Bank Of America Corp (NYSE: BAC) on Tuesday, plunged -0.92% from the previous trading day, before settling in for the closing price of $45.47. Within the past 52 weeks, BAC’s price has moved between $31.27 and $48.08.
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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%. The company achieved an average annual earnings per share of 4.20%. With a float of $7.66 billion, this company’s outstanding shares have now reached $7.69 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 11.82%, operating margin of 38.63%, and the pretax margin is 26.71%.
Bank Of America Corp (BAC) Insider and Institutional Ownership
Observing investor behavior towards Banks – Diversified industry stocks is more important than anything else. The insider ownership of Bank Of America Corp is 0.17%, while institutional ownership is 72.98%. The most recent insider transaction that took place on Mar 22 ’24, was worth 41. In this transaction 10% Owner of this company bought 6 shares at a rate of $6.77, taking the stock ownership to the 0 shares. Before that another transaction happened on Apr 09 ’24, when Company’s 10% Owner sold 34 for $6.73, making the entire transaction worth $229. This insider now owns 0 shares in total.
Bank Of America Corp (BAC) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.20% 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
Bank Of America Corp (BAC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.77. Likewise, its price to free cash flow for the trailing twelve months is 19.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.75, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 3.71 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 30.82 million was inferior to 38.16 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 15.05%. Additionally, its Average True Range was 0.76.
During the past 100 days, Bank Of America Corp’s (BAC) raw stochastic average was set at 76.58%, which indicates a significant increase from 12.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.63% in the past 14 days, which was lower than the 24.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.44, while its 200-day Moving Average is $40.27. Now, the first resistance to watch is $45.29. This is followed by the second major resistance level at $45.52. The third major resistance level sits at $45.86. If the price goes on to break the first support level at $44.72, it is likely to go to the next support level at $44.38. The third support level lies at $44.15 if the price breaches the second support level.
Bank Of America Corp (NYSE: BAC) Key Stats
Market capitalization of the company is 345.66 billion based on 7,672,879K outstanding shares. Right now, sales total 171,912 M and income totals 26,515 M. The company made 48,869 M in profit during its latest quarter, and 6,896 M in sales during its previous quarter.
