysts firm previously had a Buy rating on the stock.Brookfield Corporation (BN) has been rated Overweight by analysts. According to 0 brokerage firms, BN is a sell, and 2 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 7 recommending it as overweight.
With a median target price of $47.00, the current consensus forecast for the stock is $33.00 – $65.00. Based on these forecasts, analysts predict Brookfield Corporation (BN) will achieve an average price target of $47.20.
