Brookfield Asset Management Ltd (NYSE: BAM) is -0.12% lower on its value in year-to-date trading and has touched a low of $28.35 and a high of $43.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BAM stock was last observed hovering at around $40.36 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $40.12, the stock is -3.25% and -2.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -0.59% at the moment leaves the stock 11.23% off its SMA200. BAM registered 26.01% gain for a year compared to 6-month gain of 21.65%. The firm has a 50-day simple moving average (SMA 50) of $41.70 and a 200-day simple moving average (SMA200) of $30.60.
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The stock witnessed a -4.91% loss in the last 1 month and extending the period to 3 months gives it a 2.11%, and is -2.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.46% over the week and 2.18% over the month.
Current P/E ratio is 10.42 and Fwd P/E is 22.74. Profit margin for the company is 49.14%. Distance from 52-week low is 41.52% and -6.70% from its 52-week high. The company has generated returns on investments over the last 12 months (21.22%).
Brookfield Asset Management Ltd quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $1.12B over the same period.The EPS is expected to grow by 8.77% this year, but quarterly earnings will post 12.40% year-over-year. Quarterly sales are estimated to grow 3.90% in year-over-year returns.
696 institutions hold shares in Brookfield Asset Management Ltd (BAM), with institutional investors hold 80.91% of the company’s shares. The shares outstanding are 414.50M, and float is at 347.21M with Short Float at 4.59%. Institutions hold 68.70% of the Float.
The top institutional shareholder in the company is Brookfield Corp /ON/ with over 30.53 million shares valued at $996.13 million. The investor’s holdings represent 7.40% of the BAM Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 25.72 million shares valued at $839.36 million to account for 6.23% of the shares outstanding. The other top investors are Capital World Investors which holds 18.25 million shares representing 4.42% and valued at over $595.5 million, while Royal Bank of Canada holds 4.13% of the shares totaling 17.06 million with a market value of $556.54 million.
