On Tuesday, Bank Of America Corp. (NYSE: BAC) opened higher 0.74% from the last session, before settling in for the closing price of $36.65. Price fluctuations for BAC have ranged from $24.96 to $44.44 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 12.08%. Company’s average yearly earnings per share was noted 5.63% at the time writing. With a float of $7.75 billion, this company’s outstanding shares have now reached $7.90 billion.
Let’s determine the extent of company efficiency that accounts for 213000 employees.
Bank Of America Corp. (BAC) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Banks – Diversified industry is another important factor to consider. The insider ownership of Bank Of America Corp. is 0.17%, while institutional ownership is 73.00%. The most recent insider transaction that took place on Aug 05 ’24, was worth 402,410. Before that another transaction happened on Aug 01 ’24, when Company’s 10% Owner sold 5,647,923 for $39.52, making the entire transaction worth $223,186,979. This insider now owns 942,429,882 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 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.60% 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
Check out the current performance indicators for Bank Of America Corp. (BAC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.51. Likewise, its price to free cash flow for the trailing twelve months is 9.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.84, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.68 in one year’s time.
Technical Analysis of Bank Of America Corp. (BAC)
Looking closely at Bank Of America Corp. (NYSE: BAC), its last 5-days average volume was 60.88 million, which is a jump from its year-to-date volume of 39.69 million. As of the previous 9 days, the stock’s Stochastic %D was 17.29%. Additionally, its Average True Range was 1.09.
During the past 100 days, Bank Of America Corp.’s (BAC) raw stochastic average was set at 26.92%, which indicates a significant increase from 19.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.08% in the past 14 days, which was lower than the 23.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.34, while its 200-day Moving Average is $35.32. However, in the short run, Bank Of America Corp.’s stock first resistance to watch stands at $37.31. Second resistance stands at $37.69. The third major resistance level sits at $38.08. If the price goes on to break the first support level at $36.54, it is likely to go to the next support level at $36.15. Now, if the price goes above the second support level, the third support stands at $35.77.
Bank Of America Corp. (NYSE: BAC) Key Stats
There are currently 7,820,371K shares outstanding in the company with a market cap of 286.48 billion. Presently, the company’s annual sales total 171,912 M according to its annual income of 26,515 M. Last quarter, the company’s sales amounted to 48,529 M and its income totaled 6,897 M.
