BAC Stock: Bank of America Corporation (BAC) stock price tumbled -0.04% to finalize at $25.30 throughout previous buying and selling session. A total of 56.35 million shares exchanged at hands and its average trading volume is standing at 96.91 million shares.
While taking a look at financials, we can look at a number of key indicators about Bank of America Corporation (BAC) . Average true range (ATR-14) of the company is at 0.45. Developed by J. Welles Wilder, ATR is an indicator that measures volatility. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. It may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system.
The Stock has Weekly volatility of 1.53% and monthly volatility of 1.65%. Tracking most recent quarter period, Price to book (P/B) ration is at 1.07 and Price to cash per share ration is at 0.44. Beta value of the stock is marked at 1.38. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security’s price will be more volatile than the market. The company has a Return on Assets (ROA) of 0.70%. Presently, it has a Return on Equity (ROE) of 6.70% and Return on Investment (ROI) of 4.60%.
Important factors to focus when evaluating a stock’s present and future value are the 52 week price high and low levels. Shares of Bank of America Corporation (BAC) are trading -1.94% downward from the 52-week high mark and 112.36% above from the fifty two-week low mark.
Relative strength index (RSI-14) for Bank of America Corporation (BAC) is at 64.24. In phrases of Market analysis and buying and selling signals, RSI moving above the horizontal 30 reference standard is regarded as a bullish indicator, at the same time as the RSI transferring under the horizontal 70 reference standard is visible to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions.
Taking a glance at past performance, we will examine different up or down moving trends about BAC. The stock added 0.20% beyond one week and climbed 9.76% during previous one month session. The stock went up 10.58% at some stage in past quarter. Inside the closing six months period the stock’s performance raised 61.83% while overall yearly performance gained 86.20%. The Company’s year to date (YTD) performance is now positive at 14.83%.
Bank of America Corporation (BAC) stock price distance from twenty day simple moving average surged at 2.53% while its distance from fifty day simple moving average raised 7.66% along with 39.92% above distance from two hundred simple moving averages. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.
Total debt to equity ratio of the company for most recent quarter is 1.70 while Long term debt to equity ratio for same time period is 0.72.
Earnings Surprise: According to the earnings report released for Quarter Ending_Dec-16, The Company posted actual earnings of $0.41 per share whereas the Analysts projected earnings were $0.38 per share. The difference between actual earnings and estimated earnings was $0.03 per share. These results showed an earnings surprise of 9.07% (Thomson Reuter’s data).
Three Month Ago Analyst Ratings: BANK OF AMERICA CORPORATION (BAC) has received mean Analyst rating of 1.97 from polled analysts at Reuters 3 Month Ago. It has been suggested as “Buy Opinions” from 11 and 0 issued “Sell Thoughts” for the stock. Buy – Also known as strong buy and “on the recommended list.” Needless to say, buy is a recommendation to purchase a specific security. Sell – Also known as strong sell, it’s a recommendation to sell a security or to liquidate an asset. 10 rated the company as a “Hold”. Hold – In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in-line with the market. Outperform – Also known as “moderate buy,” “accumulate” and “over-weight.” Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return. “Outperform View” rating was revealed by 12 and “Underperform Signal” rating was issued by 0. Underperform – A recommendation that means a stock is expected to do slightly worse than the market return. Underperform can also be lumped in with “moderate sell,” “weak hold” and “under-weight.”. In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Ultimately, through all this investigation into the company’s performance the analyst decides whether their stock is a “buy,” sell” or hold.
The article first appeared in wsnews4investors.com