Brookfield Asset Management Ltd (NYSE: BAM) kicked off on Friday, up 0.98% from the previous trading day, before settling in for the closing price of $51.05. Over the past 52 weeks, BAM has traded in a range of $28.35-$51.40.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 209.08%. While this was happening, its average annual earnings per share was recorded 3.32%. With a float of $350.33 million, this company’s outstanding shares have now reached $388.73 million.
The extent of productivity of a business whose workforce counts for 2400 workers is very important to gauge. In terms of profitability, gross margin is 83.51%, operating margin of 57.02%, and the pretax margin is 64.7%.
Brookfield Asset Management Ltd (BAM) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Asset Management Industry. The insider ownership of Brookfield Asset Management Ltd is 16.36%, while institutional ownership is 68.81%.
Brookfield Asset Management Ltd (BAM) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.35 earnings per share (EPS), higher than consensus estimate (set at 0.32) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.32% per share during the next fiscal year.
Brookfield Asset Management Ltd (NYSE: BAM) Trading Performance Indicators
Take a look at Brookfield Asset Management Ltd’s (BAM) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 55.37. Likewise, its price to free cash flow for the trailing twelve months is 37.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.11, a number that is poised to hit 0.36 in the next quarter and is forecasted to reach 1.67 in one year’s time.
Technical Analysis of Brookfield Asset Management Ltd (BAM)
The latest stats from [Brookfield Asset Management Ltd, BAM] show that its last 5-days average volume of 1.12 million was inferior to 1.27 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 95.36%. Additionally, its Average True Range was 0.97.
During the past 100 days, Brookfield Asset Management Ltd’s (BAM) raw stochastic average was set at 99.23%, which indicates a significant increase from 97.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.39% in the past 14 days, which was lower than the 26.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.51, while its 200-day Moving Average is $41.13. Now, the first resistance to watch is $51.88. This is followed by the second major resistance level at $52.21. The third major resistance level sits at $52.75. If the price goes on to break the first support level at $51.00, it is likely to go to the next support level at $50.46. Assuming the price breaks the second support level, the third support level stands at $50.13.
Brookfield Asset Management Ltd (NYSE: BAM) Key Stats
The company with the Market Capitalisation of 21.59 billion has total of 443,749K Shares Outstanding. Its annual sales at the moment are 383,000 K in contrast with the sum of 451,000 K annual income. Company’s last quarter sales were recorded 48,000 K and last quarter income was 124,000 K.
