Bank Of America Corp’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $47.05 on 11/22/24, and the lowest price during that time was $29.32, recorded on 11/28/23.
52-week price history of BAC Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Bank Of America Corp’s current trading price is -0.03% away from its 52-week high, while its distance from the 52-week low is 60.39%. The stock’s price range for this period has remained between $29.32 and $47.05. The Financial sector company’s shares managed to surpass a trading volume of around 12.76 million for the day, which was noticeably lower compared to the shares’ average daily volume of 37.22 million over the last three months.
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Financial Performance and Market Capitalization
Bank Of America Corp (BAC) has experienced a quarterly rise of 17.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 360.89B and boasts a workforce of 213000 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 41.18, with a change in price of +6.13. Similarly, Bank Of America Corp recorded 38,310,559 in trading volume during the last 100 days, posting a change of +14.99%.
BAC Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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, the raw stochastic average of Bank Of America Corp over the last 50 days is at 98.81%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 98.34%. Further, the company’s Stochastic %K and %D values for the last 20 days were 90.72% and 89.34%, respectively.
BAC Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The metric has seen a significant gain of 39.69% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 18.48%. Over the past 30 days, the price of BAC has fallen by 10.28%. And in the last five days, it has surged by 0.61%.
