Assetmark Financial Holdings Inc [AMK] stock prices are down -0.14% to $34.60 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMK shares have lost -0.12% over the last week, with a monthly amount glided 0.29%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Assetmark Financial Holdings Inc [NYSE: AMK] stock has seen the most recent analyst activity on April 26, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $37 for it. Previously, William Blair downgraded its rating to Mkt Perform on April 25, 2024. On January 23, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $32 on the stock. Raymond James upgraded its rating to a Strong Buy but $34 remained the price target by the analyst firm on May 11, 2021. Truist started tracking with a Hold rating for this stock on December 18, 2020, and assigned it a price target of $27. In a note dated September 23, 2020, Jefferies initiated an Hold rating and provided a target price of $24 on this stock.
The stock price of Assetmark Financial Holdings Inc [AMK] has been fluctuating between $22.92 and $37.54 over the past year. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Assetmark Financial Holdings Inc [NYSE: AMK] shares were valued at $34.60 at the most recent close of the market. An investor can expect a potential return of 18.5% based on the average AMK price forecast.
Analyzing the AMK fundamentals
The Assetmark Financial Holdings Inc [NYSE:AMK] reported sales of 737.46M for trailing twelve months, representing a surge of 8.33%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.11 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.38 points at the first support level, and at 34.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.74, and for the 2nd resistance point, it is at 34.87.
Ratios To Look Out For
It’s worth pointing out that Assetmark Financial Holdings Inc [NYSE:AMK]’s Current Ratio is 3.27. As well, the Quick Ratio is 4.65, while the Cash Ratio is 2.45. Considering the valuation of this stock, the price to sales ratio is 3.49, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 18.09.
Transactions by insiders
Recent insider trading involved Hansen Carrie E., EVP, Chief Operating Officer, that happened on Jun 10 ’24 when 10611.0 shares were sold. EVP, General Counsel, Angus Ted F. completed a deal on Jun 10 ’24 to sell 9634.0 shares. Meanwhile, CEO and President Kim Michael sold 9445.0 shares on Jun 10 ’24.
