At the time of writing, Bank Of America Corp. [BAC] stock is trading at $35.77, up 1.53%. An important factor to consider is whether the stock is rising or falling in short-term value. The BAC shares have lost -1.60% over the last week, with a monthly amount drifted -0.72%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Bank Of America Corp. [NYSE: BAC] stock has seen the most recent analyst activity on April 04, 2024, when UBS downgraded its rating to a Neutral and also boosted its price target to $40 from $39. Previously, HSBC Securities downgraded its rating to Hold on March 28, 2024, and elevated its price target to $39. On January 30, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $41 on the stock. Odeon downgraded its rating to a Hold. Odeon upgraded its rating to a Buy. Keefe Bruyette upgraded its rating to Mkt Perform for this stock on November 06, 2023, and upped its price target to $30. In a note dated September 07, 2023, HSBC Securities initiated an Buy rating and provided a target price of $35 on this stock.
For the past year, the stock price of Bank Of America Corp. fluctuated between $24.96 and $38.35. Currently, Wall Street analysts expect the stock to reach $44.34 within the next 12 months. Bank Of America Corp. [NYSE: BAC] shares were valued at $35.77 at the most recent close of the market. An investor can expect a potential return of 23.96% based on the average BAC price forecast.
Analyzing the BAC fundamentals
According to Bank Of America Corp. [NYSE:BAC], the company’s sales were 181.97B for trailing twelve months, which represents an 14.28% jump. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.30 points at the first support level, and at 34.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.11, and for the 2nd resistance point, it is at 36.46.
Ratios To Look Out For
It is important to note that Bank Of America Corp. [NYSE:BAC] has a current ratio of 1.02. Considering the valuation of this stock, the price to sales ratio is 1.55, the price to book ratio is 1.06 and price to earnings (TTM) ratio is 12.37.
Transactions by insiders
Recent insider trading involved BANK OF AMERICA CORP /DE/, 10% Owner, that happened on Dec 27 ’23 when 5398.0 shares were purchased. 10% Owner, BANK OF AMERICA CORP /DE/ completed a deal on Dec 15 ’23 to sell 900.0 shares. Meanwhile, 10% Owner BANK OF AMERICA CORP /DE/ bought 900.0 shares on Dec 13 ’23.
