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The closing price of Assetmark Financial Holdings Inc (NYSE: AMK) was $35.04 for the day, up 0.31% from the previous closing price of $34.93. In other words, the price has increased by $0.31 from its previous closing price. On the day, 0.88 million shares were traded. AMK stock price reached its highest trading level at $35.27 during the session, while it also had its lowest trading level at $34.91.
Ratios:
Our analysis of AMK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.92. For the most recent quarter (mrq), Quick Ratio is recorded 3.27 and its Current Ratio is at 3.27. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 10 ’24 when Zyla Gary G. sold 7,786 shares for $34.40 per share. The transaction valued at 267,817 led to the insider holds 92,795 shares of the business.
Minta-Jacobs Esi sold 2,529 shares of AMK for $86,998 on Jun 10 ’24. The HR & Digital Product Solutions now owns 66,766 shares after completing the transaction at $34.40 per share. On Jun 10 ’24, another insider, Mehta Mukesh, who serves as the EVP, Chief Information Officer of the company, sold 8,880 shares for $34.40 each. As a result, the insider received 305,461 and left with 304,791 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 2622113280 and an Enterprise Value of 2435292160. As of this moment, Assetmark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.33, and their Forward P/E ratio for the next fiscal year is 12.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.56 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 3.241 whereas that against EBITDA is 10.892.
Stock Price History:
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 1.69%, while the 200-Day Moving Average is calculated to be 9.05%.
Shares Statistics:
AMK traded an average of 457.24K shares per day over the past three months and 480900 shares per day over the past ten days. A total of 74.37M shares are outstanding, with a floating share count of 22.06M. Insiders hold about 70.52% of the company’s shares, while institutions hold 39.60% stake in the company. Shares short for AMK as of 1722384000 were 1249609 with a Short Ratio of 2.73, compared to 1719532800 on 901533. Therefore, it implies a Short% of Shares Outstanding of 1249609 and a Short% of Float of 5.43.
