Bank Of America Corp. (NYSE:BAC) price on Wednesday, May 09, fall -0.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $37.71.
A look at the stock’s price movement, the close in the last trading session was $37.84. The PE ratio in trailing twelve months stood at 13.02. Turning to its 52-week performance, $38.49 and $24.96 were the 52-week high and 52-week low respectively. Overall, BAC moved -0.05% over the past month.
Bank Of America Corp.’s market cap currently stands at around $294.91 billion. The company has a Forward Dividend ratio of 0.94, with its dividend yield at 2.49%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 25.27B for the company’s revenue for the quarter, with a low and high estimate of 24.99B and 25.8B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 101.98B, representing a 11.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BAC is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.53, with BAC’s current price about 2.10% and 3.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.87, while 7-day volatility ratio is 1.33% and 2.09% in the 30-day chart. Further, Bank Of America Corp. (BAC) has a beta value of 1.36, and an average true range (ATR) of 0.72.
If we refocus on Bank Of America Corp. (NYSE:BAC), historical trading data shows that trading volumes averaged 39.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 7.90 billion shares.
The 0.18% of Bank Of America Corp.’s shares are in the hands of company insiders while institutional holders own 72.34% of the company’s shares. Current price change has pushed the stock 12.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BAC stock continues to rise going into the next quarter.
