Bank Of America Corp (NYSE: BAC) kicked off on Friday, up 1.82% from the previous trading day, before settling in for the closing price of $43.38. Over the past 52 weeks, BAC has traded in a range of $31.27-$48.08.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 11.97%. While this was happening, its average annual earnings per share was recorded 4.20%. With a float of $7.66 billion, this company’s outstanding shares have now reached $7.69 billion.
Considering the fact that the conglomerate employs 213000 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Banks – Diversified Industry. 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 Oct 30 ’24, was worth 1,768. In this transaction 10% Owner of this company bought 200 shares at a rate of $8.84, taking the stock ownership to the 200 shares. Before that another transaction happened on Oct 16 ’24, when Company’s 10% Owner bought 1 for $9.14, making the entire transaction worth $9. This insider now owns 0 shares in total.
Bank Of America Corp (BAC) Recent Fiscal highlights
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 9.03% 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
Take a look at Bank Of America Corp’s (BAC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.76. Likewise, its price to free cash flow for the trailing twelve months is 19.02.
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)
Compared to the last year’s volume of 38.32 million, its volume of 42.99 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 12.59%. Additionally, its Average True Range was 0.91.
During the past 100 days, Bank Of America Corp’s (BAC) raw stochastic average was set at 69.78%, which indicates a significant increase from 24.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.60% in the past 14 days, which was lower than the 25.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.66, while its 200-day Moving Average is $40.39. Nevertheless, the first resistance level for the watch stands at $44.68 in the near term. At $45.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.97. If the price goes on to break the first support level at $43.38, it is likely to go to the next support level at $42.60. Now, if the price goes above the second support level, the third support stands at $42.09.
Bank Of America Corp (NYSE: BAC) Key Stats
The company with the Market Capitalisation of 345.08 billion has total of 7,672,879K Shares Outstanding. Its annual sales at the moment are 171,912 M in contrast with the sum of 26,515 M annual income. Company’s last quarter sales were recorded 48,869 M and last quarter income was 6,896 M.
