Brookfield Asset Management Inc. (NYSE:BAM) shares, rose in value on Friday, May 13, with the stock price up by 4.18% to the previous day’s close as strong demand from buyers drove the stock to $47.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $45.43, falling within a range of $44.125 and $46.43. The value of beta (5-year monthly) is 1.40 whereas the PE ratio is 18.83 over 12-month period. Referring to stock’s 52-week performance, its high was $62.47, and the low was $44.12. On the whole, BAM has fluctuated by -15.64% over the past month.
With the market capitalization of Brookfield Asset Management Inc. currently standing at about $72.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 09, 2022 – Feb 14, 2022. The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 1.23%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.76, which is expected to increase to $0.83 for fiscal year $2.68 and then to about $2.93 by fiscal year 2022. Data indicates that the EPS growth is expected to be 2,333.30% in 2022, while the next year’s EPS growth is forecast to be 9.30%.
Analysts have estimated the company’s revenue for the quarter at $854 million, with a low estimate of $854 million and a high estimate of $854 million. According to the average forecast, sales growth in current quarter could jump down -94.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $3.54 billion, representing a decrease of -94.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BAM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.00, with the price of BAM currently trading nearly -6.68% and -11.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.63, while the 7-day volatility ratio is showing 3.73% which for the 30-day chart, stands at 3.22%. Furthermore, Brookfield Asset Management Inc. (BAM)’s beta value is 1.31, and its average true range (ATR) is 1.72.
A comparison of Brookfield Asset Management Inc. (BAM) with its peers suggests the former has fared considerably weaker in the market. BAM showed an intraday change of 4.18% in today’s session so far, and over the past year, it grew by 0.48%%. In comparison, CF Industries Holdings Inc. (CF) has moved higher at 6.25% today and is up 84.11% over the past 12 months. On the other hand, the price of Canadian Imperial Bank of Commerce (CM) has risen 1.14% today. The stock, however, is off -4.28% from where it was a year ago. Additionally, there is a gain of 2.64% for BlackRock Inc. (BLK) in recent trading while the stock has seen an overall depriciation of -28.44%% over the past year. The PE ratio stands at 18.83 for Brookfield Asset Management Inc., compared to 23.24 for CF Industries Holdings Inc., and 9.23 for Canadian Imperial Bank of Commerce. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.14%. Meanwhile, the Dow Jones Industrial Improved by 1.46%.
Data on historical trading for Brookfield Asset Management Inc. (NYSE:BAM) indicates that the trading volumes over the past 10 days have averaged 2.39 million and over the past 3 months, they’ve averaged 1.69 million. According to company’s latest data on outstanding shares, there are 1.57 billion shares outstanding.
Nearly 12.90% of Brookfield Asset Management Inc.’s shares belong to company insiders and institutional investors own 74.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.17 million shares as on Jan 13, 2022, resulting in a short ratio of 4.76. According to the data, the short interest in Brookfield Asset Management Inc. (BAM) stood at 0.39% of shares outstanding as of Jan 13, 2022; the number of short shares registered in Dec 14, 2021 reached 7.58 million. The stock has fallen by -24.76% 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.