As on Thursday, Bank Of America Corp. (NYSE: BAC) started slowly as it slid -0.89% to $40.14, before settling in for the price of $40.50 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 firm’s twelve-monthly sales growth has been 12.08% for the last half of the decade. 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 $7.75 billion. The organization now has a market capitalization sitting at $311.47 billion. At the time of writing, stock’s 50-day Moving Average stood at $40.25, while the 200-day Moving Average is $36.60.
Bank Of America Corp. (BAC) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Banks – Diversified industry. Bank Of America Corp.’s current insider ownership accounts for 0.17%, in contrast to 72.12% institutional ownership. According to the most recent insider trade that took place on Sep 03 ’24, this organization’s 10% Owner sold 8,031,639 shares at the rate of 40.66, making the entire transaction reach 326,562,426 in total value, affecting insider ownership by 874,692,264. Preceding that transaction, on Sep 04 ’24, Company’s 10% Owner sold 5,683,651 for 40.61, making the whole transaction’s value amount to 230,806,815. This particular insider is now the holder of 869,008,613 in total.
Bank Of America Corp. (BAC) Earnings and Revenue Records
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 0.82. Alongside those numbers, its PE Ratio stands at $14.11, and its Beta score is 1.33. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.65. Similarly, its price to free cash flow for trailing twelve months is now 10.43.
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)
Through scrutinizing the latest numbers posted by the [Bank Of America Corp., BAC], it can be observed that its last 5-days Average volume of 41.25 million was better the volume of 39.28 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 74.99% While, its Average True Range was 0.79.
Raw Stochastic average of Bank Of America Corp. (BAC) in the period of the previous 100 days is set at 58.21%, which indicates a major fall in contrast to 68.97% 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 16.31% that was lower than 22.82% volatility it exhibited in the past 100-days period.
