On Friday, Bank Of America Corp. (NYSE: BAC) was -1.54% down from the session before settling in for the closing price of $36.35. A 52-week range for BAC has been $24.96 – $38.35.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 12.08%. When this article was written, the company’s average yearly earnings per share was at 2.07%. With a float of $7.86 billion, this company’s outstanding shares have now reached $7.90 billion.
Considering the fact that the conglomerate employs 213000 people, you should pay attention to its efficiency factor.
Bank Of America Corp. (BAC) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Bank Of America Corp. stocks. The insider ownership of Bank Of America Corp. is 0.17%, while institutional ownership is 71.95%. The most recent insider transaction that took place on Dec 27 ’23, was worth 57,023. In this transaction 10% Owner of this company bought 5,398 shares at a rate of $10.56, taking the stock ownership to the 5,398 shares. Before that another transaction happened on Dec 15 ’23, when Company’s 10% Owner sold 900 for $9.72, making the entire transaction worth $8,748. This insider now owns 0 shares in total.
Bank Of America Corp. (BAC) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 169.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.37% during the next five years compared to 3.37% growth over the previous five years of trading.
Bank Of America Corp. (NYSE: BAC) Trading Performance Indicators
You can see what Bank Of America Corp. (BAC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.07, a number that is poised to hit 0.76 in the next quarter and is forecasted to reach 3.43 in one year’s time.
Technical Analysis of Bank Of America Corp. (BAC)
Compared to the last year’s volume of 40.41 million, its volume of 36.76 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.69%. Additionally, its Average True Range was 0.72.
During the past 100 days, Bank Of America Corp.’s (BAC) raw stochastic average was set at 71.64%, which indicates a significant increase from 9.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.10% in the past 14 days, which was lower than the 21.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.32, while its 200-day Moving Average is $31.24. Nevertheless, the first resistance level for the watch stands at $36.08 in the near term. At $36.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $36.64. If the price goes on to break the first support level at $35.52, it is likely to go to the next support level at $35.24. Now, if the price goes above the second support level, the third support stands at $34.96.
Bank Of America Corp. (NYSE: BAC) Key Stats
There are 7,890,639K outstanding shares of the company, which has a market capitalization of 281.76 billion. As of now, sales total 171,912 M while income totals 26,515 M. Its latest quarter income was 43,642 M while its last quarter net income were 3,144 M.
