Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Bank Of America Corp.’s current trading price is -1.26% away from its 52-week high, while its distance from the 52-week low is 50.32%. The stock’s price range during this period has varied between $24.96 and $38.00. The company, active in the Financial sector, saw a trading volume of around 33.85 million for the day, considerably lower average daily volume of 40.92 million observed over the last three months.
Bank Of America Corp. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $38.00 on 04/01/24, while the lowest price during the same period was $24.96 on 10/27/23.
How Financial Performance Impacts Market Capitalization
Bank Of America Corp. (BAC) has experienced a quarterly rise of 10.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 295.38B and boasts a workforce of 213000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 33.04, with a change in price of +9.10. Similarly, Bank Of America Corp. recorded 41,284,441 in trading volume during the last 100 days, posting a change of +32.02%.
How BAC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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
As of today, the raw stochastic average of Bank Of America Corp. over the last 50 days is at 87.76%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 79.76%. Further, the company’s Stochastic %K and %D values for the last 20 days were 91.91% and 94.81%, respectively.
BAC Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 11.43%. However, over the past six months, we’ve seen a weaker performance of 36.14%. The price of BAC fallen by 8.69% over the last 30 days. And in the last five days, it has surged by 1.27%.
