Brookfield Corporation (NYSE: BN) is -3.49% lower on its value in year-to-date trading and has touched a low of $28.84 and a high of $43.17 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 BN stock was last observed hovering at around $38.99 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $38.72, the stock is -5.09% and -5.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.46 million and changing -0.69% at the moment leaves the stock 6.83% off its SMA200. BN registered 19.14% gain for a year compared to 6-month gain of 20.36%.
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The stock witnessed a -5.56% loss in the last 1 month and extending the period to 3 months gives it a -0.56%, and is -5.81% 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 2.45% over the week and 2.12% over the month.
Brookfield Corporation (BN) has around 240000 employees, a market worth around $63.53B and $102.42B in sales. Current P/E ratio is 63.29 and Fwd P/E is 10.07. Profit margin for the company is 0.94%. Distance from 52-week low is 34.26% and -10.30% from its 52-week high. The company has generated returns on investments over the last 12 months (0.41%).
The EPS is expected to grow by 7.63% this year.
Brookfield Corporation (BN) Top Institutional Holders
The shares outstanding are 1.52B, and float is at 1.36B with Short Float at 0.83%.
Brookfield Corporation (BN) Insider Activity
The most recent transaction is an insider sale by OCM Growth Holdings LLC,the company’sDirector. SEC filings show that OCM Growth Holdings LLC sold 1,000,000 shares of the company’s common stock on Mar 18 ’24 at a price of $11.33 per share for a total of $11.33 million. Following the sale, the insider now owns 15.49 million shares.
Brookfield Corporation disclosed in a document filed with the SEC on Jan 02 ’24 that BCP GP Ltd (Former 10% Owner) sold a total of 3,922,786 shares of the company’s common stock. The trade occurred on Jan 02 ’24 and was made at $2.20 per share for $8.63 million. Following the transaction, the insider now directly holds 23.35 million shares of the BN stock.
Still, SEC filings show that on Dec 29 ’23, BCP GP Ltd (10% Owner) disposed off 129,022 shares at an average price of $2.22 for $0.29 million. The insider now directly holds 27,275,612 shares of Brookfield Corporation (BN).
