At the end of the latest market close, Bank of America Corporation (BAC) was valued at $41.84. In that particular session, Stock kicked-off at the price of $42.06 while reaching the peak value of $42.479 and lowest value recorded on the day was $41.92. The stock current value is $42.36.
Recently in News on May 12, 2021, Gibraltar Business Capital Announces $150MM Line of Credit with Bank of America. Gibraltar Business Capital, an industry leader in asset-based lending for lower middle-market businesses, announced an expanded financing partnership with Bank of America through a new $150MM line of credit. You can read further details here
Bank of America Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $42.94 on 05/10/21, with the lowest value was $29.57 for the same time period, recorded on 02/01/21.
Bank of America Corporation (BAC) full year performance was 95.12%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Bank of America Corporation shares are logging -1.35% during the 52-week period from high price, and 110.75% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $20.10 and $42.94.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 30862686 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Bank of America Corporation (BAC) recorded performance in the market was 39.76%, having the revenues showcasing 26.94% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 358.54B, as it employees total of 212000 workers.
Market experts do have their say about Bank of America Corporation (BAC)
During the last month, 16 analysts gave the Bank of America Corporation a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 35.91, with a change in the price was noted +13.69. In a similar fashion, Bank of America Corporation posted a movement of +47.75% for the period of last 100 days, recording 51,764,559 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BAC is recording 1.89 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.94.
Technical breakdown of Bank of America Corporation (BAC)
Raw Stochastic average of Bank of America Corporation in the period of last 50 days is set at 91.87%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 89.51%. In the last 20 days, the company’s Stochastic %K was 79.26% and its Stochastic %D was recorded 76.51%.
Bearing in mind the latest performance of Bank of America Corporation, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 39.76%. Additionally, trading for the stock in the period of the last six months notably improved by 54.94%, alongside a boost of 95.12% for the period of the last 12 months. The shares increased approximately by 0.43% in the 7-day charts and went down by 9.34% in the period of the last 30 days. Common stock shares were driven by 26.94% during last recorded quarter.