Brookfield Asset Management Ltd (NYSE:BAM) shares, rose in value, with the stock price up by 1.87% to the previous day’s close as strong demand from buyers drove the stock to $39.70.
Actively observing the price movement in the last trading, the stock closed the session at $38.97. The PE ratio was 8.66 over 12-month period. Referring to stock’s 52-week performance, its high was $43.00, and the low was $28.35. On the whole, BAM has fluctuated by -5.02% over the past month.
The company’s Forward Dividend Ratio is 1.34, with its dividend yield at 3.38%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.91B, with a low estimate of 1.09B and a high estimate of 1.14B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BAM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.50, with the price of BAM currently trading nearly -0.95% and -2.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.62, while the 7-day volatility ratio is showing 2.57% which for the 30-day chart, stands at 2.31%. Furthermore, Brookfield Asset Management Ltd (BAM)’s beta value is 1.68, and its average true range (ATR) is 0.97.
A comparison of Brookfield Asset Management Ltd (BAM) with its peers suggests the former has fared considerably weaker in the market. BAM showed an intraday change of 1.87% in last session, and over the past year, it grew by 23.10%%.
Data on historical trading for Brookfield Asset Management Ltd (NYSE:BAM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.20 million. According to company’s latest data on outstanding shares, there are 388.73 million shares outstanding.
Nearly 16.24% of Brookfield Asset Management Ltd’s shares belong to company insiders and institutional investors own 62.35% of the company’s shares. The stock has fallen by -1.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BAM stock heading into the next quarter.
