The stock price of Bank Of America Corp (NYSE: BAC) has plunged by -2.38 when compared to previous closing price of 46.21, but the company has seen a 1.85% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-12 that Major banks like JPMorgan, Wells Fargo, and Citigroup report earnings this week. December CPI and PPI reports are pivotal, with potential Fed implications; inflation remains a significant concern amid economic policy shifts.
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 of 16.40x that is above its average ratio. Additionally, the 36-month beta value for BAC is 1.34. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 7 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for BAC is 7.66B and currently, short sellers hold a 0.97% ratio of that float. The average trading volume of BAC on January 13, 2025 was 34.11M shares.
BAC’s Market Performance
The stock of Bank Of America Corp (BAC) has seen a 1.85% increase in the past week, with a -1.74% drop in the past month, and a 12.24% gain in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 1.92% for BAC. The simple moving average for the last 20 days is 0.66% for BAC stock, with a simple moving average of 10.30% for the last 200 days.
Analysts’ Opinion of BAC
Many brokerage firms have already submitted their reports for BAC stocks, with UBS repeating the rating for BAC by listing it as a “Buy.” The predicted price for BAC in the upcoming period, according to UBS is $53 based on the research report published on January 07, 2025 of the current year 2025.
HSBC Securities, on the other hand, stated in their research note that they expect to see BAC reach a price target of $50. The rating they have provided for BAC stocks is “Buy” according to the report published on January 07th, 2025.
Morgan Stanley gave a rating of “Equal-Weight” to BAC, setting the target price at $55 in the report published on December 09th of the previous year.
BAC Trading at -0.31% 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 -6.18% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.84% upper at present.
During the last 5 trading sessions, BAC rose by +1.85%, which changed the moving average for the period of 200-days by +22.38% in comparison to the 20-day moving average, which settled at $44.82. In addition, Bank Of America Corp saw 2.64% 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
- 1.0 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 4.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In conclusion, Bank Of America Corp (BAC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
