Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Assetmark Financial Holdings Inc (NYSE: AMK) closed at $33.79 down -0.41% from its previous closing price of $33.93. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 1.1 million shares were traded. AMK stock price reached its highest trading level at $34.04 during the session, while it also had its lowest trading level at $33.76.
Ratios:
For a deeper understanding of Assetmark Financial Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.63. For the most recent quarter (mrq), Quick Ratio is recorded 3.84 and its Current Ratio is at 3.84. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
JP Morgan Upgraded its Neutral to Overweight on January 23, 2023, whereas the target price for the stock was revised from $24 to $32.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 04 ’24 when Kim Michael sold 11,833 shares for $35.18 per share. The transaction valued at 416,285 led to the insider holds 364,777 shares of the business.
Hansen Carrie E. sold 11,500 shares of AMK for $301,070 on Dec 06 ’23. The EVP, Chief Operating Officer now owns 145,193 shares after completing the transaction at $26.18 per share. On Nov 17 ’23, another insider, McNatt Joel David JR, who serves as the EVP, Investment Solutions of the company, sold 4,000 shares for $25.17 each. As a result, the insider received 100,680 and left with 56,319 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMK now has a Market Capitalization of 2524366592 and an Enterprise Value of 2401864704. As of this moment, Assetmark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.46, and their Forward P/E ratio for the next fiscal year is 11.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.55 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 3.39 whereas that against EBITDA is 11.254.
Stock Price History:
The Beta on a monthly basis for AMK is 1.11, which has changed by 0.15838194 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, AMK has reached a high of $37.54, while it has fallen to a 52-week low of $22.92. The 50-Day Moving Average of the stock is -3.52%, while the 200-Day Moving Average is calculated to be 14.54%.
Shares Statistics:
For the past three months, AMK has traded an average of 307.04K shares per day and 829460 over the past ten days. A total of 74.37M shares are outstanding, with a floating share count of 21.75M. Insiders hold about 70.77% of the company’s shares, while institutions hold 29.07% stake in the company. Shares short for AMK as of 1713139200 were 173984 with a Short Ratio of 0.57, compared to 1710460800 on 203959. Therefore, it implies a Short% of Shares Outstanding of 173984 and a Short% of Float of 0.77.
Earnings Estimates
The current market rating for Assetmark Financial Holdings Inc (AMK) reflects the collective analysis of 4.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.6 for the current quarter, with a high estimate of $0.64 and a low estimate of $0.58, while EPS last year was $0.53. The consensus estimate for the next quarter is $0.65, with high estimates of $0.7 and low estimates of $0.59.
Analysts are recommending an EPS of between $2.75 and $2.55 for the fiscal current year, implying an average EPS of $2.66. EPS for the following year is $2.83, with 4.0 analysts recommending between $2.87 and $2.8.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $146.6M this quarter.It ranges from a high estimate of $154.7M to a low estimate of $140.71M. As of the current estimate, Assetmark Financial Holdings Inc’s year-ago sales were $132.57MFor the next quarter, 4 analysts are estimating revenue of $153.07M. There is a high estimate of $159.1M for the next quarter, whereas the lowest estimate is $147M.
A total of 4 analysts have provided revenue estimates for AMK’s current fiscal year. The highest revenue estimate was $644M, while the lowest revenue estimate was $597M, resulting in an average revenue estimate of $617.28M. In the same quarter a year ago, actual revenue was $546.08MBased on 4 analysts’ estimates, the company’s revenue will be $666.77M in the next fiscal year. The high estimate is $711.6M and the low estimate is $645M.
