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 -11.67% away from its 52-week high, while its distance from the 52-week low is 24.36%. The stock’s price range during this period has varied between $34.15 and $48.08. The company, active in the Financial sector, saw a trading volume of around 63.05 million for the day, considerably higher average daily volume of 37.16 million observed over the last three months.
The market performance of Bank Of America Corp has been somewhat stable. Over the past year, the company’s stock achieved a high of $48.08 on 11/29/24, with the lowest value for the same timeframe being $34.15, recorded on 04/16/24.
How Financial Performance Impacts Market Capitalization
Bank Of America Corp (BAC) has experienced a quarterly decline of -5.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 322.97B 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 44.94, with a change in price of -0.18. Similarly, Bank Of America Corp recorded 37,128,293 in trading volume during the last 100 days, posting a change of -0.42%.
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 2.26. Similarly, the long-term debt-to-equity ratio is also 0.90.
BAC Stock Stochastic Average
As of today, the raw stochastic average of Bank Of America Corp over the past 50 days is 37.39%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 42.29%. Additionally, the Stochastic %K and %D values for the company were 41.22% and 37.39%, respectively, over the past 20 days.
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. The metric has seen a significant loss of -3.37% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 7.19%. Over the past 30 days, the price of BAC has leaped by -6.25%. And in the last five days, it has surged by 3.86%.
