Bank Of America Corp. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $44.44 on 07/17/24, while the lowest price for the same period was registered at $24.96 on 10/27/23.
52-week price history of BAC Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Bank Of America Corp.’s current trading price is -4.77% away from its 52-week high, while its distance from the 52-week low is 69.55%. The stock’s price range during the 52-week period has remained between $24.96 and $44.44. In the Financial sector, the company’s shares saw a trading volume of around 30.57 million for the day, which was evidently lower than the average daily volume of 39.3 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Bank Of America Corp. (BAC) has experienced a quarterly rise of 0.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 325.39B and boasts a workforce of 213000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 40.06, with a change in price of +3.00. Similarly, Bank Of America Corp. recorded 38,517,875 in trading volume during the last 100 days, posting a change of +7.63%.
Examining BAC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for BAC stands at 2.47. Similarly, the long-term debt-to-equity ratio is also 1.00.
BAC Stock Stochastic Average
Bank Of America Corp.’s raw stochastic average for the past 50 days is presently 80.91%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 77.54%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 83.00% and 83.09%, respectively.
BAC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant gain of 25.69% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 14.47%. Over the past 30 days, the price of BAC has fallen by 3.55%. And in the last five days, it has surged by 0.88%.
