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Assetmark Financial Holdings Inc (NYSE: AMK) closed the day trading at $33.89 down -2.89% from the previous closing price of $34.90. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 3.83 million shares were traded. AMK stock price reached its highest trading level at $34.2 during the session, while it also had its lowest trading level at $33.85.
Ratios:
For a better understanding of AMK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.67. 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.
On January 23, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $24 to $32.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2596532992 and an Enterprise Value of 2409302272. As of this moment, Assetmark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.52, and their Forward P/E ratio for the next fiscal year is 11.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.64. 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 1.99. Its current Enterprise Value per Revenue stands at 3.401 whereas that against EBITDA is 11.289.
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 -2.93%, while the 200-Day Moving Average is calculated to be 15.03%.
Shares Statistics:
Over the past 3-months, AMK traded about 219.63K shares per day on average, while over the past 10 days, AMK traded about 590870 shares per day. 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 29.08% stake in the company. Shares short for AMK as of 1713139200 were 173984 with a Short Ratio of 0.79, compared to 1710460800 on 203959. Therefore, it implies a Short% of Shares Outstanding of 173984 and a Short% of Float of 0.77.
