Bank Of America Corp [NYSE: BAC] closed the trading session at $45.67.
The stocks have a year to date performance of 35.64 percent and weekly performance of -2.31 percent. The stock has been moved at 16.39 percent over the last six months. The stock has performed -0.44 percent around the most recent 30 days and changed 16.80 percent over the most recent 3-months.
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If compared to the average trading volume of 35.04M shares, BAC reached to a volume of 29056924 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 $50.10 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 1.78. 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.
Morgan Stanley have made an estimate for Bank Of America Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 09, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $46 to $54. The new note on the price target was released on November 08, 2024, representing the official price target for Bank Of America Corp stock. Previously, the target price had yet another raise to $45, while Deutsche Bank analysts kept a Buy rating on BAC stock. On July 09, 2024, analysts increased their price target for BAC shares from 37 to 42.
The Average True Range (ATR) for Bank Of America Corp is set at 0.77, with the Price to Sales ratio for BAC stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 1.29. Price to Free Cash Flow for BAC in the course of the last twelve months was 19.14.
BAC stock trade performance evaluation
Bank Of America Corp [BAC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.31. With this latest performance, BAC shares dropped by -0.44% in over the last four-week period, additionally plugging by 16.39% over the last 6 months – not to mention a rise of 42.54% 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 49.11, with the RSI for the last a single of trading hit 40.92, and the three-weeks RSI is set at 53.60 for Bank Of America Corp [BAC]. The present Moving Average for the last 50 days of trading for this stock 44.23, while it was recorded at 45.90 for the last single week of trading, and 40.16 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 $63.33%, or 70.43%% 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%.
