Bank Of America Corp. (NYSE: BAC) started the day on Thursday, with a price decrease of -0.55% at $39.97, before settling in for the price of $40.19 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 3.17%. 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 $310.15 billion. At the time of writing, stock’s 50-day Moving Average stood at $39.29, while the 200-day Moving Average is $37.63.
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 0.17%, in contrast to 70.46% institutional ownership. According to the most recent insider trade that took place on Oct 09 ’24, this organization’s 10% Owner sold 4,002,225 shares at the rate of 40.14, making the entire transaction reach 160,662,919 in total value, affecting insider ownership by 776,614,511. Preceding that transaction, on Oct 08 ’24, Company’s 10% Owner sold 3,933,197 for 39.99, making the whole transaction’s value amount to 157,292,875. This particular insider is now the holder of 780,616,736 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 3.17% and is forecasted to reach 3.63 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.74% 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 0.71. Alongside those numbers, its PE Ratio stands at $14.06, 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 1.64. Similarly, its price to free cash flow for trailing twelve months is now 10.39.
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 0.76 in the next quarter, and analysts are predicting that it will be 3.63 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 28.21 million that shows plunge from its year to date volume of 38.8 million. During the previous 9 days, stock’s Stochastic %D was recorded 76.32% While, its Average True Range was 0.66.
Raw Stochastic average of Bank Of America Corp. (BAC) in the period of the previous 100 days is set at 51.94%, which indicates a major fall in contrast to 72.59% 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 13.63% that was lower than 22.56% volatility it exhibited in the past 100-days period.
