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 -7.01% away from its 52-week high, while its distance from the 52-week low is 38.67%. The stock’s price range during this period has varied between $33.06 and $49.31. The company, active in the Financial sector, saw a trading volume of around 31.02 million for the day, considerably lower average daily volume of 40.06 million observed over the last three months.
Currently, the stock price of Bank Of America Corp (BAC) is $45.85. In the most recent trading session, the stock underwent a significant upswing, peaking at $59.0 after opening at $45.85. The stock touched a low of $46.0 before closing at $45.66.
The stock market performance of Bank Of America Corp has been very steady.
How Financial Performance Impacts Market Capitalization
Bank Of America Corp (BAC) has experienced a quarterly rise of 11.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 339.61B and boasts a workforce of 213000 employees.
Decoding Analysts’ Ratings for Bank Of America Corp
As of right now, 14 analysts are rating Bank Of America Corp as a BUY, 6 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
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 43.33, with a change in price of +6.24. Similarly, Bank Of America Corp recorded 44,695,766 in trading volume during the last 100 days, posting a change of +15.75%.
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 2.57. Similarly, the long-term debt-to-equity ratio is also 1.04.
BAC Stock Stochastic Average
As of today, the raw stochastic average of Bank Of America Corp over the last 50 days is at 50.32%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 21.05%. Further, the company’s Stochastic %K and %D values for the last 20 days were 29.72% and 46.19%, 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. This year’s metric has recorded a Price increase of 13.74%. However, over the past six months, we’ve seen a stronger performance of -0.97%. The price of BAC leaped by -6.29% over the last 30 days. And in the last five days, it has fallen by -4.93%.
