Brookfield Asset Management Ltd (NYSE:BAM) shares, rose in value on Friday, January 03, with the stock price up by 0.63% to the previous day’s close as strong demand from buyers drove the stock to $54.68.
Actively observing the price movement in the last trading, the stock closed the session at $54.34, falling within a range of $54.12 and $55.13. The PE ratio was 49.72 over 12-month period. Referring to stock’s 52-week performance, its high was $59.58, and the low was $37.19. On the whole, BAM has fluctuated by -4.56% over the past month.
With the market capitalization of Brookfield Asset Management Ltd currently standing at about $22.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.52, with its dividend yield at 2.78%.
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 50% Buy 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.30, with the price of BAM currently trading nearly -2.47% and -1.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.92, while the 7-day volatility ratio is showing 1.95% which for the 30-day chart, stands at 2.38%. Furthermore, Brookfield Asset Management Ltd (BAM)’s beta value is 1.43, and its average true range (ATR) is 1.31.
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 0.63% in last session, and over the past year, it grew by 44.01%%.
Data on historical trading for Brookfield Asset Management Ltd (NYSE:BAM) indicates that the trading volumes over the past 10 days have averaged 0.67 and over the past 3 months, they’ve averaged 959.54K. According to company’s latest data on outstanding shares, there are 419.63 million shares outstanding.
Nearly 67.09% of Brookfield Asset Management Ltd’s shares belong to company insiders and institutional investors own 68.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.28 million shares as on 2024-12-13, resulting in a short ratio of 8.34. According to the data, the short interest in Brookfield Asset Management Ltd (BAM) stood at 188.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 8.32 million. The stock has risen by 0.90% 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.
