Bank Of America Corp (NYSE: BAC) established initial surge of 0.02% at $45.87, before settling in for the price of $45.86 at the close. Taking a more long-term approach, BAC posted a 52-week range of $27.42-$46.52.
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It was noted that the giant of the Financial sector posted annual sales growth of 12.08% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 3.37%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 4.36%. This publicly-traded company’s shares outstanding now amounts to $7.90 billion, simultaneously with a float of $7.66 billion. The organization now has a market capitalization sitting at $351.95 billion. At the time of writing, stock’s 50-day Moving Average stood at $41.21, while the 200-day Moving Average is $38.79.
Bank Of America Corp (BAC) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Bank Of America Corp industry. Bank Of America Corp’s current insider ownership accounts for 0.17%, in contrast to 71.51% institutional ownership. According to the most recent insider trade that took place on Oct 28 ’24, this organization’s 10% Owner sold 102,185 shares at the rate of 2.51, making the entire transaction reach 256,484 in total value, affecting insider ownership by 2. Preceding that transaction, on Oct 15 ’24, Company’s 10% Owner sold 8,694,538 for 42.55, making the whole transaction’s value amount to 369,928,036. This particular insider is now the holder of 766,305,462 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 0.85 per share during the current fiscal year.
Bank Of America Corp’s EPS increase for this current 12-month fiscal period is 4.36% 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 8.04% 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 0.95. Alongside those numbers, its PE Ratio stands at $16.67, 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 1.80. Similarly, its price to free cash flow for trailing twelve months is now 19.40.
In the same vein, BAC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.75, a figure that is expected to reach 0.78 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)
Now, what If we examine the latest scores posted by [Bank Of America Corp, BAC]. During the last 5-days, its volume was better the volume of 38.73 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 89.26% While, its Average True Range was 0.99.
Raw Stochastic average of Bank Of America Corp (BAC) in the period of the previous 100 days is set at 94.31%, which indicates a major rise in contrast to 88.03% 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 37.72% that was higher than 26.36% volatility it exhibited in the past 100-days period.
