Bank Of America Corp. Inc. (BAC) Price Performance: A Comparative Analysis with Competitors

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -11.68% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 2.74%. Over the past 30 days, the price of BAC has fallen by 7.10%. And in the last five days, it has surged by 6.25%.

The current stock price for Bank Of America Corp. (BAC) is $29.25. The stock experienced a significant increase during the last trading session, reaching $29.73 after opening at $29.20. It dipped to a low of $29.20 before ultimately closing at $29.62.

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The stock market performance of Bank Of America Corp. has been fairly unsteady. Over the last year, the company’s stock hit its highest at $37.87 on 11/25/22, while the lowest price during the same time frame was $24.96, recorded on 10/27/23.

52-week price history of BAC Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Bank Of America Corp.’s current trading price is -22.75% away from its 52-week high, while its distance from the 52-week low is 17.19%. The stock’s price range over this timeframe has been between $24.96 and $37.87. The shares of the Financial sector company recorded a trading volume of approximately 12.69 million for the day, which was comparatively lower than the average daily volume of 44.99 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Bank Of America Corp. (BAC) has experienced a quarterly rise of 0.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 231.48B and boasts a workforce of 217000 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 28.67, with a change in price of +1.05. Similarly, Bank Of America Corp. recorded 44,368,910 in trading volume during the last 100 days, posting a change of +3.70%.

BAC’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for BAC stands at 2.20. Similarly, the long-term debt-to-equity ratio is also 1.00.

BAC Stock Stochastic Average

The raw stochastic average for Bank Of America Corp. over the last 50 days is presently at 90.67%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 90.67%. Further, the company’s Stochastic %K and %D values for the last 20 days were 94.70% and 86.64%, respectively.

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