Bank Of America Corp. (NYSE: BAC) started the day on Wednesday, with a price increase of 0.16% at $38.75, before settling in for the price of $38.69 at the close. Taking a more long-term approach, BAC posted a 52-week range of $24.96-$44.44.
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The Financial Sector giants’ yearly sales growth during the last 5-year period was 12.08%. Meanwhile, its Annual Earning per share during the time was 3.37%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 5.65%. This publicly-traded company’s shares outstanding now amounts to $7.90 billion, simultaneously with a float of $7.74 billion. The organization now has a market capitalization sitting at $300.68 billion. At the time of writing, stock’s 50-day Moving Average stood at $40.14, while the 200-day Moving Average is $36.01.
Bank Of America Corp. (BAC) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Banks – Diversified Industry. Bank Of America Corp.’s current insider ownership accounts for 0.24%, in contrast to 72.98% institutional ownership. According to the most recent insider trade that took place on Aug 15 ’24, this organization’s 10% Owner sold 5,183,829 shares at the rate of 39.31, making the entire transaction reach 203,770,097 in total value, affecting insider ownership by 937,246,053. Preceding that transaction, on Aug 19 ’24, Company’s 10% Owner sold 5,035,018 for 39.65, making the whole transaction’s value amount to 199,615,303. This particular insider is now the holder of 928,460,939 in total.
Bank Of America Corp. (BAC) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.75 per share during the current fiscal year.
Bank Of America Corp.’s EPS increase for this current 12-month fiscal period is 5.65% and is forecasted to reach 3.69 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.60% through the next 5 years, which can be compared against the 3.37% growth it accomplished over the previous five years trading on the market.
Bank Of America Corp. (NYSE: BAC) Trading Performance Indicators
Let’s observe the current performance indicators for Bank Of America Corp. (BAC). The Stock has managed to achieve an average true range (ATR) of 0.90. Alongside those numbers, its PE Ratio stands at $13.63, and its Beta score is 1.34. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.59. Similarly, its price to free cash flow for trailing twelve months is now 10.07.
In the same vein, BAC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.84, a figure that is expected to reach 0.81 in the next quarter, and analysts are predicting that it will be 3.69 at the market close of one year from today.
Technical Analysis of Bank Of America Corp. (BAC)
If we take a close look at the recent performances of Bank Of America Corp. (NYSE: BAC), its last 5-days Average volume was 33.95 million that shows plunge from its year to date volume of 39.2 million. During the previous 9 days, stock’s Stochastic%D was recorded 64.10% While, its Average True Range was 0.87.
Raw Stochastic average of Bank Of America Corp. (BAC) in the period of the previous 100 days is set at 44.70%, which indicates a major fall in contrast to 78.39% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 29.28% that was higher than 23.38% volatility it exhibited in the past 100-days period.
