Bank of America Corporation (BAC) declined -0.1% and closed its last trading session at $29.45. Its opening price on the last trading day was $29.48. The company’s market cap is $303.9 Billion. The company has 10.32 Billion shares outstanding and 10.32 Billion shares were floated in market. The short ratio in the company’s stock is documented at 1.97 and the short float is around of 1.31%. Bank of America Corporation has been given an analysts’ mean target of 29.32.
The highest price BAC stock touched in the last 12 month was $29.64 and the lowest price it hit in the same period was $21.77. Stock’s distance from 52 week High is -0.17% and the distance from 52 week Low is 35.28%.
Share Volume Analysis
A total of 65.5 Billion shares exchanged at hands and its average trading volume is standing at 68.6 Million shares. The relative volume of the stock is 0.95.
Bank of America Corporation (BAC) performance during the last one year upgraded 31.01 percent, while its year to date (YTD) performance showed a positive trend of 33.26 percent. The stock jumped 27.32 percent over the past six months. The stock’s quarterly performance indicates a positive momentum of 17.52 percent, whereas its last one month trend is optimistic with 10.63 percent. Its weekly performance showed upward trend of 0.44 percent.
Profit Margins Analysis
Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 33.8 percent, operating profit margin was 72.8 percent, while gross profit margin stands at 0 percent.
Key Ratios Review
Liquidity ratios help investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 0.88 and Total Debt/Equity ratio stands at 1.79, while Payout ratio is 0.187.
Return on Assets, Investment and Equity
Bank of America Corporation (BAC) has a Return on Assets of 0.8 percent, Return on Investment of 4.6 percent and a Return on Equity of 7.6 percent.
Simple Moving Average
Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. Now we look at the Moving Averages, the 200-day is 18.8%, the 50-day is 7.51% and the 20-day is 4.38%.
EPS Growth Analysis
The company’s diluted EPS for trailing twelve months was 1.72.
EPS Estimate for the next year is 2.16.
EPS Estimate for the next Quarter is 0.46.
EPS Growth this year is 14.9 percent.
Earnings and Sales Growth
EPS growth for the next 5 years is 13.15 percent.
Annual EPS growth Past 5 years is 182.4 percent.
Annual Sales Growth in the past 5 years was -5.1 percent.
Quarterly Revenue Growth on year-over-year basis stands at 16.2 percent.
Quarterly Earnings Growth on year-over-year basis stands at 16 percent.
Investment Valuation Ratios
The company P/E (price to earnings) ratio is 17.08 and Forward P/E ratio is 13.62. The company P/S (price to Sales) ratio is 5.49, P/B (price to Book) ratio is 1.2, while its P/C (price to Cash) ratio stands at 0.47.
If we look at the Volatility of Bank of America Corporation (BAC), Week Volatility is 1.40%, whereas Month Volatility is at 1.69%.
Bank of America Corporation (BAC)’s RSI (Relative strength index) is at 67.27, its ATR (Average True Range) value is 0.5, while its Beta factor was calculated at 1.32.
Earnings Released Date
The company last reported its quarterly results on Jan 12 BMO.
Bank of America Corporation (BAC) has an Analysts’ Mean Recommendation of 2.1.
Insider Ownership and Transactions
Bank of America Corporation’s insider ownership stands at 0.08 percent, while its insider transaction is -1.09 percent.
Institutional Ownership and Transactions
Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Bank of America Corporation’s institutional ownership is 70.6%, while its institutional transactions stand at 10%.