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After finishing at $41.42 in the prior trading day, Bank Of America Corp. (NYSE: BAC) closed at $41.74, up 0.77%. In other words, the price has increased by $0.77 from its previous closing price. On the day, 25.14 million shares were traded. BAC stock price reached its highest trading level at $41.76 during the session, while it also had its lowest trading level at $41.07.
Ratios:
Our goal is to gain a better understanding of BAC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.30 whereas as Long-Term Debt/Eq ratio is at 0.98.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on July 09, 2024, Upgraded its rating to Neutral and sets its target price to $42 from $37 previously.
On July 02, 2024, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $48.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on June 14, 2024, whereas the target price for the stock was revised from $37 to $46.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 28 ’24 when BANK OF AMERICA CORP /DE/ bought 263 shares for $23.75 per share. The transaction valued at 6,245 led to the insider holds 263 shares of the business.
BANK OF AMERICA CORP /DE/ sold 263 shares of BAC for $6,253 on Jun 28 ’24. The 10% Owner now owns 0 shares after completing the transaction at $23.77 per share. On Jun 06 ’24, another insider, BANK OF AMERICA CORP /DE/, who serves as the 10% Owner of the company, sold 1,600 shares for $10.89 each. As a result, the insider received 17,424 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BAC now has a Market Capitalization of 326422265856 and an Enterprise Value of 251123253248. As of this moment, Bank’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.41, and their Forward P/E ratio for the next fiscal year is 11.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 2.69.
Stock Price History:
The Beta on a monthly basis for BAC is 1.36, which has changed by 0.40680826 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, BAC has reached a high of $41.83, while it has fallen to a 52-week low of $24.96. The 50-Day Moving Average of the stock is 6.62%, while the 200-Day Moving Average is calculated to be 23.13%.
Shares Statistics:
The stock has traded on average 36.30M shares per day over the past 3-months and 31550370 shares per day over the last 10 days, according to various share statistics. A total of 7.90B shares are outstanding, with a floating share count of 7.81B. Insiders hold about 0.17% of the company’s shares, while institutions hold 73.14% stake in the company. Shares short for BAC as of 1718323200 were 81479769 with a Short Ratio of 2.24, compared to 1715731200 on 69567231. Therefore, it implies a Short% of Shares Outstanding of 81479769 and a Short% of Float of 1.2.
Dividends & Splits
In the trailing 12 months, BAC’s forward annual dividend rate was 0.94, compared to 0.96 this year. Against a Trailing Annual Dividend Yield of 0.022694351The stock’s 5-year Average Dividend Yield is 2.42. The current Payout Ratio is 29.90% for BAC, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1717718400. Stock splits for the company last occurred on 2004-08-30 when the company split stock in a 2:1 ratio.
