The stock of Bank Of America Corp (BAC) has seen a -3.28% decrease in the past week, with a -4.10% drop in the past month, and a 10.79% flourish in the past quarter. The volatility ratio for the week is 2.59%, and the volatility levels for the past 30 days are at 1.76% for BAC. The simple moving average for the last 20 days is -4.25% for BAC’s stock, with a simple moving average of 9.36% 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 above average at 16.06x, Company’s 36-month beta value is 1.35.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 8 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for BAC is 7.66B, and currently, short sellers hold a 0.98% ratio of that floaft. The average trading volume of BAC on December 23, 2024 was 34.84M shares.
BAC) stock’s latest price update
Bank Of America Corp (NYSE: BAC)’s stock price has gone rise by 1.82 in comparison to its previous close of 43.38, however, the company has experienced a -3.28% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-12-21 that The methodology uses earnings yield, dividend yield, and 5-year dividend CAGR to score and rank 55 stocks across all 11 sectors. Stocks with no dividends are excluded, ensuring a focus on dividend growth, momentum, and value. The top stocks by sector are evaluated and then backtested in an equal weight format.
Analysts’ Opinion of BAC
Many brokerage firms have already submitted their reports for BAC stocks, with Morgan Stanley repeating the rating for BAC by listing it as a “Equal-Weight.” The predicted price for BAC in the upcoming period, according to Morgan Stanley is $55 based on the research report published on December 09, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see BAC reach a price target of $54, previously predicting the price at $46. The rating they have provided for BAC stocks is “Buy” according to the report published on November 08th, 2024.
Deutsche Bank gave a rating of “Buy” to BAC, setting the target price at $45 in the report published on September 03rd of the current year.
BAC Trading at -1.09% 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 -8.13% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares sank -4.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.51% upper at present.
During the last 5 trading sessions, BAC fell by -3.28%, which changed the moving average for the period of 200-days by +23.97% in comparison to the 20-day moving average, which settled at $46.13. In addition, Bank Of America Corp saw 31.19% 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 200 shares at the price of $8.84 back on Oct 30 ’24. After this action, BANK OF AMERICA CORP /DE/ now owns 200 shares of Bank Of America Corp, valued at $1,768 using the latest closing price.
BANK OF AMERICA CORP /DE/, the 10% Owner of Bank Of America Corp, purchase 1 shares at $9.14 during a trade that took place back on Oct 16 ’24, which means that BANK OF AMERICA CORP /DE/ is holding 0 shares at $9 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 4.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In a nutshell, Bank Of America Corp (BAC) has experienced a mixed performance in recent times. The stock has received mixed “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.
