Assetmark Financial Holdings Inc (NYSE: AMK) is 13.12% higher on its value in year-to-date trading and has touched a low of $22.92 and a high of $37.54 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 AMK stock was last observed hovering at around $33.86 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $33.88, the stock is -2.07% and -3.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 0.06% at the moment leaves the stock 14.46% off its SMA200. AMK registered 25.20% gain for a year compared to 6-month gain of 34.98%.
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The stock witnessed a -6.02% loss in the last 1 month and extending the period to 3 months gives it a 8.21%, and is -0.21% 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 0.41% over the week and 1.65% over the month.
Assetmark Financial Holdings Inc (AMK) has around 990 employees, a market worth around $2.52B and $722.20M in sales. Current P/E ratio is 17.61 and Fwd P/E is 12.17. Profit margin for the company is 19.92%. Distance from 52-week low is 47.82% and -9.75% from its 52-week high. The company has generated returns on investments over the last 12 months (10.07%).
The EPS is expected to grow by 13.91% this year
The shares outstanding are 74.37M, and float is at 22.03M with Short Float at 0.79%.
Assetmark Financial Holdings Inc (AMK) Insider Activity
The most recent transaction is an insider sale by Kim Michael, the company’s CEO and President. SEC filings show that Kim Michael sold 11,833 shares of the company’s common stock on Mar 04 ’24 at a price of $35.18 per share for a total of $0.42 million. Following the sale, the insider now owns 0.36 million shares.
Assetmark Financial Holdings Inc disclosed in a document filed with the SEC on Dec 06 ’23 that Hansen Carrie E. (EVP, Chief Operating Officer) sold a total of 11,500 shares of the company’s common stock. The trade occurred on Dec 06 ’23 and was made at $26.18 per share for $0.3 million. Following the transaction, the insider now directly holds 0.15 million shares of the AMK stock.
Still, SEC filings show that on Nov 17 ’23, McNatt Joel David JR (EVP, Investment Solutions) disposed off 4,000 shares at an average price of $25.17 for $0.1 million. The insider now directly holds 56,319 shares of Assetmark Financial Holdings Inc (AMK).
