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Brookfield Corporation (BN) – Don’t Be So Quick to Call it Dead

Brookfield Corporation (NYSE: BN) is 9.65% higher on its value in year-to-date trading and has touched a low of $28.84 and a high of $43.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BN stock was last observed hovering at around $43.73 in the last trading session, with the day’s gains setting it 0.26%.

Currently trading at $43.99, the stock is 8.88% and 7.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.64 million and changing 0.59% at the moment leaves the stock 19.54% off its SMA200. BN registered 38.07% gain for a year compared to 6-month gain of 35.90%.

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The stock witnessed a 7.01% loss in the last 1 month and extending the period to 3 months gives it a 10.67%, and is 7.37% up 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 1.96% over the week and 2.21% over the month.

Brookfield Corporation (BN) has around 240000 employees, a market worth around $72.18B and $102.42B in sales. Current P/E ratio is 71.90 and Fwd P/E is 10.77. Profit margin for the company is 0.94%. Distance from 52-week low is 52.53% and 0.00% 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 9.78% this year

The shares outstanding are 1.52B, and float is at 1.36B with Short Float at 0.80%.

Brookfield Corporation (BN) Insider Activity

The most recent transaction is an insider sale by Oaktree Capital Group Holdings, the company’s 10% Owner. SEC filings show that Oaktree Capital Group Holdings sold 7,131 shares of the company’s common stock on Apr 24 ’24 at a price of $21.75 per share for a total of $0.16 million. Following the sale, the insider now owns 0.0 shares.

Brookfield Corporation disclosed in a document filed with the SEC on Mar 18 ’24 that OCM Growth Holdings LLC (Director) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $11.33 per share for $11.33 million. Following the transaction, the insider now directly holds 15.49 million shares of the BN stock.

Still, SEC filings show that on Jan 02 ’24, BCP GP Ltd (Former 10% Owner) disposed off 3,922,786 shares at an average price of $2.20 for $8.63 million. The insider now directly holds 23,352,826 shares of Brookfield Corporation (BN).

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