Bank Of America Corp. (NYSE: BAC)’s stock price has increased by 1.49 compared to its previous closing price of 29.54. However, the company has seen a 8.31% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-18 that Dividend growth companies are an essential part of a risk-adjusted, well-balanced, and extensively diversified dividend income portfolio. I will present you with a list of 10 currently attractive dividend growth companies that have shown an Average Dividend Growth Rate [CAGR] of 10.92% over the past 5 years. Their P/E [FWD] Ratio stands at 21.88 on average, suggesting that their Valuation is attractive, particularly when considering the companies’ growth prospects.
Is It Worth Investing in Bank Of America Corp. (NYSE: BAC) Right Now?
Bank Of America Corp. (NYSE: BAC) has a price-to-earnings ratio that is above its average at 8.40x. and a 36-month beta value of 1.40. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 3 as “overweight,” 13 as “hold,” and 1 as “sell.”
The average price predicted for Bank Of America Corp. (BAC) by analysts is $33.85, which is $3.87 above the current market price. The public float for BAC is 7.90B, and at present, short sellers hold a 0.90% of that float. On November 20, 2023, the average trading volume of BAC was 44.83M shares.
BAC’s Market Performance
The stock of Bank Of America Corp. (BAC) has seen a 8.31% increase in the past week, with a 11.20% rise in the past month, and a 2.85% gain in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.38% for BAC. The simple moving average for the past 20 days is 10.15% for BAC’s stock, with a 2.10% simple moving average for the past 200 days.
Analysts’ Opinion of BAC
Many brokerage firms have already submitted their reports for BAC stocks, with Keefe Bruyette repeating the rating for BAC by listing it as a “Mkt Perform.” The predicted price for BAC in the upcoming period, according to Keefe Bruyette is $30 based on the research report published on November 06, 2023 of the current year 2023.
BAC Trading at 9.48% from the 50-Day Moving Average
After a stumble in the market that brought BAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.82% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +13.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.71% upper at present.
During the last 5 trading sessions, BAC rose by +8.31%, which changed the moving average for the period of 200-days by -17.02% in comparison to the 20-day moving average, which settled at $27.40. In addition, Bank Of America Corp. saw -9.48% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BAC starting from BANK OF AMERICA CORP /DE/, who purchase 4,175 shares at the price of $10.42 back on Nov 08. After this action, BANK OF AMERICA CORP /DE/ now owns 4,175 shares of Bank Of America Corp., valued at $43,504 using the latest closing price.
BANK OF AMERICA CORP /DE/, the 10% Owner of Bank Of America Corp., sale 4,175 shares at $10.48 during a trade that took place back on Nov 08, which means that BANK OF AMERICA CORP /DE/ is holding 0 shares at $43,754 based on the most recent closing price.
Stock Fundamentals for BAC
Current profitability levels for the company are sitting at:
- +27.84 for the present operating margin
The net margin for Bank Of America Corp. stands at +23.82. The total capital return value is set at 4.13, while invested capital returns managed to touch 5.06. Equity return is now at value 10.96, with 0.98 for asset returns.
Based on Bank Of America Corp. (BAC), the company’s capital structure generated 186.28 points at debt to equity in total, while total debt to capital is 65.07. Total debt to assets is 16.68, with long-term debt to equity ratio resting at 109.50. Finally, the long-term debt to capital ratio is 34.27.
When we switch over and look at the enterprise to sales, we see a ratio of 4.28, with the company’s debt to enterprise value settled at 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
To sum up, Bank Of America Corp. (BAC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.