AMK Stock Summary and Trading Ideas (Assetmark Financial Hldgs | NYSE:AMK)

AssetMark Financial Holdings Inc is a provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. It provides an end-to-end experience, spanning nearly all elements of an adviser's engagement with the client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. In addition, the company's platform provides tools and capabilities for advisers to better manage their day-to-day business activities, giving them more time for meaningful conversations with investors.

Assetmark Financial Hldgs trades on the NYSE stock market under the symbol AMK.

As of April 24, 2024, AMK stock price declined to $34.80 with 36,930 million shares trading.

AMK has a beta of 1.13, meaning it tends to be more sensitive to market movements. AMK has a correlation of 0.24 to the broad based SPY ETF.

AMK has a market cap of $2.59 billion. This is considered a Mid Cap stock.

Last quarter Assetmark Financial Hldgs reported $158 million in Revenue and $.59 earnings per share. This beat revenue expectation by $21 million and exceeded earnings estimates by $.02.

In the last 3 years, AMK stock traded as high as $37.54 and as low as $16.88.

The top ETF exchange traded funds that AMK belongs to (by Net Assets): VTI, VB, IWM, VXF, VBR.

AMK has underperformed the market in the last year with a price return of +7.8% while the SPY ETF gained +23.9%. However, in the short term, AMK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.8% vs +4.3% return in SPY. But in the last 2 weeks, AMK shares have been beat by the market, returning -6.1% compared to an SPY return of -2.9%.

AMK support price is $34.44 and resistance is $35.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMK stock will trade within this expected range on the day.