Bank Of America Corp [NYSE: BAC] closed the trading session at $46.75.
The stocks have a year to date performance of 38.85 percent and weekly performance of 3.59 percent. The stock has been moved at 18.99 percent over the last six months. The stock has performed 9.74 percent around the most recent 30 days and changed 17.85 percent over the most recent 3-months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If compared to the average trading volume of 37.14M shares, BAC reached to a volume of 40337280 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 Corp [BAC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BAC shares is $48.15 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 1.74. 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.
Citigroup have made an estimate for Bank Of America Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 08, 2024. The new note on the price target was released on September 03, 2024, representing the official price target for Bank Of America Corp stock. Previously, the target price had yet another raise from $37 to $42, while Piper Sandler kept a Neutral rating on BAC stock.
The Average True Range (ATR) for Bank Of America Corp is set at 0.94, with the Price to Sales ratio for BAC stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 1.32. Price to Free Cash Flow for BAC in the course of the last twelve months was 20.14.
BAC stock trade performance evaluation
Bank Of America Corp [BAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.59. With this latest performance, BAC shares gained by 9.74% in over the last four-week period, additionally plugging by 18.99% over the last 6 months – not to mention a rise of 57.83% 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 73.78, with the RSI for the last a single of trading hit 77.61, and the three-weeks RSI is set at 70.60 for Bank Of America Corp [BAC]. The present Moving Average for the last 50 days of trading for this stock 41.49, while it was recorded at 46.09 for the last single week of trading, and 38.92 for the last 200 days.
Bank Of America Corp [BAC]: An insightful look at the core fundamentals
Bank Of America Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.02.
Earnings per share (EPS) analysis for Bank Of America Corp [BAC] stock
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 Corp go to 8.04%.
Bank Of America Corp [BAC]: Institutional Ownership
There are presently around $63.37%, or 70.46%% of BAC stock, in the hands of institutional investors. The top three institutional holders of BAC stocks are: BERKSHIRE HATHAWAY INC with ownership of 1.03 billion shares, which is approximately 12.9622%. VANGUARD GROUP INC, holding 641.63 million shares of the stock with an approximate value of $$25.52 billion in BAC stocks shares; and VANGUARD GROUP INC, currently with $$18.82 billion in BAC stock with ownership which is approximately 5.9376%.
