Bank Of America Corp. (NYSE:BAC) shares, rose in value, with the stock price down by -0.13% to the previous day’s close as strong demand from buyers drove the stock to $38.32.
Actively observing the price movement in the last trading, the stock closed the session at $38.37. The PE ratio was 13.25 over 12-month period. Referring to stock’s 52-week performance, its high was $38.42, and the low was $24.96. On the whole, BAC has fluctuated by 3.96% over the past month.
The company’s Forward Dividend Ratio is 0.94, with its dividend yield at 2.45%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BAC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.54, with the price of BAC currently trading nearly 3.87% and 7.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.29, while the 7-day volatility ratio is showing 2.18% which for the 30-day chart, stands at 2.15%. Furthermore, Bank Of America Corp. (BAC)’s beta value is 1.37, and its average true range (ATR) is 0.85.
A comparison of Bank Of America Corp. (BAC) with its peers suggests the former has fared considerably weaker in the market. BAC showed an intraday change of -0.13% in last session, and over the past year, it grew by 28.76%%.
Data on historical trading for Bank Of America Corp. (NYSE:BAC) indicates that the trading volumes over the past 3 months, they’ve averaged 41.00 million. According to company’s latest data on outstanding shares, there are 7.90 billion shares outstanding.
Nearly 0.17% of Bank Of America Corp.’s shares belong to company insiders and institutional investors own 71.93% of the company’s shares. The stock has risen by 13.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BAC stock heading into the next quarter.
