The stock of Bank Of America Corp (BAC) has seen a -1.60% decrease in the past week, with a 2.95% gain in the past month, and a 18.44% flourish in the past quarter. The volatility ratio for the week is 1.65%, and the volatility levels for the past 30 days are at 1.52% for BAC. The simple moving average for the past 20 days is 0.24% for BAC’s stock, with a 17.27% simple moving average for the past 200 days.
Is It Worth Investing in Bank Of America Corp (NYSE: BAC) Right Now?
Bank Of America Corp (NYSE: BAC) has a higher price-to-earnings ratio of 16.99x compared to its average ratio. BAC has 36-month beta value of 1.34. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 8 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BAC is 7.66B, and currently, short sellers hold a 1.06% ratio of that float. The average trading volume of BAC on December 09, 2024 was 35.97M shares.
BAC) stock’s latest price update
The stock price of Bank Of America Corp (NYSE: BAC) has plunged by -0.53 when compared to previous closing price of 47.00, but the company has seen a -1.60% decline in its stock price over the last five trading sessions. fool.com reported 2024-12-07 that Shares of “too big to fail” big banks JPMorgan Chase (JPM 0.77%), Bank of America (BAC 0.02%), and Wells Fargo (WFC 0.91%) all rallied big in November, with their stocks increasing 12.5%, 13.6%, and 17.3%, respectively, according to data from S&P Global Market Intelligence.
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 7.28% 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 -2.77% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +4.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.29% upper at present.
During the last 5 trading sessions, BAC fell by -1.60%, which changed the moving average for the period of 200-days by +39.10% in comparison to the 20-day moving average, which settled at $46.64. 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 purchase 75 shares at the price of $13.02 back on Dec 03 ’24. After this action, BANK OF AMERICA CORP /DE/ now owns 75 shares of Bank Of America Corp, valued at $976 using the latest closing price.
BANK OF AMERICA CORP /DE/, the 10% Owner of Bank Of America Corp, sale 75 shares at $13.03 during a trade that took place back on Dec 03 ’24, which means that BANK OF AMERICA CORP /DE/ is holding 0 shares at $977 based on the most recent closing price.
Stock Fundamentals for BAC
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.12 for the gross margin
The net margin for Bank Of America Corp stands at 0.25. 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 0.4.
Currently, EBITDA for the company is 30.4 billion with net debt to EBITDA at 10.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To put it simply, Bank Of America Corp (BAC) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
