A share price of Bank Of America Corp. [BAC] is currently trading at $41.95, up 4.95%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BAC shares have gain 4.59% over the last week, with a monthly amount glided 8.17%, and 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 September 03, 2024, when Deutsche Bank upgraded its rating to a Buy but kept the price target unchanged to $45 for it. Previously, Piper Sandler upgraded its rating to Neutral on July 09, 2024, and elevated its price target to $42. On July 02, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $48 on the stock. Keefe Bruyette upgraded its rating to a Outperform and increased its price target to $46 on June 14, 2024. Wolfe Research upgraded its rating to a Outperform but $42 remained the price target by the analyst firm on April 19, 2024. UBS downgraded its rating to Neutral for this stock on April 04, 2024, and upped its price target to $40. In a note dated March 28, 2024, HSBC Securities downgraded an Hold rating on this stock and boosted its target price from $38 to $39.
Bank Of America Corp. experienced fluctuations in its stock price throughout the past year between $24.96 and $44.44. Currently, Wall Street analysts expect the stock to reach $48.25 within the next 12 months. Bank Of America Corp. [NYSE: BAC] shares were valued at $41.95 at the most recent close of the market. An investor can expect a potential return of 15.02% based on the average BAC price forecast.
Analyzing the BAC fundamentals
Trailing Twelve Months sales for Bank Of America Corp. [NYSE:BAC] were 189.16B which represents 13.38% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.38.
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 40.84 points at the first support level, and at 39.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.61, and for the 2nd resistance point, it is at 43.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bank Of America Corp. [NYSE:BAC] is 1.02. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 14.75.
Transactions by insiders
Recent insider trading involved BERKSHIRE HATHAWAY INC, 10% Owner, that happened on Oct 09 ’24 when 4.0 million shares were sold. 10% Owner, BERKSHIRE HATHAWAY INC completed a deal on Oct 08 ’24 to sell 3.93 million shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC sold 1.61 million shares on Oct 10 ’24.
