An Analysis Of Bank of America Corporation (BAC)’s Weekly Performance

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As of Wednesday close, Bank of America Corporation’s (NYSE:BAC) stock was up $0.12, moving up 0.32 percent to $37.61. The average number of shares traded per day over the past five days has been 25,220,939 shares. 2 times new highs have been achieved over the past 5 days, with a $0.25 gain in that time frame. In the last twenty days, the average volume was 33,474,559, while in the previous 50 days, it was 41,353,641.

Since last month, BAC stock rose 6.27%. Shares of the company fell to $34.53 on 10/25/22, the lowest level in the past month. A 52-week high of $50.11 was reached on 02/10/22 after having rallying from a 52-week low of $29.31. Since the beginning of this year, BAC’s stock price has dropped by -15.46% or -$6.88, and marked a new high 5 times. However, the stock has declined by -24.95% since its 52-week high.


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BAC stock investors should be aware that Bank of America Corporation (BAC) stock had its last reported insider trading activity 9 days ago on Nov 16. BANK OF AMERICA CORP /DE/, the Former 10% Owner of the company, disposed of 4 shares for $23750.00 on Nov 16. It resulted in a $95,000 divestment by the insider. BANK OF AMERICA CORP /DE/ sold 155 shares at an average price of $47500.00 on Nov 16. The insider now owns 0 shares following the transaction. On Jan 28, Pres, Merill Wealth Mgmt Sieg Andrew M. sold 18,407 shares at $45.12 apiece. The transaction was valued at $830,524.

Valuation Metrics

Right now, Bank of America Corporation (BAC) has a P/E ratio of about 11.90. The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 5.02, the price-to-book (PB) ratio of 1.27, and the price-to-cash flow ratio of 726.65 may also be considered.

The latest dividend of $0.22 per share was paid out, remained unchanged from last year’s $0.22. On Wednesday July 20 2022, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.11, and the total debt-to-equity ratio was 2.10. In the year ended September 29, operating margins totaled 80.30%. Based on annual data, BAC earned $42.93 billion in gross profit and brought in $47.67 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.10%. Return on equity (ROE) for the past 12 months was 10.70%.

In Bank of America Corporation’s quarter-end financial report for September 29, it reported total debt of $269.12 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Bank of America Corporation to report $0.77 quarterly earnings, the actual figure was $0.81 per share, beating the consensus estimate by 5.20%. The value of shareholders’ equity is $8.02 billion.

Technical Picture

This quick technical analysis looks at Bank of America Corporation’s (BAC) price momentum. With a historical volatility rate of 11.51%, the RSI 9-day stood at 63.43% on 23 November.

With respect to its five-day moving average, the current Bank of America Corporation price is up by +0.67% percent or $0.25. At present, BAC shares trade +5.35% above its 20-day simple moving average and +20.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.04% above its SMA50 and -23.84% below its SMA200.

Stochastic coefficient K was 61.06% and Stochastic coefficient D was 59.36%, while ATR was 0.73. Given the Stochastic reading of 58.40% for the 14-day period, the RSI (14) reading has been calculated as 63.29%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at 0.07.

Analyst Ratings

Bank of America Corporation downgraded its rating on Bank of America Corporation (NYSE: BAC) to a Neutral in a note to investors on November 14, 2022. The analysts firm previously had a Buy rating on the stock.Bank of America Corporation (BAC) has been rated Overweight by analysts. According to 0 brokerage firms, BAC is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Bank of America Corporation stock as buy, with 13 recommending it as overweight.

With a median target price of $40.50, the current consensus forecast for the stock is $32.00 – $55.00. Based on these forecasts, analysts predict Bank of America Corporation (BAC) will achieve an average price target of $41.66.

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