Bank of America Corporation [BAC] Is Currently 1.49 below its 200 Period Moving Avg: What Dose This Mean?

Bank of America Corporation [NYSE: BAC] closed the trading session at $33.37 on 02/12/21. The day’s price range saw the stock hit a low of $32.91, while the highest price level was $33.45. The company report on February 11, 2021 that Bank of America Announces Actions to Achieve Net Zero Greenhouse Gas Emissions before 2050.

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Releases 2030 Operational Goals.

Building on Bank of America’s longstanding support for the Paris Climate Agreement, the company outlined initial steps to achieve its goal of net zero greenhouse gas (GHG) emissions in its financing activities, operations and supply chain before 2050. Bank of America continues to actively engage with its clients to help accelerate their own transitions to net zero, and it plans to establish interim science based emissions targets for high-emitting portfolios, including energy and power. In addition, Bank of America released its broader 2030 operational and supply chain goals as part of a holistic commitment to environmental sustainability.

The stocks have a year to date performance of 10.10 percent and weekly performance of 3.09 percent. The stock has been moved at 26.64 percent over the last six months. The stock has performed -0.27 percent around the most recent 30 days and changed 22.06 percent over the most recent 3-months.

If compared to the average trading volume of 50.25M shares, BAC reached to a volume of 37468264 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Bank of America Corporation [BAC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BAC shares is $36.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BAC stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Atlantic Equities have made an estimate for Bank of America Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 26, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $31 to $37. The new note on the price target was released on January 11, 2021, representing the official price target for Bank of America Corporation stock. Previously, the target price had yet another raise to $31, while Daiwa Securities analysts kept a Neutral rating on BAC stock. On January 05, 2021, analysts increased their price target for BAC shares from 27 to 36.

The Average True Range (ATR) for Bank of America Corporation is set at 0.86, with the Price to Sales ratio for BAC stock in the period of the last 12 months amounting to 5.51. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 109.42. Price to Free Cash Flow for BAC in the course of the last twelve months was 4.45.

BAC stock trade performance evaluation

Bank of America Corporation [BAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.09. With this latest performance, BAC shares dropped by -0.27% in over the last four-week period, additionally plugging by 26.64% over the last 6 months – not to mention a drop of -4.41% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BAC stock in for the last two-week period is set at 63.90, with the RSI for the last a single of trading hit 67.90, and the three-weeks RSI is set at 62.29 for Bank of America Corporation [BAC]. The present Moving Average for the last 50 days of trading for this stock 30.85, while it was recorded at 33.05 for the last single week of trading, and 26.38 for the last 200 days.

Bank of America Corporation [BAC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bank of America Corporation [BAC] shares currently have an operating margin of +20.26. Bank of America Corporation’s Net Margin is presently recorded at +19.09.

Return on Total Capital for BAC is now 2.66, given the latest momentum, and Return on Invested Capital for the company is 3.49. Return on Equity for this stock inclined to 6.66, with Return on Assets sitting at 0.68. When it comes to the capital structure of this company, Bank of America Corporation [BAC] has a Total Debt to Total Equity ratio set at 165.83. Additionally, BAC Total Debt to Total Capital is recorded at 62.38, with Total Debt to Total Assets ending up at 16.05. Long-Term Debt to Equity for the company is recorded at 105.85, with the Long-Term Debt to Total Capital now at 36.24.

Earnings per share (EPS) analysis for Bank of America Corporation [BAC] stock

With the latest financial reports released by the company, Bank of America Corporation posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -13.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bank of America Corporation go to 1.11%.

Bank of America Corporation [BAC]: Insider Ownership positions

There are presently around $199,930 million, or 71.60% of BAC stock, in the hands of institutional investors. The top three institutional holders of BAC stocks are: BERKSHIRE HATHAWAY INC with ownership of 1,010,100,606, which is approximately 9.199% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 614,743,131 shares of the stock with an approximate value of $20.51 billion in BAC stocks shares; and BLACKROCK INC., currently with $17.0 billion in BAC stock with ownership of nearly -0.083% of the company’s market capitalization.

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Positions in Bank of America Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,150 institutional holders increased their position in Bank of America Corporation [NYSE:BAC] by around 441,290,850 shares. Additionally, 1,030 investors decreased positions by around 241,033,853 shares, while 216 investors held positions by with 5,308,974,155 shares. The mentioned changes placed institutional holdings at 5,991,298,858 shares, according to the latest SEC report filing. BAC stock had 301 new institutional investments in for a total of 83,532,481 shares, while 102 institutional investors sold positions of 34,107,939 shares during the same period.

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