The current stock price for Bank Of America Corp (BAC) is $46.01. The stock experienced a significant increase during the last trading session, reaching $59.0 after opening at $46.01. It dipped to a low of $46.0 before ultimately closing at $44.92.
The stock market performance of Bank Of America Corp has been very steady.
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 -6.68% away from its 52-week high, while its distance from the 52-week low is 39.15%. The stock’s price range for this period has remained between $33.06 and $49.31. The Financial sector company’s shares managed to surpass a trading volume of around 30.59 million for the day, which was noticeably lower compared to the shares’ average daily volume of 39.92 million over the last three months.
Financial Performance and Market Capitalization
Bank Of America Corp (BAC) has experienced a quarterly rise of 10.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 340.79B and boasts a workforce of 213000 employees.
Analysts’ Ratings For Bank Of America Corp
As of right now, 14 analysts are rating Bank Of America Corp as a BUY, 7 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.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 43.53, with a change in price of +4.57. Similarly, Bank Of America Corp recorded 44,487,539 in trading volume during the last 100 days, posting a change of +11.03%.
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 2.57. 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 past 50 days is 44.58%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 29.65%. Additionally, the Stochastic %K and %D values for the company were 16.47% and 16.01%, respectively, over the past 20 days.
BAC Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant gain of 24.62% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -3.62%. Over the past 30 days, the price of BAC has leaped by -2.04%. And in the last five days, it has surged by 0.77%.
