As on Tuesday, Bank Of America Corp (NYSE: BAC) got off with the flyer as it spiked 1.12% to $44.38, before settling in for the price of $43.89 at the close. Taking a more long-term approach, BAC posted a 52-week range of $31.27-$48.08.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
The Financial Sector giants’ yearly sales growth during the last 5-year period was 11.97%. Meanwhile, its Annual Earning per share during the time was 3.37%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 4.20%. This publicly-traded company’s shares outstanding now amounts to $7.69 billion, simultaneously with a float of $7.66 billion. The organization now has a market capitalization sitting at $344.32 billion. At the time of writing, stock’s 50-day Moving Average stood at $44.75, while the 200-day Moving Average is $40.47.
Bank Of America Corp (BAC) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Banks – Diversified industry. Bank Of America Corp’s current insider ownership accounts for 0.17%, in contrast to 72.98% institutional ownership. According to the most recent insider trade that took place on Oct 30 ’24, this organization’s 10% Owner bought 200 shares at the rate of 8.84, making the entire transaction reach 1,768 in total value, affecting insider ownership by 200. Preceding that transaction, on Oct 16 ’24, Company’s 10% Owner bought 1 for 9.14, making the whole transaction’s value amount to 9. This particular insider is now the holder of 0 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 4.20% and is forecasted to reach 3.72 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.03% 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 0.91. Alongside those numbers, its PE Ratio stands at $16.13, and its Beta score is 1.34. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.76. Similarly, its price to free cash flow for trailing twelve months is now 18.98.
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 0.77 in the next quarter, and analysts are predicting that it will be 3.72 at the market close of one year from today.
Technical Analysis of Bank Of America Corp (BAC)
Through scrutinizing the latest numbers posted by the [Bank Of America Corp, BAC], it can be observed that its last 5-days Average volume of 40.4 million was better the volume of 38.2 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 35.05% While, its Average True Range was 0.95.
Raw Stochastic average of Bank Of America Corp (BAC) in the period of the previous 100 days is set at 71.41%, which indicates a major rise in contrast to 35.87% 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 20.58% that was lower than 23.51% volatility it exhibited in the past 100-days period.
