On Friday, Bank Of America Corp (NYSE: BAC) opened higher 1.85% from the last session, before settling in for the closing price of $45.90. Price fluctuations for BAC have ranged from $29.20 to $46.52 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 12.08%. Company’s average yearly earnings per share was noted 4.36% at the time writing. With a float of $7.66 billion, this company’s outstanding shares have now reached $7.90 billion.
The extent of productivity of a business whose workforce counts for 213000 workers is very important to gauge. In terms of profitability, gross margin is -1.51%, operating margin of 30.47%, and the pretax margin is 30.74%.
Bank Of America Corp (BAC) Insider and Institutional Ownership
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 73.11%. The most recent insider transaction that took place on Oct 28 ’24, was worth 256,484. In this transaction 10% Owner of this company sold 102,185 shares at a rate of $2.51, taking the stock ownership to the 2 shares. Before that another transaction happened on Oct 15 ’24, when Company’s 10% Owner sold 8,694,538 for $42.55, making the entire transaction worth $369,928,036. This insider now owns 766,305,462 shares in total.
Bank Of America Corp (BAC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 4.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.04% 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 1.87. Likewise, its price to free cash flow for the trailing twelve months is 20.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.75, a number that is poised to hit 0.78 in the next quarter and is forecasted to reach 3.69 in one year’s time.
Technical Analysis of Bank Of America Corp (BAC)
The latest stats from [Bank Of America Corp, BAC] show that its last 5-days average volume of 38.91 million was superior to 38.72 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 91.65%. Additionally, its Average True Range was 0.94.
During the past 100 days, Bank Of America Corp’s (BAC) raw stochastic average was set at 99.23%, which indicates a significant increase from 98.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.37% in the past 14 days, which was higher than the 26.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.49, while its 200-day Moving Average is $38.92. Now, the first resistance to watch is $47.19. This is followed by the second major resistance level at $47.62. The third major resistance level sits at $48.41. If the price goes on to break the first support level at $45.97, it is likely to go to the next support level at $45.18. The third support level lies at $44.75 if the price breaches the second support level.
Bank Of America Corp (NYSE: BAC) Key Stats
There are currently 7,672,879K shares outstanding in the company with a market cap of 365.35 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 48,869 M and its income totaled 6,896 M.
