In the past week, BAC stock has gone up by 3.59%, with a monthly gain of 9.74% and a quarterly surge of 17.85%. The volatility ratio for the week is 1.68%, and the volatility levels for the last 30 days are 1.81% for Bank Of America Corp The simple moving average for the last 20 days is 7.35% for BAC stock, with a simple moving average of 20.12% for the last 200 days.
Is It Worth Investing in Bank Of America Corp (NYSE: BAC) Right Now?
The price-to-earnings ratio for Bank Of America Corp (NYSE: BAC) is 16.99x, which is above its average ratio. Moreover, the 36-month beta value for BAC is 1.33. Analysts have varying opinions on the stock, with 16 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for BAC is 7.66B and currently, short sellers hold a 0.83% of that float. On November 18, 2024, BAC’s average trading volume was 37.14M shares.
BAC) stock’s latest price update
The stock price of Bank Of America Corp (NYSE: BAC) has surged by 1.85 when compared to previous closing price of 45.90, but the company has seen a 3.59% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-16 that Bank of America and JPMorgan Chase are the two largest banks headquartered in the U.S.
Analysts’ Opinion of BAC
Many brokerage firms have already submitted their reports for BAC stocks, with Citigroup repeating the rating for BAC by listing it as a “Buy.” The predicted price for BAC in the upcoming period, according to Citigroup is $54 based on the research report published on November 08, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see BAC reach a price target of $45. The rating they have provided for BAC stocks is “Buy” according to the report published on September 03rd, 2024.
Piper Sandler gave a rating of “Neutral” to BAC, setting the target price at $42 in the report published on July 09th of the current year.
BAC Trading at 12.69% 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 able to rebound, for now settling with 0.50% of gains for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +10.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.61% upper at present.
During the last 5 trading sessions, BAC rose by +3.59%, which changed the moving average for the period of 200-days by +39.34% in comparison to the 20-day moving average, which settled at $43.55. In addition, Bank Of America Corp saw 38.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BAC starting from BANK OF AMERICA CORP /DE/, who sale 102,185 shares at the price of $2.51 back on Oct 28 ’24. After this action, BANK OF AMERICA CORP /DE/ now owns 2 shares of Bank Of America Corp, valued at $256,484 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Bank Of America Corp, sale 8,694,538 shares at $42.55 during a trade that took place back on Oct 15 ’24, which means that BERKSHIRE HATHAWAY INC is holding 766,305,462 shares at $369,928,036 based on the most recent closing price.
Stock Fundamentals for BAC
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- -0.02 for the gross margin
The net margin for Bank Of America Corp stands at 0.29. The total capital return value is set at 0.01. Equity return is now at value 8.09, with 0.73 for asset returns.
Based on Bank Of America Corp (BAC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 0.28.
Currently, EBITDA for the company is 30.4 billion with net debt to EBITDA at 246.84. When we switch over and look at the enterprise to sales, we see a ratio of 8.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To wrap up, the performance of Bank Of America Corp (BAC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
