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 -6.03% away from its 52-week high, while its distance from the 52-week low is 59.69%. The stock’s price range for this period has been between $26.15 and $44.44 The company’s shares, which are part of the Financial sector, had a trading volume of approximately 31.09 million for the day, a number notably lower than the average daily volume of 37.11 million over the last three months.
In terms of market performance, Bank Of America Corp had a fairly even. The highest value for the stock in the past year was $44.44 on 07/17/24, and the lowest value was recorded at $26.15 on 11/02/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Bank Of America Corp (BAC) has experienced a quarterly rise of 13.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 319.96B 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 40.33, with a change in price of +2.90. Similarly, Bank Of America Corp recorded 37,689,031 in trading volume during the last 100 days, posting a change of +7.46%.
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 2.50. Similarly, the long-term debt-to-equity ratio is also 1.03.
BAC Stock Stochastic Average
As of today, Bank Of America Corp’s raw stochastic average for the last 50 days stands at 70.07%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 56.14%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 64.11% and 72.66%, respectively.
BAC Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant gain of 24.03% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 12.11%. Over the past 30 days, the price of BAC has fallen by 6.39%. And in the last five days, it has fallen by -0.31%.
