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 index has shown a price gain of 41.08% this year. Over the last six months, there has been a weaker performance of 20.80%. The price of BAC fallen by 13.39% during the last 30 days period. For the last 5-days stocks have improved 1.67%.
Bank Of America Corp ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $47.22 on 11/25/24, while the lowest value for the same period was recorded at $29.32 on 11/28/23.
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52-week price history of BAC Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Bank Of America Corp’s current trading price is 0.59% away from its 52-week high, while its distance from the 52-week low is 61.98%. The stock’s price range during this period has varied between$29.32 and $47.22. The Bank Of America Corp’s shares, which operate in the Financial, saw a trading volume of around 42.65 million for the day, a figure considerably higher than their average daily volume of 37.26 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Bank Of America Corp (BAC) has experienced a quarterly rise of 19.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 368.70B and boasts a workforce of 213000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 41.25, with a change in price of +7.09. Similarly, Bank Of America Corp recorded 38,764,305 in trading volume during the last 100 days, posting a change of +17.55%.
BAC’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative 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, Bank Of America Corp’s raw stochastic average for the last 50 days stands at 97.34%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 96.38%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 94.28% and 90.73%, respectively.
