Assetmark Financial Holdings Inc [AMK] stock is trading at $35.24, down -0.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMK shares have gain 0.46% over the last week, with a monthly amount glided 1.85%, 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.
Assetmark Financial Holdings Inc [AMK] stock has fluctuated 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 $35.24 at the most recent close of the market. An investor can expect a potential return of 16.35% based on the average AMK price forecast.
Analyzing the AMK fundamentals
Assetmark Financial Holdings Inc [NYSE:AMK] reported sales of 737.46M for the trailing twelve months, which represents a growth of 8.33%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.3%, 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 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 35.23 points at the first support level, and at 35.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.26, and for the 2nd resistance point, it is at 35.28.
Ratios To Look Out For
For context, Assetmark Financial Holdings Inc’s Current Ratio is 3.27. Further, the Quick Ratio stands at 3.27, while the Cash Ratio is 2.45. Considering the valuation of this stock, the price to sales ratio is 3.58, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 18.43.
Transactions by insiders
Recent insider trading involved Zyla Gary G., EVP, Chief Financial Officer, that happened on Jun 10 ’24 when 7786.0 shares were sold. HR & Digital Product Solutions, Minta-Jacobs Esi completed a deal on Jun 10 ’24 to sell 2529.0 shares. Meanwhile, EVP, Chief Information Officer Mehta Mukesh sold 8880.0 shares on Jun 10 ’24.
