Brookfield Asset Management Ltd (NYSE: BAM) is -8.93% 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 $49.69 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $49.35, the stock is -4.52% and -10.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing -0.68% at the moment leaves the stock 0.87% off its SMA200. BAM registered 21.70% gain for a year compared to 6-month gain of 8.34%. The firm has a 50-day simple moving average (SMA 50) of $55.1232 and a 200-day simple moving average (SMA200) of $48.9239.
The stock witnessed a -18.69% loss in the last 1 month and extending the period to 3 months gives it a -15.99%, and is 8.18% 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 2.84% over the week and 3.62% over the month.
Brookfield Asset Management Ltd (BAM) has around 2500 employees, a market worth around $80.80B and $482.00M in sales. Current P/E ratio is 38.02 and Fwd P/E is 25.07. Profit margin for the company is 112.24%. Distance from 52-week low is 32.34% and -21.18% from its 52-week high. The company has generated returns on investments over the last 12 months (16.66%).
with sales reaching $1.27B over the same period.The EPS is expected to grow by 15.54% this year, but quarterly earnings will post 33.39% year-over-year. Quarterly sales are estimated to grow 43.89% in year-over-year returns.
836.0 institutions hold shares in Brookfield Asset Management Ltd (BAM), with institutional investors hold 93.50% of the company’s shares. The shares outstanding are 1.64B, and float is at 1.33B with Short Float at 1.03%. Institutions hold 89.98% of the Float.
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.
