The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Bank Of America Corp.’s current trading price is -0.84% away from its 52-week high, while its distance from the 52-week low is 42.63%. The stock’s price range for this period has been between $24.96 and $35.90 The company’s shares, which are part of the Financial sector, had a trading volume of approximately 42.74 million for the day, a number notably higher than the average daily volume of 41.88 million over the last three months.
Bank Of America Corp. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $35.90 on 03/08/24, while the lowest price for the same period was registered at $24.96 on 10/27/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Bank Of America Corp. (BAC) has experienced a quarterly rise of 16.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 280.27B and boasts a workforce of 213000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 31.52, with a change in price of +8.84. Similarly, Bank Of America Corp. recorded 44,209,176 in trading volume during the last 100 days, posting a change of +33.03%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for BAC stands at 2.15. Similarly, the long-term debt-to-equity ratio is also 0.97.
BAC Stock Stochastic Average
Bank Of America Corp.’s raw stochastic average for the past 50 days is presently 89.09%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 85.98%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 89.21% and 90.04%, respectively.
BAC Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 5.73% this year. Over the last six months, there has been a weaker performance of 26.56%. The price of BAC fallen by 7.29% during the last 30 days period. For the last 5-days stocks have improved 3.64%.
