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Bank Of America Corp. (NYSE: BAC) closed the day trading at $40.31 down -2.35% from the previous closing price of $41.28. In other words, the price has decreased by -$2.35 from its previous closing price. On the day, 49.13 million shares were traded. BAC stock price reached its highest trading level at $41.38 during the session, while it also had its lowest trading level at $40.22.
Ratios:
For a better understanding of BAC, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.41 whereas as Long-Term Debt/Eq ratio is at 0.99.
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 Jul 29 ’24 when BERKSHIRE HATHAWAY INC sold 5,264,601 shares for $41.20 per share. The transaction valued at 216,878,923 led to the insider holds 961,646,715 shares of the business.
BERKSHIRE HATHAWAY INC sold 7,526,661 shares of BAC for $313,870,796 on Jul 26 ’24. The 10% Owner now owns 966,911,316 shares after completing the transaction at $41.70 per share. On Jul 25 ’24, another insider, BERKSHIRE HATHAWAY INC, who serves as the 10% Owner of the company, sold 5,623,584 shares for $42.01 each. As a result, the insider received 236,247,326 and left with 974,437,977 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 313400197120 and an Enterprise Value of 77831823360. As of this moment, Bank’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.17, and their Forward P/E ratio for the next fiscal year is 10.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 0.835.
Stock Price History:
Over the past 52 weeks, BAC has reached a high of $44.44, while it has fallen to a 52-week low of $24.96. The 50-Day Moving Average of the stock is -0.36%, while the 200-Day Moving Average is calculated to be 15.01%.
Shares Statistics:
Over the past 3-months, BAC traded about 36.05M shares per day on average, while over the past 10 days, BAC traded about 43434210 shares per day. 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 72.74% stake in the company. Shares short for BAC as of 1721001600 were 72006147 with a Short Ratio of 2.00, compared to 1718323200 on 81479769. Therefore, it implies a Short% of Shares Outstanding of 72006147 and a Short% of Float of 1.0699999999999998.
Dividends & Splits
BAC’s forward annual dividend rate is 0.96, up from 0.96 a year ago. Against a Trailing Annual Dividend Yield of 0.023255814The stock’s 5-year Average Dividend Yield is 2.42.
