Brookfield Asset Management Ltd (NYSE: BAM) is -7.18% lower on its value in year-to-date trading and has touched a low of $37.29 and a high of $62.61 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 $53.97 in the last trading session, with the day’s loss setting it -3.67%.
Currently trading at $50.30, the stock is -11.70% and -11.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing -6.80% at the moment leaves the stock 3.66% off its SMA200. BAM registered 21.15% gain for a year compared to 6-month gain of 23.62%.
The stock witnessed a -11.96% loss in the last 1 month and extending the period to 3 months gives it a -11.85%, and is -10.51% 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 4.07% over the week and 3.20% over the month.
Brookfield Asset Management Ltd (BAM) has around 2400 employees, a market worth around $82.35B and $522.00M in sales. Current P/E ratio is 45.74 and Fwd P/E is 25.50. Profit margin for the company is 86.21%. Distance from 52-week low is 34.89% and -19.66% from its 52-week high. The company has generated returns on investments over the last 12 months (13.99%).
with sales reaching $1.27B over the same period.The EPS is expected to grow by 15.71% this year, but quarterly earnings will post 33.54% year-over-year. Quarterly sales are estimated to grow 44.08% in year-over-year returns.
The shares outstanding are 1.64B, and float is at 501.68M with Short Float at 2.15%.
The top institutional shareholder in the company is PARTNERS VALUE INVESTMENTS LP with over 30.81 million shares valued at $1.17 billion. The investor’s holdings represent 7.4535 of the BAM Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 23.75 million shares valued at $903.65 million to account for 5.7455 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.3 million shares representing 5.4538 and valued at over $620.33 million, while FMR LLC holds 5.0088 of the shares totaling 20.7 million with a market value of $787.93 million.
